Sheaff Brock Investment Advisors LLC purchased a new position in shares of NuStar Energy L.P. (NYSE:NS) during the third quarter, Holdings Channel reports. The institutional investor purchased 9,330 shares of the pipeline company’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NS. Prospera Financial Services Inc acquired a new stake in NuStar Energy during the third quarter worth $216,000. Chemical Bank acquired a new stake in NuStar Energy during the third quarter worth $218,000. Cambridge Investment Research Advisors Inc. acquired a new stake in NuStar Energy during the third quarter worth $229,000. HRT Financial LLC acquired a new stake in NuStar Energy during the second quarter worth $279,000. Finally, McQueen Ball & Associates Inc. acquired a new stake in NuStar Energy during the third quarter worth $312,000. Hedge funds and other institutional investors own 55.57% of the company’s stock.

NuStar Energy stock opened at $23.70 on Wednesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.87 and a quick ratio of 0.79. NuStar Energy L.P. has a 12-month low of $19.22 and a 12-month high of $35.91. The stock has a market capitalization of $2.58 billion, a P/E ratio of 37.03 and a beta of 1.73.

NuStar Energy (NYSE:NS) last released its quarterly earnings results on Monday, November 5th. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. NuStar Energy had a return on equity of 32.29% and a net margin of 12.03%. The business had revenue of $490.40 million during the quarter, compared to analysts’ expectations of $472.87 million. During the same period in the previous year, the business posted $0.15 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, sell-side analysts predict that NuStar Energy L.P. will post 1.56 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Thursday, November 8th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, November 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 10.13%. NuStar Energy’s dividend payout ratio is 375.00%.

NS has been the topic of several recent analyst reports. Barclays boosted their target price on shares of NuStar Energy from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 8th. ValuEngine downgraded shares of NuStar Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Stifel Nicolaus boosted their target price on shares of NuStar Energy from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of NuStar Energy from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 24th. Finally, Citigroup boosted their target price on shares of NuStar Energy from $22.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $26.88.

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NuStar Energy Profile

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in Texas. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.

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Institutional Ownership by Quarter for NuStar Energy (NYSE:NS)

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