SG Americas Securities LLC boosted its position in Nustar Energy L.P. (NYSE:NS) by 0.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,406 shares of the pipeline company’s stock after buying an additional 346 shares during the period. SG Americas Securities LLC owned 0.06% of Nustar Energy L.P. worth $2,584,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. boosted 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 worth $201,041,000 after buying an additional 4,309,393 shares during the period. Center Coast Capital Advisors LP boosted its stake in Nustar Energy L.P. by 0.3% in the second quarter. Center Coast Capital Advisors LP now owns 4,147,643 shares of the pipeline company’s stock valued at $193,405,000 after buying an additional 13,566 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Nustar Energy L.P. by 3.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,242,053 shares of the pipeline company’s stock valued at $168,522,000 after buying an additional 118,760 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Nustar Energy L.P. by 29.1% in the first quarter. Clearbridge Investments LLC now owns 2,370,465 shares of the pipeline company’s stock valued at $123,217,000 after buying an additional 534,570 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Nustar Energy L.P. by 10.5% in the first quarter. Morgan Stanley now owns 1,922,620 shares of the pipeline company’s stock valued at $99,938,000 after buying an additional 182,223 shares during the last quarter. Institutional investors and hedge funds own 54.13% of the company’s stock.

Nustar Energy L.P. (NYSE:NS) opened at 38.64 on Thursday. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 53.08 and a beta of 1.38. The firm has a 50-day moving average of $43.58 and a 200-day moving average of $47.49. Nustar Energy L.P. has a 52 week low of $37.30 and a 52 week high of $55.64.

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 for the quarter, missing the Thomson Reuters’ consensus estimate 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 company earned $0.52 earnings per share. Nustar Energy L.P.’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts forecast that Nustar Energy L.P. will post $1.19 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, August 7th were issued a $1.095 dividend. This represents a $4.38 annualized dividend and a yield of 11.34%. The ex-dividend date was Thursday, August 3rd. Nustar Energy L.P.’s dividend payout ratio (DPR) is 608.33%.

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Several equities research analysts have weighed in on NS shares. Zacks Investment Research cut shares of Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Wells Fargo & Company cut shares of Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Stifel Nicolaus restated a “hold” rating and issued a $46.00 price objective on shares of Nustar Energy L.P. in a research report on Friday, June 30th. BidaskClub cut shares of Nustar Energy L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. 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 research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Nustar Energy L.P. currently has an average rating of “Hold” and an average target price of $51.00.

In related news, Director William E. Greehey bought 50,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were acquired at an average cost of $41.86 per share, with a total value of $2,093,000.00. Following the completion of the acquisition, the director now owns 3,421,776 shares of the company’s stock, valued at approximately $143,235,543.36. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jesse D. Bates bought 1,000 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was bought at an average cost of $42.81 per share, for a total transaction of $42,810.00. Following the completion of the acquisition, the director now directly owns 7,818 shares of the company’s stock, valued at approximately $334,688.58. The disclosure for this purchase can be found here. Insiders acquired 52,000 shares of company stock worth $2,179,150 over the last three months. Corporate insiders own 4.10% of the company’s stock.

Nustar Energy L.P. Company 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.

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

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