Keybank National Association OH lifted its holdings in shares of Nustar Energy L.P. (NYSE:NS) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,777 shares of the pipeline company’s stock after buying an additional 102 shares during the period. Keybank National Association OH’s holdings in Nustar Energy L.P. were worth $316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Penserra Capital Management LLC lifted its position in Nustar Energy L.P. by 210.2% in the second quarter. Penserra Capital Management LLC now owns 3,617 shares of the pipeline company’s stock valued at $168,000 after purchasing an additional 2,451 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Nustar Energy L.P. in the second quarter valued at about $746,000. Kayne Anderson Capital Advisors LP lifted its position in Nustar Energy L.P. by 72.4% in the second quarter. Kayne Anderson Capital Advisors LP now owns 958,200 shares of the pipeline company’s stock valued at $44,675,000 after purchasing an additional 402,500 shares during the period. Ballentine Partners LLC acquired a new stake in Nustar Energy L.P. in the second quarter valued at about $507,000. Finally, West Family Investments Inc. lifted its position in Nustar Energy L.P. by 1.4% in the second quarter. West Family Investments Inc. now owns 71,406 shares of the pipeline company’s stock valued at $3,330,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 56.73% of the company’s stock.

Shares of Nustar Energy L.P. (NS) opened at 41.33 on Thursday. The firm has a market capitalization of $3.84 billion, a P/E ratio of 56.77 and a beta of 1.40. The stock’s 50 day moving average is $40.90 and its 200-day moving average is $46.14. 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 posted its earnings results on Friday, July 28th. The pipeline company reported $0.05 EPS for the quarter, missing the 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 the consensus estimate of $500.83 million. During the same quarter last year, the company posted $0.52 EPS. Nustar Energy L.P.’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts forecast that Nustar Energy L.P. will post $1.19 earnings per share for the current fiscal year.

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A number of brokerages recently commented on NS. 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 Thursday, August 3rd. Zacks Investment Research downgraded shares of Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a research report on Monday, August 7th. BidaskClub downgraded shares of Nustar Energy L.P. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. ValuEngine downgraded shares of Nustar Energy L.P. from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, UBS AG restated a “buy” rating and issued a $53.00 price objective (down previously from $56.00) on shares of Nustar Energy L.P. in a research report on Monday, July 31st. Three equities research 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 stock currently has a consensus rating of “Hold” and a consensus price target of $51.00.

In related news, Director Jesse D. Bates purchased 1,000 shares of Nustar Energy L.P. stock in a transaction dated Tuesday, August 1st. The stock was bought at an average cost of $43.34 per share, with a total value of $43,340.00. Following the purchase, the director now owns 7,818 shares in the company, valued at approximately $338,832.12. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director William E. Greehey purchased 6,899 shares of Nustar Energy L.P. stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average cost of $38.61 per share, with a total value of $266,370.39. Following the completion of the purchase, the director now owns 3,454,662 shares in the company, valued at approximately $133,384,499.82. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 102,000 shares of company stock valued at $4,113,098. 4.10% of the stock is owned by 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.

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

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