GSA Capital Partners LLP grew its position in Nustar Energy L.P. (NYSE:NS) by 1,217.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,129 shares of the pipeline company’s stock after acquiring an additional 48,171 shares during the quarter. GSA Capital Partners LLP owned about 0.06% of Nustar Energy L.P. worth $2,431,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in NS. Tortoise Capital Advisors L.L.C. raised its stake in shares of Nustar Energy L.P. by 213,865.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 4,311,408 shares of the pipeline company’s stock valued at $201,041,000 after acquiring an additional 4,309,393 shares during the period. Alps Advisors Inc. increased its stake in Nustar Energy L.P. by 25.9% in the 2nd quarter. Alps Advisors Inc. now owns 5,772,723 shares of the pipeline company’s stock worth $269,182,000 after buying an additional 1,188,735 shares during the period. Eagle Global Advisors LLC increased its stake in Nustar Energy L.P. by 15,930.4% in the 2nd quarter. Eagle Global Advisors LLC now owns 1,043,580 shares of the pipeline company’s stock worth $48,662,000 after buying an additional 1,037,070 shares during the period. Bank of Montreal Can increased its stake in Nustar Energy L.P. by 281.7% in the 2nd quarter. Bank of Montreal Can now owns 1,019,173 shares of the pipeline company’s stock worth $47,524,000 after buying an additional 752,185 shares during the period. Finally, Clearbridge Investments LLC increased its stake in Nustar Energy L.P. by 29.1% in the 1st quarter. Clearbridge Investments LLC now owns 2,370,465 shares of the pipeline company’s stock worth $123,217,000 after buying an additional 534,570 shares during the period. 56.69% of the stock is currently owned by institutional investors and hedge funds.
In other Nustar Energy L.P. news, Director William E. Greehey purchased 43,101 shares of the business’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 completion of the purchase, the director now directly owns 3,497,763 shares of the company’s stock, valued at $135,328,450.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jesse D. Bates purchased 1,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were acquired at an average price of $43.34 per share, for a total transaction of $43,340.00. Following the completion of the purchase, the director now directly owns 7,818 shares of the company’s stock, valued at $338,832.12. The disclosure for this purchase can be found here. Insiders have acquired 101,000 shares of company stock worth $4,070,288 over the last quarter. Insiders own 4.10% of the company’s stock.
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Nustar Energy L.P. (NYSE:NS) last issued its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.28). The business had revenue of $435.49 million for the quarter, compared to analysts’ expectations of $500.83 million. Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share.
Several research analysts recently commented on NS shares. Zacks Investment Research downgraded shares of Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 27th. Wells Fargo & Company downgraded shares of Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $46.00 price target on shares of Nustar Energy L.P. in a research note on Friday, June 30th. BidaskClub downgraded shares of Nustar Energy L.P. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, ValuEngine downgraded shares of Nustar Energy L.P. from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $51.00.
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.
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