Cullen Frost Bankers Inc. boosted its stake in Nustar Energy L.P. (NYSE:NS) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 7,718 shares of the pipeline company’s stock after buying an additional 150 shares during the period. Cullen Frost Bankers Inc.’s holdings in Nustar Energy L.P. were worth $360,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NS. Creative Planning boosted its position in shares of Nustar Energy L.P. by 37.2% in the first quarter. Creative Planning now owns 45,564 shares of the pipeline company’s stock valued at $2,368,000 after buying an additional 12,361 shares during the period. WealthTrust Arizona LLC boosted its position in shares of 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 during the period. Hollencrest Securities LLC purchased a new position in shares of Nustar Energy L.P. during the first quarter valued at about $946,000. Sigma Planning Corp purchased a new position in shares of Nustar Energy L.P. during the first quarter valued at about $206,000. Finally, IFC Holdings Incorporated FL boosted its position in shares of Nustar Energy L.P. by 21.5% in the first quarter. IFC Holdings Incorporated FL now owns 7,946 shares of the pipeline company’s stock valued at $411,000 after buying an additional 1,407 shares during the period. 52.47% of the stock is currently owned by institutional investors.

Shares of Nustar Energy L.P. (NYSE:NS) opened at 41.15 on Wednesday. The firm’s 50-day moving average price is $45.46 and its 200-day moving average price is $48.89. Nustar Energy L.P. has a 12-month low of $41.06 and a 12-month high of $55.64. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 57.88 and a beta of 1.38.

Nustar Energy L.P. (NYSE:NS) last posted its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.28. The business had revenue of $435.49 million during the quarter, compared to analyst estimates of $500.83 million. Nustar Energy L.P. had a return on equity of 8.84% and a net margin of 6.77%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. On average, analysts forecast that Nustar Energy L.P. will post $1.26 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Monday, August 7th will be paid a $1.095 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $4.38 annualized dividend and a dividend yield of 10.64%. Nustar Energy L.P.’s dividend payout ratio (DPR) is 608.33%.

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NS has been the topic of several research analyst reports. Credit Suisse Group raised Nustar Energy L.P. from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 13th. FBR & Co reissued a “hold” rating on shares of Nustar Energy L.P. in a research note on Wednesday, April 12th. Stifel Nicolaus reissued a “hold” rating and issued a $52.00 price objective on shares of Nustar Energy L.P. in a research note on Monday, April 17th. Wells Fargo & Company raised Nustar Energy L.P. from a “market perform” rating to an “outperform” rating in a research note on Friday, April 21st. Finally, Macquarie initiated coverage on Nustar Energy L.P. in a research note on Friday, April 21st. They issued a “neutral” rating and a $47.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $51.00.

In other news, Director Jesse D. Bates bought 1,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was purchased 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 owns 7,818 shares in the company, valued at approximately $338,832.12. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William Grady Rosier bought 5,000 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were purchased at an average price of $46.40 per share, with a total value of $232,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 7,000 shares of company stock valued at $318,150. Insiders own 4.10% of the company’s stock.

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

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