Nustar Energy L.P. (NS) Holdings Held by Chemical Bank

Chemical Bank held its stake in Nustar Energy L.P. (NYSE:NS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,175 shares of the pipeline company’s stock at the close of the 2nd quarter. Chemical Bank’s holdings in Nustar Energy L.P. were worth $381,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ffcm LLC grew its holdings in shares of Nustar Energy L.P. by 230.9% during the second quarter. Ffcm LLC now owns 2,412 shares of the pipeline company’s stock valued at $115,000 after buying an additional 1,683 shares during the last quarter. Botty Investors LLC purchased a new stake in shares of Nustar Energy L.P. during the second quarter valued at approximately $127,000. Winslow Evans & Crocker Inc. grew its holdings in shares of Nustar Energy L.P. by 708.0% during the second quarter. Winslow Evans & Crocker Inc. now owns 3,232 shares of the pipeline company’s stock valued at $158,000 after buying an additional 2,832 shares during the last quarter. Penserra Capital Management LLC grew its holdings in shares of Nustar Energy L.P. by 210.2% during the second quarter. Penserra Capital Management LLC now owns 3,617 shares of the pipeline company’s stock valued at $168,000 after buying an additional 2,451 shares during the last quarter. Finally, Sigma Planning Corp grew its holdings in shares of Nustar Energy L.P. by 21.9% during the second quarter. Sigma Planning Corp now owns 4,830 shares of the pipeline company’s stock valued at $225,000 after buying an additional 868 shares during the last quarter. Institutional investors and hedge funds own 56.73% of the company’s stock.

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A number of equities research analysts have recently commented on the stock. Wells Fargo & Company cut shares of Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. Zacks Investment Research upgraded shares of Nustar Energy L.P. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub cut shares of Nustar Energy L.P. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Stifel Nicolaus reiterated a “hold” rating and set a $46.00 price target on shares of Nustar Energy L.P. in a report on Friday, June 30th. Finally, UBS AG reiterated a “buy” rating and set a $53.00 price target (down previously from $56.00) on shares of Nustar Energy L.P. in a report on Monday, July 31st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $51.00.

In related news, Director Jesse D. Bates bought 1,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were bought at an average price of $43.34 per share, with a total value of $43,340.00. Following the transaction, the director now owns 7,818 shares in the company, valued at $338,832.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William E. Greehey bought 43,101 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were bought at an average cost of $38.69 per share, for a total transaction of $1,667,577.69. Following the transaction, the director now owns 3,497,763 shares in the company, valued at approximately $135,328,450.47. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 102,000 shares of company stock worth $4,113,098. 4.10% of the stock is owned by insiders.

Nustar Energy L.P. (NYSE:NS) opened at 40.66 on Friday. The company’s 50-day moving average is $40.48 and its 200-day moving average is $45.99. The company has a market cap of $3.78 billion, a P/E ratio of 55.85 and a beta of 1.40. Nustar Energy L.P. has a 12 month low of $37.30 and a 12 month high of $55.64.

Nustar Energy L.P. (NYSE:NS) last issued its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.28). Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. The firm had revenue of $435.49 million during the quarter, compared to analysts’ expectations of $500.83 million. During the same period in the previous year, the firm earned $0.52 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, equities research analysts expect that Nustar Energy L.P. will post $1.19 EPS for the current fiscal year.

Nustar Energy L.P. Profile

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.

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

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