Bahl & Gaynor Inc. grew its stake in shares of Nustar Energy L.P. (NYSE:NS) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,623 shares of the pipeline company’s stock after purchasing an additional 107 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Nustar Energy L.P. were worth $977,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Alps Advisors Inc. grew its holdings in shares of Nustar Energy L.P. by 25.9% during the second quarter. Alps Advisors Inc. now owns 5,772,723 shares of the pipeline company’s stock valued at $269,182,000 after purchasing an additional 1,188,735 shares during the last quarter. Tortoise Capital Advisors L.L.C. grew its holdings in shares of Nustar Energy L.P. by 213,865.7% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 4,311,408 shares of the pipeline company’s stock valued at $201,041,000 after purchasing an additional 4,309,393 shares during the last quarter. Center Coast Capital Advisors LP grew its holdings in shares of Nustar Energy L.P. by 0.3% during the second quarter. Center Coast Capital Advisors LP now owns 4,147,643 shares of the pipeline company’s stock valued at $193,405,000 after purchasing an additional 13,566 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Nustar Energy L.P. by 3.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,242,053 shares of the pipeline company’s stock valued at $168,522,000 after purchasing an additional 118,760 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of Nustar Energy L.P. by 29.1% during the first quarter. Clearbridge Investments LLC now owns 2,370,465 shares of the pipeline company’s stock valued at $123,217,000 after purchasing an additional 534,570 shares during the last quarter. 56.73% of the stock is owned by institutional investors.

Nustar Energy L.P. (NS) opened at 40.66 on Friday. Nustar Energy L.P. has a 52 week low of $37.30 and a 52 week high of $55.64. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 55.85 and a beta of 1.40. The firm’s 50-day moving average price is $40.48 and its 200-day moving average price is $45.99.

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

In related news, Director Jesse D. Bates purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was acquired at an average price of $43.34 per share, with a total value of $43,340.00. Following the completion of the acquisition, the director now directly owns 7,818 shares in the company, valued at approximately $338,832.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William E. Greehey purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average cost of $41.86 per share, with a total value of $2,093,000.00. Following the acquisition, the director now owns 3,421,776 shares of the company’s stock, valued at $143,235,543.36. The disclosure for this purchase can be found here. In the last three months, insiders purchased 102,000 shares of company stock valued at $4,113,098. 4.10% of the stock is currently owned by company insiders.

A number of equities analysts recently issued reports on the company. BidaskClub raised Nustar Energy L.P. from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Zacks Investment Research lowered Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 27th. Stifel Nicolaus reissued a “hold” rating and issued a $46.00 price objective on shares of Nustar Energy L.P. in a report on Friday, June 30th. Wells Fargo & Company lowered Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. Finally, UBS AG reissued a “buy” rating and issued a $53.00 price objective (down from $56.00) on shares of Nustar Energy L.P. in a report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Nustar Energy L.P. presently has a consensus rating of “Hold” and a consensus target price of $51.00.

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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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