Stifel Financial Corp Raises Stake in Nustar Energy L.P. (NS)

Stifel Financial Corp boosted its stake in shares of Nustar Energy L.P. (NYSE:NS) by 22.1% during the first quarter, Holdings Channel reports. The institutional investor owned 21,124 shares of the pipeline company’s stock after buying an additional 3,829 shares during the period. Stifel Financial Corp’s holdings in Nustar Energy L.P. were worth $1,097,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NS. McQueen Ball & Associates Inc. raised its stake in Nustar Energy L.P. by 2.0% in the first quarter. McQueen Ball & Associates Inc. now owns 5,239 shares of the pipeline company’s stock valued at $272,000 after buying an additional 104 shares in the last quarter. Sigma Planning Corp purchased a new stake in Nustar Energy L.P. during the first quarter valued at $206,000. WealthTrust Arizona LLC raised its stake in Nustar Energy L.P. by 2.4% in the first quarter. WealthTrust Arizona LLC now owns 17,035 shares of the pipeline company’s stock valued at $885,000 after buying an additional 398 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Nustar Energy L.P. by 313.3% in the first quarter. Janney Montgomery Scott LLC now owns 31,689 shares of the pipeline company’s stock valued at $1,647,000 after buying an additional 24,021 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in Nustar Energy L.P. by 61.2% in the fourth quarter. GSA Capital Partners LLP now owns 20,392 shares of the pipeline company’s stock valued at $1,016,000 after buying an additional 7,741 shares in the last quarter. Institutional investors own 45.39% of the company’s stock.

Institutional Ownership by Quarter for Nustar Energy L.P. (NYSE:NS)

Nustar Energy L.P. (NYSE:NS) opened at 44.51 on Tuesday. The stock has a market cap of $4.14 billion, a PE ratio of 36.45 and a beta of 1.39. Nustar Energy L.P. has a 52 week low of $43.41 and a 52 week high of $55.64. The firm’s 50-day moving average price is $45.97 and its 200-day moving average price is $49.88.

Nustar Energy L.P. (NYSE:NS) last announced its earnings results on Monday, April 24th. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.03. The company had revenue of $487.40 million for the quarter, compared to the consensus estimate of $461.85 million. Nustar Energy L.P. had a net margin of 8.19% and a return on equity of 10.56%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. Equities analysts predict that Nustar Energy L.P. will post $1.87 earnings per share for the current fiscal year.

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Several equities research analysts recently weighed in on NS shares. Wells Fargo & Co upgraded Nustar Energy L.P. from a “market perform” rating to an “outperform” rating in a research report on Friday, April 21st. Stifel Nicolaus dropped their price target on Nustar Energy L.P. from $52.00 to $46.00 and set a “hold” rating on the stock in a research report on Tuesday, April 25th. BidaskClub upgraded Nustar Energy L.P. from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Macquarie started coverage on Nustar Energy L.P. in a research report on Friday, April 21st. They set a “neutral” rating and a $47.00 price target on the stock. Finally, Credit Suisse Group upgraded Nustar Energy L.P. from an “underperform” rating to a “neutral” rating in a research report on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $50.40.

In related news, Director William E. Greehey bought 323,600 shares of the company’s stock in a transaction on Wednesday, April 12th. The shares were acquired at an average price of $46.35 per share, with a total value of $14,998,860.00. Following the transaction, the director now owns 3,397,763 shares of the company’s stock, valued at $157,486,315.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William Grady Rosier bought 5,000 shares of the company’s stock in a transaction on Friday, May 19th. The shares were bought at an average cost of $46.40 per share, for a total transaction of $232,000.00. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by company insiders.

About Nustar Energy L.P.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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