Separately, Zacks Investment Research lowered shares of NuStar Energy from a buy rating to a hold rating and set a $30.00 price target for the company. in a research note on Tuesday, November 19th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. NuStar Energy has a consensus rating of Hold and a consensus price target of $29.25.
Shares of NS traded up $0.16 during trading hours on Tuesday, hitting $28.29. The stock had a trading volume of 269,633 shares, compared to its average volume of 457,124. NuStar Energy has a 1-year low of $19.81 and a 1-year high of $30.06. The firm has a market capitalization of $3.04 billion, a P/E ratio of 42.22, a price-to-earnings-growth ratio of 15.77 and a beta of 1.58. The firm has a 50 day simple moving average of $28.37 and a 200-day simple moving average of $27.79. The company has a debt-to-equity ratio of 2.86, a current ratio of 0.26 and a quick ratio of 0.24.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 8th were issued a $0.60 dividend. The ex-dividend date was Thursday, November 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.48%. NuStar Energy’s dividend payout ratio is presently 358.21%.
In other NuStar Energy news, Director William E. Greehey purchased 527,426 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average price of $28.44 per share, with a total value of $14,999,995.44. Following the transaction, the director now owns 9,646,530 shares in the company, valued at $274,347,313.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.90% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of NS. Invesco Ltd. raised its stake in shares of NuStar Energy by 15,258.6% in the second quarter. Invesco Ltd. now owns 13,106,685 shares of the pipeline company’s stock worth $355,715,000 after purchasing an additional 13,021,347 shares during the last quarter. Alps Advisors Inc. raised its position in NuStar Energy by 37.9% in the 3rd quarter. Alps Advisors Inc. now owns 11,812,243 shares of the pipeline company’s stock valued at $334,523,000 after buying an additional 3,244,972 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in NuStar Energy by 43.8% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,804,003 shares of the pipeline company’s stock valued at $157,521,000 after acquiring an additional 1,768,331 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in NuStar Energy by 151.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 777,587 shares of the pipeline company’s stock valued at $20,629,000 after acquiring an additional 468,940 shares in the last quarter. Finally, Morgan Stanley lifted its stake in NuStar Energy by 17.9% during the 2nd quarter. Morgan Stanley now owns 775,468 shares of the pipeline company’s stock valued at $21,046,000 after acquiring an additional 117,530 shares in the last quarter. 64.47% of the stock is owned by hedge funds and other institutional investors.
NuStar Energy Company 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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