TradeLink Capital LLC Purchases Shares of 5,900 Nustar Energy L.P. (NS)
TradeLink Capital LLC purchased a new position in shares of Nustar Energy L.P. (NYSE:NS) during the second quarter, Holdings Channel reports. The fund purchased 5,900 shares of the pipeline company’s stock, valued at approximately $275,000. Nustar Energy L.P. makes up about 2.5% of TradeLink Capital LLC’s investment portfolio, making the stock its 13th largest position.
A number of other large investors have also bought and sold shares of the stock. McQueen Ball & Associates Inc. boosted its stake in 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 worth $250,000 after buying an additional 122 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in Nustar Energy L.P. by 2.0% in the second quarter. Cullen Frost Bankers Inc. now owns 7,718 shares of the pipeline company’s stock worth $360,000 after buying an additional 150 shares in the last quarter. Level Four Advisory Services LLC boosted its stake in 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 worth $226,000 after buying an additional 191 shares in the last quarter. IFP Advisors Inc boosted its stake in Nustar Energy L.P. by 4.4% in the first quarter. IFP Advisors Inc now owns 7,162 shares of the pipeline company’s stock worth $372,000 after buying an additional 300 shares in the last quarter. Finally, WealthTrust Arizona LLC boosted its stake in Nustar Energy L.P. by 2.4% in the first quarter. WealthTrust Arizona LLC now owns 17,035 shares of the pipeline company’s stock worth $885,000 after buying an additional 398 shares in the last quarter. 52.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nustar Energy L.P. (NYSE NS) opened at 41.09 on Friday. The company has a market capitalization of $3.82 billion, a PE ratio of 57.79 and a beta of 1.38. The stock has a 50 day moving average price of $45.19 and a 200 day moving average price of $48.56. Nustar Energy L.P. has a one year low of $40.96 and a one year high of $55.64.
Nustar Energy L.P. (NYSE:NS) last released its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.28. Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. The company had revenue of $435.49 million for the quarter, compared to analyst estimates of $500.83 million. During the same quarter last year, the company earned $0.52 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts predict that Nustar Energy L.P. will post $1.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Monday, August 7th will be given a dividend of $1.095 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $4.38 annualized dividend and a dividend yield of 10.66%. Nustar Energy L.P.’s dividend payout ratio (DPR) is presently 608.33%.
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A number of research firms have commented on NS. BidaskClub raised Nustar Energy L.P. from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Stifel Nicolaus reissued a “hold” rating and set a $52.00 price target on shares of Nustar Energy L.P. in a report on Monday, April 17th. UBS AG reissued a “buy” rating and set a $53.00 price target (down from $56.00) on shares of Nustar Energy L.P. in a report on Monday, July 31st. Credit Suisse Group raised Nustar Energy L.P. from an “underperform” rating to a “neutral” rating in a report on Thursday, April 13th. Finally, Macquarie began coverage on Nustar Energy L.P. in a report on Friday, April 21st. They issued a “neutral” rating and a $47.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $51.00.
In other Nustar Energy L.P. news, Director Jesse D. Bates acquired 1,000 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was bought at an average price of $42.81 per share, for a total transaction of $42,810.00. Following the acquisition, the director now owns 7,818 shares in the company, valued at $334,688.58. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William E. Greehey acquired 50,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was acquired at an average price of $41.86 per share, with a total value of $2,093,000.00. Following the acquisition, the director now owns 3,421,776 shares in the company, valued at approximately $143,235,543.36. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 57,000 shares of company stock valued at $2,411,150. Insiders own 4.10% of the company’s stock.
Nustar Energy L.P. Company 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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