Heronetta Management L.P. Purchases New Position in NuStar Energy L.P. (NS)

Heronetta Management L.P. purchased a new stake in NuStar Energy L.P. (NYSE:NS) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 13,690 shares of the pipeline company’s stock, valued at approximately $381,000.

Other institutional investors also recently modified their holdings of the company. Chemical Bank purchased a new position in NuStar Energy in the 3rd quarter valued at about $218,000. Cambridge Investment Research Advisors Inc. purchased a new position in NuStar Energy in the 3rd quarter valued at about $229,000. Sheaff Brock Investment Advisors LLC purchased a new position in NuStar Energy in the 3rd quarter valued at about $259,000. Prospera Financial Services Inc purchased a new position in NuStar Energy in the 3rd quarter valued at about $216,000. Finally, McQueen Ball & Associates Inc. purchased a new position in NuStar Energy in the 3rd quarter valued at about $312,000. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE NS opened at $24.00 on Friday. The company has a market cap of $2.57 billion, a PE ratio of 37.50 and a beta of 1.73. 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 1 year low of $19.22 and a 1 year high of $35.91.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Thursday, November 8th were issued a dividend of $0.60 per share. 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 10.00%. NuStar Energy’s dividend payout ratio is currently 375.00%.

NS has been the topic of a number of research reports. Barclays raised their price target 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. Zacks Investment Research lowered shares of NuStar Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, November 14th. ValuEngine raised shares of NuStar Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. Stifel Nicolaus raised their target price on shares of NuStar Energy from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Wednesday, August 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of NuStar Energy from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, August 24th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $26.88.

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NuStar Energy Company 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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