Nustar Energy L.P. (NS) Holdings Increased by Arrow Investment Advisors LLC
Arrow Investment Advisors LLC grew its holdings in shares of Nustar Energy L.P. (NYSE:NS) by 23.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,678 shares of the pipeline company’s stock after buying an additional 3,156 shares during the period. Arrow Investment Advisors LLC’s holdings in Nustar Energy L.P. were worth $677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in Nustar Energy L.P. by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock worth $112,000 after buying an additional 163 shares during the last quarter. Ffcm LLC lifted its holdings in Nustar Energy L.P. by 230.9% during the 2nd quarter. Ffcm LLC now owns 2,412 shares of the pipeline company’s stock worth $115,000 after buying an additional 1,683 shares during the last quarter. Botty Investors LLC purchased a new stake in Nustar Energy L.P. during the 2nd quarter worth about $127,000. Penserra Capital Management LLC lifted its holdings in Nustar Energy L.P. by 210.2% during the 2nd quarter. Penserra Capital Management LLC now owns 3,617 shares of the pipeline company’s stock worth $168,000 after buying an additional 2,451 shares during the last quarter. Finally, Sigma Planning Corp lifted its holdings in Nustar Energy L.P. by 21.9% during the 2nd quarter. Sigma Planning Corp now owns 4,830 shares of the pipeline company’s stock worth $225,000 after buying an additional 868 shares during the last quarter. 53.81% of the stock is owned by institutional investors.
A number of brokerages have issued reports on NS. Stifel Nicolaus reaffirmed a “hold” rating and set a $46.00 price target on shares of Nustar Energy L.P. in a report on Thursday, August 3rd. Zacks Investment Research upgraded Nustar Energy L.P. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub upgraded Nustar Energy L.P. from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Citigroup Inc. cut their target price on Nustar Energy L.P. from $51.00 to $42.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 10th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $37.00 target price (down previously from $42.00) on shares of Nustar Energy L.P. in a research report on Thursday, November 9th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $41.88.
Nustar Energy L.P. (NYSE:NS) traded up $0.24 on Thursday, hitting $27.84. The stock had a trading volume of 464,500 shares, compared to its average volume of 375,010. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.36 and a quick ratio of 0.33. Nustar Energy L.P. has a twelve month low of $27.41 and a twelve month high of $55.64. The firm has a market capitalization of $2,610.00, a PE ratio of 72.63 and a beta of 1.32.
Nustar Energy L.P. (NYSE:NS) last issued its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.12). The company had revenue of $440.60 million during the quarter, compared to analyst estimates of $413.81 million. Nustar Energy L.P. had a net margin of 6.09% and a return on equity of 6.89%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. equities research analysts forecast that Nustar Energy L.P. will post 0.82 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Thursday, November 9th were given a $1.095 dividend. This represents a $4.38 annualized dividend and a yield of 15.73%. The ex-dividend date was Wednesday, November 8th. Nustar Energy L.P.’s dividend payout ratio (DPR) is presently 1,152.63%.
Nustar Energy L.P. Profile
NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of petroleum products, and the marketing of petroleum products. The Company’s segments include pipeline, storage and fuels marketing. The pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia.
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