JPMorgan Chase & Co. boosted its position in Nustar Energy L.P. (NYSE:NS) by 16.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,760,994 shares of the pipeline company’s stock after buying an additional 248,106 shares during the quarter. JPMorgan Chase & Co. owned 1.89% of Nustar Energy worth $70,863,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in shares of Nustar Energy by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock worth $112,000 after purchasing an additional 163 shares during the last quarter. Ffcm LLC increased its position in shares of Nustar Energy by 230.9% in the 2nd quarter. Ffcm LLC now owns 2,412 shares of the pipeline company’s stock worth $115,000 after purchasing an additional 1,683 shares during the last quarter. Botty Investors LLC bought a new stake in shares of Nustar Energy in the 2nd quarter worth about $127,000. Penserra Capital Management LLC increased its position in shares of Nustar Energy by 210.2% in the 2nd quarter. Penserra Capital Management LLC now owns 3,617 shares of the pipeline company’s stock worth $168,000 after purchasing an additional 2,451 shares during the last quarter. Finally, BNP Paribas Arbitrage SA bought a new stake in shares of Nustar Energy in the 3rd quarter worth about $217,000. Hedge funds and other institutional investors own 57.59% of the company’s stock.
Shares of Nustar Energy L.P. (NYSE NS) traded down $0.57 during trading hours on Thursday, hitting $29.24. 482,800 shares of the company were exchanged, compared to its average volume of 382,904. 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 L.P. has a twelve month low of $26.21 and a twelve month high of $55.64. The company has a market cap of $2,773.31, a P/E ratio of 78.45 and a beta of 1.27.
Nustar Energy (NYSE:NS) last announced its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.12). Nustar Energy had a net margin of 6.09% and a return on equity of 6.89%. The business had revenue of $440.60 million for the quarter, compared to the consensus estimate of $413.81 million. During the same period in the prior year, the company earned $0.49 EPS. Nustar Energy’s quarterly revenue was down .2% on a year-over-year basis. analysts expect that Nustar Energy L.P. will post 0.84 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Thursday, November 9th were given a $1.095 dividend. This represents a $4.38 annualized dividend and a yield of 14.98%. The ex-dividend date of this dividend was Wednesday, November 8th. Nustar Energy’s dividend payout ratio (DPR) is 1,152.66%.
Several research firms have recently weighed in on NS. Zacks Investment Research raised shares of Nustar Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Stifel Nicolaus reissued a “hold” rating and issued a $42.00 target price on shares of Nustar Energy in a research report on Thursday, October 12th. Citigroup raised shares of Nustar Energy from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Tuesday. BidaskClub raised shares of Nustar Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $37.00 price objective (down previously from $42.00) on shares of Nustar Energy in a research report on Thursday, November 9th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.38.
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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