Adams Asset Advisors LLC Has $7,346,000 Position in NuStar Energy L.P. (NS)
Adams Asset Advisors LLC decreased its stake in NuStar Energy L.P. (NYSE:NS) by 0.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 148,174 shares of the company’s stock after selling 106 shares during the period. NuStar Energy L.P. accounts for approximately 1.0% of Adams Asset Advisors LLC’s portfolio, making the stock its 12th largest position. Adams Asset Advisors LLC owned approximately 0.19% of NuStar Energy L.P. worth $7,346,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of NS. Babson Capital Management LLC boosted its position in NuStar Energy L.P. by 2.6% in the first quarter. Babson Capital Management LLC now owns 43,200 shares of the company’s stock valued at $1,745,000 after buying an additional 1,100 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in NuStar Energy L.P. by 9,164.6% in the second quarter. BNP Paribas Arbitrage SA now owns 10,469 shares of the company’s stock valued at $521,000 after buying an additional 10,356 shares in the last quarter. Spirit of America Management Corp NY boosted its position in NuStar Energy L.P. by 193.0% in the second quarter. Spirit of America Management Corp NY now owns 194,201 shares of the company’s stock valued at $9,671,000 after buying an additional 127,930 shares in the last quarter. Hollencrest Securities LLC purchased a new position in NuStar Energy L.P. during the second quarter valued at approximately $1,121,000. Finally, Creative Planning boosted its position in NuStar Energy L.P. by 15.0% in the second quarter. Creative Planning now owns 29,492 shares of the company’s stock valued at $1,469,000 after buying an additional 3,843 shares in the last quarter.
NuStar Energy L.P. (NYSE:NS) traded down 1.00% on Monday, reaching $46.64. 263,455 shares of the company were exchanged. NuStar Energy L.P. has a 12-month low of $25.65 and a 12-month high of $53.47. The firm has a 50-day moving average of $46.97 and a 200 day moving average of $48.27. The firm has a market capitalization of $3.66 billion, a P/E ratio of 21.51 and a beta of 1.25.
NuStar Energy L.P. (NYSE:NS) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.02. The firm earned $441.40 million during the quarter, compared to analyst estimates of $454.25 million. The firm’s revenue was down 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. On average, equities analysts predict that NuStar Energy L.P. will post $2.15 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Tuesday, November 8th were paid a dividend of $1.095 per share. This represents a $4.38 annualized dividend and a dividend yield of 9.39%. The ex-dividend date was Friday, November 4th.
Several equities analysts have commented on NS shares. Credit Suisse Group AG cut shares of NuStar Energy L.P. from a “neutral” rating to an “underperform” rating and lifted their target price for the stock from $46.00 to $47.00 in a research report on Wednesday, August 3rd. Citigroup Inc. raised shares of NuStar Energy L.P. from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $51.00 to $52.00 in a research report on Friday, August 12th. FBR & Co started coverage on shares of NuStar Energy L.P. in a research report on Friday, September 9th. They set a “market perform” rating and a $48.00 target price on the stock. Stifel Nicolaus raised shares of NuStar Energy L.P. from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Tuesday, September 13th. They noted that the move was a valuation call. Finally, US Capital Advisors reaffirmed an “overweight” rating on shares of NuStar Energy L.P. in a report on Wednesday, September 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $48.36.
In other news, Director William E. Greehey purchased 1,991 shares of the business’s stock in a transaction dated Wednesday, September 28th. The stock was acquired at an average price of $47.00 per share, with a total value of $93,577.00. Following the purchase, the director now directly owns 3,031,981 shares of the company’s stock, valued at approximately $142,503,107. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
About NuStar Energy L.P.
NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminaling and storage of petroleum products, and the marketing of petroleum products. The Company’s operating 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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