Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in NuStar Energy L.P. (NYSE:NS) by 126.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,700 shares of the pipeline company’s stock after purchasing an additional 1,508 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in NuStar Energy were worth $76,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in NuStar Energy by 15,258.6% in the second quarter. Invesco Ltd. now owns 13,106,685 shares of the pipeline company’s stock valued at $355,715,000 after acquiring an additional 13,021,347 shares during the period. Tortoise Capital Advisors L.L.C. boosted its stake in shares of NuStar Energy by 43.8% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,804,003 shares of the pipeline company’s stock worth $157,521,000 after buying an additional 1,768,331 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of NuStar Energy by 151.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 777,587 shares of the pipeline company’s stock worth $20,629,000 after buying an additional 468,940 shares during the last quarter. Morgan Stanley boosted its stake in shares of NuStar Energy by 17.9% in the 2nd quarter. Morgan Stanley now owns 775,468 shares of the pipeline company’s stock worth $21,046,000 after buying an additional 117,530 shares during the last quarter. Finally, Infrastructure Capital Advisors LLC boosted its stake in shares of NuStar Energy by 28.2% in the 2nd quarter. Infrastructure Capital Advisors LLC now owns 505,362 shares of the pipeline company’s stock worth $13,953,000 after buying an additional 111,083 shares during the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.
NuStar Energy stock opened at $27.82 on Friday. The stock has a market cap of $2.98 billion, a P/E ratio of 51.19, a PEG ratio of 14.90 and a beta of 1.55. NuStar Energy L.P. has a fifty-two week low of $19.81 and a fifty-two week high of $30.06. The firm’s fifty day moving average price is $27.89 and its 200-day moving average price is $27.53. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.40 and a current ratio of 1.43.
NuStar Energy (NYSE:NS) last released its quarterly earnings results on Thursday, August 8th. The pipeline company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). NuStar Energy had a positive return on equity of 31.79% and a negative net margin of 9.77%. The firm had revenue of $372.45 million during the quarter, compared to the consensus estimate of $474.77 million. During the same period in the previous year, the company posted $0.15 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. Sell-side analysts predict that NuStar Energy L.P. will post 1.86 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. Mizuho assumed coverage on shares of NuStar Energy in a report on Friday, August 2nd. They set a “neutral” rating and a $32.00 target price on the stock. ValuEngine cut shares of NuStar Energy from a “hold” rating to a “sell” rating in a report on Thursday, September 12th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. NuStar Energy currently has a consensus rating of “Hold” and a consensus price target of $28.60.
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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