Tortoise Capital Advisors L.L.C. lifted its holdings in shares of NuStar Energy L.P. (NYSE:NS) by 33.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,554,040 shares of the pipeline company’s stock after purchasing an additional 2,640,278 shares during the period. NuStar Energy accounts for about 1.7% of Tortoise Capital Advisors L.L.C.’s portfolio, making the stock its 20th largest position. Tortoise Capital Advisors L.L.C. owned 9.79% of NuStar Energy worth $272,822,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in NS. Actinver Wealth Management Inc. lifted its stake in NuStar Energy by 12.7% in the fourth quarter. Actinver Wealth Management Inc. now owns 8,877 shares of the pipeline company’s stock valued at $229,000 after buying an additional 1,001 shares during the period. Stifel Financial Corp raised its position in shares of NuStar Energy by 7.3% during the fourth quarter. Stifel Financial Corp now owns 21,287 shares of the pipeline company’s stock worth $551,000 after purchasing an additional 1,445 shares during the period. Raymond James & Associates raised its position in shares of NuStar Energy by 4.9% during the fourth quarter. Raymond James & Associates now owns 36,844 shares of the pipeline company’s stock worth $952,000 after purchasing an additional 1,710 shares during the period. Cetera Advisor Networks LLC raised its position in shares of NuStar Energy by 23.3% during the fourth quarter. Cetera Advisor Networks LLC now owns 11,025 shares of the pipeline company’s stock worth $285,000 after purchasing an additional 2,081 shares during the period. Finally, Advisory Services Network LLC raised its position in shares of NuStar Energy by 280.6% during the fourth quarter. Advisory Services Network LLC now owns 3,007 shares of the pipeline company’s stock worth $78,000 after purchasing an additional 2,217 shares during the period. Institutional investors own 63.11% of the company’s stock.
Shares of NYSE:NS traded up $0.10 during mid-day trading on Thursday, reaching $8.26. 1,690,061 shares of the stock were exchanged, compared to its average volume of 1,241,528. The company has a quick ratio of 0.26, a current ratio of 0.28 and a debt-to-equity ratio of 2.88. The company has a market cap of $908.92 million, a P/E ratio of -3.59 and a beta of 1.63. NuStar Energy L.P. has a one year low of $4.98 and a one year high of $30.06. The stock’s 50 day simple moving average is $20.02 and its 200-day simple moving average is $25.85.
NuStar Energy (NYSE:NS) last posted its quarterly earnings data on Wednesday, February 5th. The pipeline company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. The business had revenue of $399.69 million during the quarter, compared to the consensus estimate of $421.01 million. NuStar Energy had a positive return on equity of 16.14% and a negative net margin of 6.46%. NuStar Energy’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share. Analysts anticipate that NuStar Energy L.P. will post 1.85 EPS for the current fiscal year.
In related news, CAO Mary Rose Brown purchased 6,645 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was purchased at an average cost of $6.02 per share, for a total transaction of $40,002.90. Following the completion of the purchase, the chief accounting officer now directly owns 186,758 shares in the company, valued at $1,124,283.16. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William E. Greehey bought 70,000 shares of NuStar Energy stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average price of $6.77 per share, with a total value of $473,900.00. Following the completion of the purchase, the director now directly owns 9,895,530 shares in the company, valued at approximately $66,992,738.10. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 84,645 shares of company stock valued at $610,043. Corporate insiders own 9.50% of the company’s stock.
A number of research firms have recently commented on NS. Citigroup raised NuStar Energy from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $29.00 to $16.00 in a research report on Wednesday, March 11th. ValuEngine lowered NuStar Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. US Capital Advisors upgraded NuStar Energy from a “hold” rating to an “overweight” rating in a report on Friday, March 13th. Finally, UBS Group decreased their price objective on NuStar Energy from $21.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $24.25.
NuStar Energy Profile
NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.
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