NuStar Energy (NYSE:NS) had its price objective upped by Barclays from $25.00 to $27.00 in a research note published on Wednesday morning. They currently have an equal weight rating on the pipeline company’s stock.
Several other equities analysts have also weighed in on NS. Stifel Nicolaus lifted their price objective on NuStar Energy from $26.00 to $27.00 and gave the company a hold rating in a research note on Wednesday. Citigroup lifted their price objective on NuStar Energy from $22.00 to $27.00 and gave the company a neutral rating in a research note on Wednesday. ValuEngine lowered NuStar Energy from a sell rating to a strong sell rating in a research note on Monday, July 2nd. Zacks Investment Research raised NuStar Energy from a strong sell rating to a hold rating in a research note on Tuesday, April 24th. Finally, Mizuho reaffirmed a hold rating and issued a $24.00 price objective on shares of NuStar Energy in a research note on Wednesday, April 11th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. NuStar Energy presently has a consensus rating of Hold and a consensus price target of $27.56.
Shares of NYSE NS traded up $0.59 during midday trading on Wednesday, hitting $28.64. The stock had a trading volume of 3,156,704 shares, compared to its average volume of 724,577. The firm has a market capitalization of $3.00 billion, a P/E ratio of 44.75 and a beta of 1.64. NuStar Energy has a 1-year low of $19.22 and a 1-year high of $41.78. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.70 and a quick ratio of 0.30.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 13th. Investors of record on Tuesday, August 7th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 8.38%. The ex-dividend date is Monday, August 6th. NuStar Energy’s dividend payout ratio (DPR) is presently 375.00%.
In related news, Director William E. Greehey purchased 413,736 shares of NuStar Energy stock in a transaction that occurred on Tuesday, June 26th. The shares were purchased at an average cost of $24.17 per share, with a total value of $9,999,999.12. Following the transaction, the director now owns 3,486,869 shares of the company’s stock, valued at approximately $84,277,623.73. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.10% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. West Family Investments Inc. lifted its position in NuStar Energy by 15.3% during the 2nd quarter. West Family Investments Inc. now owns 105,406 shares of the pipeline company’s stock worth $2,387,000 after acquiring an additional 14,000 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in NuStar Energy during the 2nd quarter worth approximately $1,383,000. SG Americas Securities LLC purchased a new stake in NuStar Energy during the 2nd quarter worth approximately $444,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in NuStar Energy during the 2nd quarter worth approximately $11,585,000. Finally, Price Capital Management Inc. purchased a new stake in NuStar Energy during the 2nd quarter worth approximately $655,000. 54.71% of the stock is currently owned by hedge funds and other institutional investors.
About NuStar Energy
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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