NuStar Energy L.P. (NYSE:NS) Director William E. Greehey purchased 20,000 shares of the company’s stock in a transaction dated Monday, November 28th. The shares were acquired at an average price of $46.74 per share, for a total transaction of $934,800.00. Following the purchase, the director now directly owns 3,054,163 shares in the company, valued at $142,751,578.62. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NuStar Energy L.P. (NYSE:NS) traded up 3.40% during mid-day trading on Wednesday, hitting $47.74. 495,324 shares of the stock were exchanged. The stock has a market cap of $3.75 billion, a PE ratio of 22.02 and a beta of 1.25. The stock’s 50 day moving average is $46.87 and its 200 day moving average is $48.27. NuStar Energy L.P. has a 52-week low of $25.65 and a 52-week high of $53.47.

NuStar Energy L.P. (NYSE:NS) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.02. The company had revenue of $441.40 million for the quarter, compared to analysts’ expectations of $454.25 million. During the same quarter in the previous year, the business earned $0.68 earnings per share. The business’s quarterly revenue was down 10.6% compared to the same quarter last year. Analysts forecast that NuStar Energy L.P. will post $2.15 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for NuStar Energy L.P. (NYSE:NS)

The company also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Tuesday, November 8th were issued a dividend of $1.095 per share. This represents a $4.38 dividend on an annualized basis and a yield of 9.17%. The ex-dividend date was Friday, November 4th.

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Hedge funds have recently made changes to their positions in the company. Prospera Financial Services Inc increased its stake in shares of NuStar Energy L.P. by 7.5% in the second quarter. Prospera Financial Services Inc now owns 44,515 shares of the company’s stock worth $2,217,000 after buying an additional 3,100 shares during the period. Douglass Winthrop Advisors LLC purchased a new stake in shares of NuStar Energy L.P. during the second quarter worth about $206,000. Harvest Fund Advisors LLC increased its stake in shares of NuStar Energy L.P. by 33.1% in the second quarter. Harvest Fund Advisors LLC now owns 3,757,599 shares of the company’s stock worth $187,128,000 after buying an additional 933,919 shares during the period. Bank of New York Mellon Corp increased its stake in shares of NuStar Energy L.P. by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 65,748 shares of the company’s stock worth $3,275,000 after buying an additional 646 shares during the period. Finally, Creative Planning increased its stake in shares of NuStar Energy L.P. by 15.3% in the third quarter. Creative Planning now owns 34,004 shares of the company’s stock worth $1,686,000 after buying an additional 4,512 shares during the period.

Several brokerages have recently weighed in on NS. Zacks Investment Research upgraded shares of NuStar Energy L.P. from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, October 4th. Credit Suisse Group AG cut shares of NuStar Energy L.P. from a “neutral” rating to an “underperform” rating and lifted their price target for the stock from $46.00 to $47.00 in a research note on Wednesday, August 3rd. Mizuho initiated coverage on shares of NuStar Energy L.P. in a research note on Thursday, September 29th. They set a “neutral” rating and a $50.00 price target on the stock. Citigroup Inc. upgraded shares of NuStar Energy L.P. from a “neutral” rating to a “buy” rating and lifted their target price for the company from $51.00 to $52.00 in a research note on Friday, August 12th. Finally, FBR & Co initiated coverage on shares of NuStar Energy L.P. in a research note on Friday, September 9th. They set a “market perform” rating and a $48.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $48.36.

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.

5 Day Chart for NYSE:NS

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