Obermeyer Wood Investment Counsel Lllp continued to hold its position in shares of Nustar Energy L.P. (NYSE:NS) during the second quarter, Holdings Channel reports. The fund owned 5,000 shares of the pipeline company’s stock at the end of the second quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Nustar Energy L.P. were worth $233,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. raised its position in shares of Nustar Energy L.P. by 708.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,232 shares of the pipeline company’s stock valued at $158,000 after buying an additional 2,832 shares in the last quarter. Sigma Planning Corp purchased a new position in shares of Nustar Energy L.P. during the first quarter valued at about $206,000. Level Four Advisory Services LLC raised its position in shares of Nustar Energy L.P. by 4.5% in the first quarter. Level Four Advisory Services LLC now owns 4,423 shares of the pipeline company’s stock valued at $226,000 after buying an additional 191 shares in the last quarter. McQueen Ball & Associates Inc. raised its position in shares of Nustar Energy L.P. by 2.3% in the second quarter. McQueen Ball & Associates Inc. now owns 5,361 shares of the pipeline company’s stock valued at $250,000 after buying an additional 122 shares in the last quarter. Finally, Investment Centers of America Inc. raised its position in shares of Nustar Energy L.P. by 29.8% in the first quarter. Investment Centers of America Inc. now owns 5,248 shares of the pipeline company’s stock valued at $271,000 after buying an additional 1,206 shares in the last quarter. 54.13% of the stock is owned by hedge funds and other institutional investors.

Nustar Energy L.P. (NYSE:NS) opened at 40.32 on Tuesday. Nustar Energy L.P. has a 52-week low of $40.19 and a 52-week high of $55.64. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 56.71 and a beta of 1.38. The company’s 50-day moving average price is $45.03 and its 200-day moving average price is $48.27.

Nustar Energy L.P. (NYSE:NS) last issued its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.28. The business had revenue of $435.49 million during the quarter, compared to the consensus estimate of $500.83 million. Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. Equities research analysts expect that Nustar Energy L.P. will post $1.26 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Monday, August 7th were paid a $1.095 dividend. This represents a $4.38 dividend on an annualized basis and a yield of 10.86%. The ex-dividend date of this dividend was Thursday, August 3rd. Nustar Energy L.P.’s dividend payout ratio (DPR) is 608.33%.

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Several research analysts have recently issued reports on the company. BidaskClub raised Nustar Energy L.P. from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Stifel Nicolaus reduced their price objective on Nustar Energy L.P. from $52.00 to $46.00 and set a “hold” rating for the company in a research report on Tuesday, April 25th. Zacks Investment Research raised Nustar Energy L.P. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Wells Fargo & Company raised Nustar Energy L.P. from a “market perform” rating to an “outperform” rating in a research report on Friday, April 21st. Finally, UBS AG reaffirmed a “buy” rating and set a $53.00 price objective (down previously from $56.00) on shares of Nustar Energy L.P. in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $51.00.

In other Nustar Energy L.P. news, Director Jesse D. Bates purchased 1,000 shares of Nustar Energy L.P. stock in a transaction dated Wednesday, June 21st. The shares were acquired at an average cost of $42.81 per share, with a total value of $42,810.00. Following the completion of the transaction, the director now owns 7,818 shares in the company, valued at approximately $334,688.58. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director William Grady Rosier purchased 5,000 shares of Nustar Energy L.P. stock in a transaction dated Friday, May 19th. The shares were acquired at an average cost of $46.40 per share, for a total transaction of $232,000.00. The disclosure for this purchase can be found here. Insiders purchased 57,000 shares of company stock valued at $2,411,150 in the last three months. 4.10% of the stock is currently owned by insiders.

About Nustar Energy L.P.

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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Institutional Ownership by Quarter for Nustar Energy L.P. (NYSE:NS)

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