NuStar Energy (NYSE:NS) Reaches New 12-Month High at $29.53

NuStar Energy L.P. (NYSE:NS)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $29.53 and last traded at $29.52, with a volume of 8722 shares. The stock had previously closed at $28.83.

Separately, Zacks Investment Research downgraded GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. NuStar Energy presently has an average rating of “Hold” and an average price target of $27.67.

The company has a market capitalization of $3.11 billion, a P/E ratio of 43.67, a price-to-earnings-growth ratio of 18.65 and a beta of 1.53. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.63 and a current ratio of 0.70. The company’s fifty day moving average is $27.57.

NuStar Energy (NYSE:NS) last released its quarterly earnings data on Friday, May 10th. The pipeline company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). The company had revenue of $486.50 million during the quarter, compared to analyst estimates of $542.91 million. NuStar Energy had a negative net margin of 10.05% and a positive return on equity of 27.72%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 EPS. As a group, equities analysts expect that NuStar Energy L.P. will post 1.53 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Wednesday, August 7th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 8.19%. The ex-dividend date of this dividend is Tuesday, August 6th. NuStar Energy’s payout ratio is presently 358.21%.

In related news, Director William E. Greehey acquired 68,075 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was bought at an average price of $28.38 per share, with a total value of $1,931,968.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 8.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in NS. Cetera Advisor Networks LLC increased its position in NuStar Energy by 6.8% during the 4th quarter. Cetera Advisor Networks LLC now owns 9,592 shares of the pipeline company’s stock worth $201,000 after buying an additional 613 shares during the period. SG Americas Securities LLC increased its position in NuStar Energy by 3.5% during the 1st quarter. SG Americas Securities LLC now owns 37,644 shares of the pipeline company’s stock worth $1,012,000 after buying an additional 1,275 shares during the period. Sheaff Brock Investment Advisors LLC bought a new position in NuStar Energy during the 1st quarter worth $251,000. Covenant Multifamily Offices LLC bought a new position in NuStar Energy during the 1st quarter worth $193,000. Finally, Janney Montgomery Scott LLC increased its position in NuStar Energy by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,200 shares of the pipeline company’s stock worth $731,000 after buying an additional 400 shares during the period. 63.03% of the stock is owned by institutional investors and hedge funds.

NuStar Energy Company Profile (NYSE:NS)

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products. 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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