Atlantic Trust Group LLC increased its holdings in shares of Nustar Energy L.P. (NYSE:NS) by 25.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,437,051 shares of the pipeline company’s stock after purchasing an additional 288,205 shares during the quarter. Atlantic Trust Group LLC owned 1.54% of Nustar Energy worth $58,331,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of NS. Citigroup Inc. grew its position in Nustar Energy by 443.8% in the second quarter. Citigroup Inc. now owns 19,668 shares of the pipeline company’s stock valued at $918,000 after acquiring an additional 16,051 shares in the last quarter. Ameriprise Financial Inc. grew its position in Nustar Energy by 42.2% in the second quarter. Ameriprise Financial Inc. now owns 17,282 shares of the pipeline company’s stock valued at $806,000 after acquiring an additional 5,131 shares in the last quarter. Rockefeller Financial Services Inc. acquired a new stake in Nustar Energy in the third quarter valued at approximately $765,000. AlphaMark Advisors LLC grew its position in Nustar Energy by 9.3% in the second quarter. AlphaMark Advisors LLC now owns 5,898 shares of the pipeline company’s stock valued at $275,000 after acquiring an additional 500 shares in the last quarter. Finally, ING Groep NV grew its position in Nustar Energy by 95.8% in the third quarter. ING Groep NV now owns 494,512 shares of the pipeline company’s stock valued at $20,072,000 after acquiring an additional 242,000 shares in the last quarter. 57.57% of the stock is owned by hedge funds and other institutional investors.
Shares of Nustar Energy L.P. (NYSE:NS) traded up $0.36 on Friday, reaching $34.22. The company had a trading volume of 779,666 shares, compared to its average volume of 550,569. Nustar Energy L.P. has a 52-week low of $26.21 and a 52-week high of $55.64. The company has a market capitalization of $3,180.00, a PE ratio of 90.05 and a beta of 1.27. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.36 and a quick ratio of 0.33.
Nustar Energy (NYSE:NS) last posted its earnings results on Tuesday, November 7th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.12). The company had revenue of $440.60 million during the quarter, compared to the consensus estimate of $413.81 million. Nustar Energy had a net margin of 6.09% and a return on equity of 6.89%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 earnings per share. sell-side analysts predict that Nustar Energy L.P. will post 0.83 EPS for the current year.
Several analysts have issued reports on the stock. 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 set a $42.00 price target 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 price target for the company in a research report on Tuesday, December 5th. US Capital Advisors downgraded shares of Nustar Energy from an “overweight” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Wells Fargo & Co reissued a “market perform” rating and set a $37.00 price target (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. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $39.33.
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About Nustar Energy
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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