Castleton Investment Management LLC cut its holdings in shares of Nustar Energy L.P. (NYSE:NS) by 25.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,000 shares of the pipeline company’s stock after selling 15,700 shares during the quarter. Castleton Investment Management LLC owned approximately 0.05% of Nustar Energy worth $1,908,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Alps Advisors Inc. increased its holdings in shares of Nustar Energy by 11.3% in the third quarter. Alps Advisors Inc. now owns 6,422,266 shares of the pipeline company’s stock worth $260,680,000 after purchasing an additional 649,543 shares during the last quarter. Center Coast Capital Advisors LP increased its holdings in shares of Nustar Energy by 12.3% in the third quarter. Center Coast Capital Advisors LP now owns 4,657,451 shares of the pipeline company’s stock worth $189,046,000 after purchasing an additional 509,808 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Nustar Energy by 15.2% in the second quarter. Goldman Sachs Group Inc. now owns 3,734,332 shares of the pipeline company’s stock worth $174,132,000 after purchasing an additional 492,279 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Nustar Energy by 16.4% in the third quarter. JPMorgan Chase & Co. now owns 1,760,994 shares of the pipeline company’s stock worth $70,863,000 after purchasing an additional 248,106 shares during the last quarter. Finally, Atlantic Trust Group LLC increased its holdings in shares of Nustar Energy by 75.9% in the second quarter. Atlantic Trust Group LLC now owns 1,148,846 shares of the pipeline company’s stock worth $53,571,000 after purchasing an additional 495,573 shares during the last quarter. 57.59% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on NS shares. Citigroup reduced their target price on Nustar Energy from $51.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, October 10th. BidaskClub raised Nustar Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Zacks Investment Research raised Nustar Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 14th. UBS dropped their price target on Nustar Energy from $50.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $42.00 price target on shares of Nustar Energy in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Nustar Energy has an average rating of “Hold” and a consensus price target of $40.38.
Nustar Energy L.P. (NYSE NS) traded down $0.24 on Wednesday, reaching $29.81. The company had a trading volume of 503,800 shares, compared to its average volume of 382,477. The stock has a market capitalization of $2,795.64, a price-to-earnings ratio of 79.08 and a beta of 1.27. Nustar Energy L.P. has a 12 month low of $26.21 and a 12 month high of $55.64. The company has a current ratio of 0.36, a quick ratio of 0.33 and a debt-to-equity ratio of 1.77.
Nustar Energy (NYSE:NS) last released its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.15 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 analysts’ expectations of $413.81 million. Nustar Energy had a return on equity of 6.89% and a net margin of 6.09%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 EPS. analysts predict that Nustar Energy L.P. will post 0.82 earnings per share for the current 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. The ex-dividend date was Wednesday, November 8th. This represents a $4.38 annualized dividend and a yield of 14.69%. Nustar Energy’s dividend payout ratio is currently 1,152.66%.
Nustar Energy 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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