Cincinnati Insurance Co. held its stake in shares of Nustar Energy L.P. (NYSE:NS) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,475 shares of the pipeline company’s stock at the end of the second quarter. Cincinnati Insurance Co.’s holdings in Nustar Energy L.P. were worth $1,747,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Botty Investors LLC bought a new stake in shares of Nustar Energy L.P. during the second quarter worth $127,000. Winslow Evans & Crocker Inc. boosted its stake in shares of Nustar Energy L.P. by 708.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,232 shares of the pipeline company’s stock worth $158,000 after buying an additional 2,832 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of 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 worth $168,000 after buying an additional 2,451 shares during the last quarter. Sigma Planning Corp bought a new stake in shares of Nustar Energy L.P. during the first quarter worth $206,000. Finally, Level Four Advisory Services LLC boosted its stake in shares of Nustar Energy L.P. by 4.5% in the first quarter. Level Four Advisory Services LLC now owns 4,423 shares of the pipeline company’s stock worth $226,000 after buying an additional 191 shares during the last quarter. Institutional investors and hedge funds own 56.73% of the company’s stock.

Nustar Energy L.P. (NYSE NS) opened at 39.27 on Monday. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 53.94 and a beta of 1.38. The company has a 50-day moving average price of $43.14 and a 200-day moving average price of $47.32. Nustar Energy L.P. has a one year low of $37.30 and a one year high of $55.64.

Nustar Energy L.P. (NYSE:NS) last released its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.28. The business had revenue of $435.49 million for the quarter, compared to the consensus estimate of $500.83 million. Nustar Energy L.P. had a net margin of 6.77% and a return on equity of 8.11%. Nustar Energy L.P.’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS. Equities research analysts anticipate that Nustar Energy L.P. will post $1.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were paid a dividend of $1.095 per share. This represents a $4.38 annualized dividend and a dividend yield of 11.22%. The ex-dividend date of this dividend was Thursday, August 3rd. Nustar Energy L.P.’s payout ratio is currently 608.33%.

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A number of brokerages have recently weighed in on NS. Stifel Nicolaus reiterated a “hold” rating and set a $46.00 price target on shares of Nustar Energy L.P. in a research report on Thursday, August 3rd. BidaskClub cut Nustar Energy L.P. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research cut Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a research report on Monday, August 7th. UBS AG reiterated a “buy” rating and set a $53.00 price target (down from $56.00) on shares of Nustar Energy L.P. in a research report on Monday, July 31st. Finally, Wells Fargo & Company cut Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.00.

In other Nustar Energy L.P. news, Director Jesse D. Bates purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was purchased at an average price of $43.34 per share, with a total value of $43,340.00. Following the completion of the purchase, the director now owns 7,818 shares of the company’s stock, valued at $338,832.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William E. Greehey purchased 6,899 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average cost of $38.61 per share, with a total value of $266,370.39. Following the purchase, the director now directly owns 3,454,662 shares of the company’s stock, valued at approximately $133,384,499.82. The disclosure for this purchase can be found here. Insiders have bought 58,899 shares of company stock valued at $2,445,520 in the last ninety days. 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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