Trade Report: Today, Global X Management Co. LLC invests in NuStar Energy L.P. (NS) Shares

Today, Global X Management Co. LLC invests in NuStar Energy L.P. (NS) Shares

Global X Management Co. LLC increased its stake in shares of NuStar Energy L.P. (NYSE:NS) by 6.2% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 252,716 shares of the company’s stock after buying an additional 14,707 shares during the period. Global X Management Co. LLC owned approximately 0.32% of NuStar Energy L.P. worth $12,530,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Commerce Bank boosted its stake in NuStar Energy L.P. by 0.5% in the third quarter. Commerce Bank now owns 15,956 shares of the company’s stock valued at $791,000 after buying an additional 85 shares during the period. Cullen Frost Bankers Inc. boosted its stake in NuStar Energy L.P. by 1.4% in the second quarter. Cullen Frost Bankers Inc. now owns 8,611 shares of the company’s stock valued at $429,000 after buying an additional 120 shares during the period. Sheaff Brock Investment Advisors LLC boosted its stake in NuStar Energy L.P. by 2.4% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 8,010 shares of the company’s stock valued at $399,000 after buying an additional 185 shares during the period. Advisory Research Inc. boosted its stake in NuStar Energy L.P. by 3.2% in the second quarter. Advisory Research Inc. now owns 6,715 shares of the company’s stock valued at $334,000 after buying an additional 210 shares during the period. Finally, WealthTrust Arizona LLC boosted its stake in NuStar Energy L.P. by 1.5% in the third quarter. WealthTrust Arizona LLC now owns 14,971 shares of the company’s stock valued at $742,000 after buying an additional 225 shares during the period.

Shares of NuStar Energy L.P. (NYSE:NS) opened at 47.78 on Friday. The stock has a market capitalization of $3.75 billion, a P/E ratio of 22.04 and a beta of 1.25. The stock’s 50 day moving average is $47.00 and its 200-day moving average is $48.26. NuStar Energy L.P. has a one year low of $25.65 and a one year high of $53.47.

NuStar Energy L.P. (NYSE:NS) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.02. The company had revenue of $441.40 million for the quarter, compared to analyst estimates of $454.25 million. The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. On average, equities research analysts expect that NuStar Energy L.P. will post $2.15 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Tuesday, November 8th were issued a $1.095 dividend. This represents a $4.38 annualized dividend and a yield of 9.17%. The ex-dividend date of this dividend was Friday, November 4th.

NS has been the subject of a number of research analyst reports. Credit Suisse Group AG set a $48.00 price target on shares of NuStar Energy L.P. and gave the company a “sell” rating in a report on Sunday, November 20th. TheStreet downgraded shares of NuStar Energy L.P. from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Piper Jaffray Cos. upgraded shares of NuStar Energy L.P. from a “neutral” rating to an “overweight” rating and set a $50.00 price target for the company in a report on Tuesday, November 8th. Mizuho initiated coverage on shares of NuStar Energy L.P. in a report on Thursday, September 29th. They issued a “neutral” rating and a $50.00 price target for the company. Finally, Stifel Nicolaus upgraded shares of NuStar Energy L.P. from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Tuesday, September 13th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.36.

In other NuStar Energy L.P. news, Director William E. Greehey purchased 1,991 shares of the business’s stock in a transaction on Wednesday, September 28th. The stock was bought at an average cost of $47.00 per share, with a total value of $93,577.00. Following the acquisition, the director now owns 3,031,981 shares of the company’s stock, valued at $142,503,107. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NuStar Energy L.P. Company Profile

NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminaling and storage of petroleum products, and the marketing of petroleum products. The Company’s operating segments include pipeline, storage and fuels marketing. The pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia.

Receive News & Ratings for NuStar Energy L.P. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NuStar Energy L.P. and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment