Adams Asset Advisors LLC lowered its position in shares of NuStar Energy L.P. (NYSE:NS) by 0.1% during the third quarter, Holdings Channel reports. The institutional investor owned 148,174 shares of the company’s stock after selling 106 shares during the period. NuStar Energy L.P. makes up approximately 1.0% of Adams Asset Advisors LLC’s portfolio, making the stock its 12th largest position. Adams Asset Advisors LLC’s holdings in NuStar Energy L.P. were worth $7,346,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of NS. Cullen Frost Bankers Inc. increased its position 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 worth $429,000 after buying an additional 120 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position 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 worth $399,000 after buying an additional 185 shares in the last quarter. Advisory Research Inc. increased its position 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 worth $334,000 after buying an additional 210 shares in the last quarter. Alliancebernstein L.P. increased its position in NuStar Energy L.P. by 2.4% in the second quarter. Alliancebernstein L.P. now owns 11,107 shares of the company’s stock worth $553,000 after buying an additional 258 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in NuStar Energy L.P. by 6.2% in the second quarter. HighTower Advisors LLC now owns 6,979 shares of the company’s stock worth $347,000 after buying an additional 410 shares in the last quarter.
NuStar Energy L.P. (NYSE:NS) traded down 1.00% during trading on Monday, reaching $46.64. The company’s stock had a trading volume of 263,455 shares. NuStar Energy L.P. has a 52-week low of $25.65 and a 52-week high of $53.47. The stock’s 50-day moving average is $46.97 and its 200 day moving average is $48.27. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 21.51 and a beta of 1.25.
NuStar Energy L.P. (NYSE:NS) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.02. The business earned $441.40 million during the quarter, compared to analysts’ expectations of $454.25 million. The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. On average, analysts predict that NuStar Energy L.P. will post $2.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Tuesday, November 8th were paid a $1.095 dividend. The ex-dividend date was Friday, November 4th. This represents a $4.38 annualized dividend and a yield of 9.39%.
A number of research analysts have recently commented on the stock. Credit Suisse Group AG set a $48.00 price objective on shares of NuStar Energy L.P. and gave the company a “sell” rating in a research note on Sunday, November 20th. US Capital Advisors reaffirmed an “overweight” rating on shares of NuStar Energy L.P. in a research note on Wednesday, September 21st. Piper Jaffray Cos. raised shares of NuStar Energy L.P. from a “neutral” rating to an “overweight” rating and set a $50.00 price objective for the company in a research note on Tuesday, November 8th. TheStreet cut NuStar Energy L.P. from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Finally, Mizuho initiated coverage on NuStar Energy L.P. in a report on Thursday, September 29th. They set a “neutral” rating and a $50.00 target price for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.36.
In other NuStar Energy L.P. news, Director William E. Greehey acquired 1,991 shares of the company’s stock in a transaction on Wednesday, September 28th. The shares were purchased at an average price of $47.00 per share, for a total transaction of $93,577.00. Following the completion of the purchase, the director now directly owns 3,031,981 shares of the company’s stock, valued at $142,503,107. The transaction was disclosed in a document filed with the SEC, which is available through this link.
About NuStar Energy L.P.
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.