Virtus ETF Advisers LLC grew its position in NuStar Energy L.P. (NYSE:NS) by 19.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 391,533 shares of the pipeline company’s stock after purchasing an additional 62,810 shares during the quarter. NuStar Energy makes up about 1.4% of Virtus ETF Advisers LLC’s investment portfolio, making the stock its 19th largest holding. Virtus ETF Advisers LLC owned approximately 0.37% of NuStar Energy worth $8,195,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. OppenheimerFunds Inc. boosted its position in shares of NuStar Energy by 32.3% during the third quarter. OppenheimerFunds Inc. now owns 11,781,549 shares of the pipeline company’s stock worth $327,527,000 after acquiring an additional 2,873,964 shares during the last quarter. Alps Advisors Inc. increased its stake in NuStar Energy by 12.6% in the 4th quarter. Alps Advisors Inc. now owns 9,708,198 shares of the pipeline company’s stock worth $203,193,000 after buying an additional 1,086,750 shares during the period. Neuberger Berman Group LLC increased its position in NuStar Energy by 345.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 3,033,745 shares of the pipeline company’s stock valued at $84,339,000 after purchasing an additional 2,352,353 shares during the period. Tortoise Capital Advisors L.L.C. increased its position in NuStar Energy by 18.8% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 2,918,079 shares of the pipeline company’s stock valued at $81,123,000 after purchasing an additional 461,705 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in NuStar Energy during the 3rd quarter valued at about $36,035,000. Institutional investors and hedge funds own 59.42% of the company’s stock.
In related news, Director William E. Greehey bought 100,000 shares of the firm’s stock in a transaction on Monday, December 17th. The shares were bought at an average price of $22.98 per share, with a total value of $2,298,000.00. Following the completion of the transaction, the director now directly owns 9,058,682 shares of the company’s stock, valued at approximately $208,168,512.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dan J. Hill bought 2,000 shares of the firm’s stock in a transaction on Monday, December 24th. The stock was bought at an average cost of $20.73 per share, for a total transaction of $41,460.00. Following the transaction, the director now directly owns 38,631 shares of the company’s stock, valued at $800,820.63. The disclosure for this purchase can be found here. Insiders own 4.10% of the company’s stock.
NuStar Energy (NYSE:NS) last issued its quarterly earnings results on Thursday, January 31st. The pipeline company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.07). NuStar Energy had a return on equity of 37.38% and a net margin of 10.49%. The company had revenue of $509.31 million during the quarter, compared to analysts’ expectations of $463.69 million. On average, equities analysts predict that NuStar Energy L.P. will post 1.1 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 13th. Shareholders of record on Friday, February 8th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, February 7th. This represents a $2.40 annualized dividend and a yield of 9.54%. NuStar Energy’s dividend payout ratio (DPR) is presently 358.21%.
NS has been the topic of a number of research reports. Zacks Investment Research raised shares of NuStar Energy from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, January 8th. ValuEngine raised shares of NuStar Energy from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. US Capital Advisors reaffirmed a “hold” rating on shares of NuStar Energy in a report on Wednesday, January 16th. Bank of America initiated coverage on shares of NuStar Energy in a report on Friday, January 11th. They set a “neutral” rating and a $27.00 target price for the company. Finally, UBS Group lowered shares of NuStar Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 10th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. NuStar Energy currently has a consensus rating of “Hold” and a consensus price target of $26.67.
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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