Shares of Nustar Energy L.P. (NYSE:NS) have been assigned an average rating of “Hold” from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $50.29.

NS has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 27th. Wells Fargo & Company lowered Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. BidaskClub lowered Nustar Energy L.P. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. ValuEngine lowered Nustar Energy L.P. from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, UBS AG reaffirmed a “buy” rating and set a $53.00 price target (down previously from $56.00) on shares of Nustar Energy L.P. in a research note on Monday, July 31st.

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In related news, Director William E. Greehey acquired 6,899 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average price of $38.61 per share, for a total transaction of $266,370.39. Following the completion of the acquisition, the director now owns 3,454,662 shares of the company’s stock, valued at approximately $133,384,499.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jesse D. Bates acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was bought at an average price of $42.81 per share, with a total value of $42,810.00. Following the acquisition, the director now directly owns 7,818 shares of the company’s stock, valued at approximately $334,688.58. The disclosure for this purchase can be found here. Insiders have bought 102,000 shares of company stock worth $4,113,098 in the last ninety days. 4.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NS. Tortoise Capital Advisors L.L.C. increased its holdings in Nustar Energy L.P. by 213,865.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 4,311,408 shares of the pipeline company’s stock valued at $201,041,000 after purchasing an additional 4,309,393 shares during the last quarter. Alps Advisors Inc. increased its holdings in Nustar Energy L.P. by 25.9% in the second quarter. Alps Advisors Inc. now owns 5,772,723 shares of the pipeline company’s stock valued at $269,182,000 after purchasing an additional 1,188,735 shares during the last quarter. Eagle Global Advisors LLC increased its holdings in Nustar Energy L.P. by 15,930.4% in the second quarter. Eagle Global Advisors LLC now owns 1,043,580 shares of the pipeline company’s stock valued at $48,662,000 after purchasing an additional 1,037,070 shares during the last quarter. Bank of Montreal Can increased its holdings in Nustar Energy L.P. by 281.7% in the second quarter. Bank of Montreal Can now owns 1,019,173 shares of the pipeline company’s stock valued at $47,524,000 after purchasing an additional 752,185 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Nustar Energy L.P. by 29.1% in the first quarter. Clearbridge Investments LLC now owns 2,370,465 shares of the pipeline company’s stock valued at $123,217,000 after purchasing an additional 534,570 shares during the last quarter. Institutional investors and hedge funds own 56.73% of the company’s stock.

Shares of Nustar Energy L.P. (NS) traded down 1.52% on Wednesday, hitting $40.18. The stock had a trading volume of 206,426 shares. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 55.19 and a beta of 1.40. Nustar Energy L.P. has a 52 week low of $37.30 and a 52 week high of $55.64. The firm has a 50 day moving average price of $41.24 and a 200-day moving average price of $46.42.

Nustar Energy L.P. (NYSE:NS) last posted 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 analyst estimates of $500.83 million. Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. Nustar Energy L.P.’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. Analysts anticipate that Nustar Energy L.P. will post $1.19 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were paid a dividend of $1.095 per share. This represents a $4.38 annualized dividend and a dividend yield of 10.90%. The ex-dividend date was Thursday, August 3rd. Nustar Energy L.P.’s dividend payout ratio (DPR) is presently 608.33%.

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.

Analyst Recommendations for Nustar Energy L.P. (NYSE:NS)

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