Neuberger Berman Group LLC raised its stake in shares of Nustar Energy L.P. (NYSE:NS) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 897,517 shares of the pipeline company’s stock after buying an additional 40,264 shares during the quarter. Neuberger Berman Group LLC owned about 0.96% of Nustar Energy worth $36,430,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Alps Advisors Inc. boosted its holdings in shares of Nustar Energy by 11.3% during 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 boosted its holdings in shares of Nustar Energy by 12.3% during 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. boosted its holdings in shares of Nustar Energy by 15.2% during 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. boosted its holdings in shares of Nustar Energy by 16.4% during 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 boosted its holdings in shares of Nustar Energy by 75.9% during 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. Hedge funds and other institutional investors own 57.57% of the company’s stock.
Shares of Nustar Energy L.P. (NYSE NS) traded up $0.36 on Friday, hitting $34.22. The company had a trading volume of 779,666 shares, compared to its average volume of 552,633. The company has a quick ratio of 0.33, a current ratio of 0.36 and a debt-to-equity ratio of 1.77. The stock has a market cap of $3,180.00, a price-to-earnings ratio of 90.05 and a beta of 1.27. Nustar Energy L.P. has a twelve month low of $26.21 and a twelve month high of $55.64.
Nustar Energy (NYSE:NS) last issued its earnings results on Tuesday, November 7th. The pipeline company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.12). Nustar Energy had a return on equity of 6.89% and a net margin of 6.09%. The firm had revenue of $440.60 million during the quarter, compared to analysts’ expectations of $413.81 million. During the same period last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was down .2% compared to the same quarter last year. equities research analysts forecast that Nustar Energy L.P. will post 0.83 EPS for the current year.
NS has been the topic of several analyst reports. Citigroup decreased their price objective on Nustar Energy from $51.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, October 10th. Zacks Investment Research upgraded Nustar Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 14th. UBS Group decreased their price objective on Nustar Energy from $50.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Stifel Nicolaus restated a “hold” rating and set a $42.00 price objective on shares of Nustar Energy in a report on Thursday, October 12th. Finally, ValuEngine lowered Nustar Energy from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.33.
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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