Perella Weinberg Partners Capital Management LP Purchases Shares of 217,751 NuStar Energy L.P. (NYSE:NS)

Perella Weinberg Partners Capital Management LP acquired a new stake in NuStar Energy L.P. (NYSE:NS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 217,751 shares of the pipeline company’s stock, valued at approximately $4,558,000. Perella Weinberg Partners Capital Management LP owned approximately 0.20% of NuStar Energy as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Regal Investment Advisors LLC raised its position in NuStar Energy by 7.6% in the third quarter. Regal Investment Advisors LLC now owns 35,986 shares of the pipeline company’s stock worth $1,000,000 after acquiring an additional 2,540 shares in the last quarter. Advisors Capital Management LLC raised its position in NuStar Energy by 3.6% in the third quarter. Advisors Capital Management LLC now owns 76,880 shares of the pipeline company’s stock worth $2,137,000 after acquiring an additional 2,643 shares in the last quarter. TVR Capital Management LP raised its position in NuStar Energy by 3.1% in the third quarter. TVR Capital Management LP now owns 92,518 shares of the pipeline company’s stock worth $2,572,000 after acquiring an additional 2,759 shares in the last quarter. Raymond James & Associates raised its position in NuStar Energy by 11.4% in the second quarter. Raymond James & Associates now owns 32,931 shares of the pipeline company’s stock worth $746,000 after acquiring an additional 3,381 shares in the last quarter. Finally, Tortoise Index Solutions LLC raised its position in NuStar Energy by 30.6% in the third quarter. Tortoise Index Solutions LLC now owns 15,577 shares of the pipeline company’s stock worth $433,000 after acquiring an additional 3,646 shares in the last quarter. 59.42% of the stock is owned by institutional investors.

In other news, Director Dan J. Hill purchased 2,000 shares of the stock in a transaction that occurred on Monday, December 24th. The stock was acquired at an average price of $20.73 per share, with a total value of $41,460.00. Following the purchase, the director now owns 38,631 shares in the company, valued at approximately $800,820.63. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William E. Greehey bought 100,000 shares of NuStar Energy stock in a transaction that occurred on Monday, December 17th. The stock was bought at an average price of $22.98 per share, with a total value of $2,298,000.00. Following the completion of the acquisition, the director now owns 9,058,682 shares in the company, valued at approximately $208,168,512.36. The disclosure for this purchase can be found here. Insiders own 4.10% of the company’s stock.

NYSE:NS opened at $26.15 on Thursday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.79 and a current ratio of 0.87. NuStar Energy L.P. has a fifty-two week low of $19.22 and a fifty-two week high of $29.12. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 39.03 and a beta of 1.76.

NuStar Energy (NYSE:NS) last released its earnings results on Thursday, January 31st. The pipeline company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.07). The business had revenue of $509.31 million for the quarter, compared to analysts’ expectations of $463.69 million. NuStar Energy had a net margin of 10.49% and a return on equity of 37.38%. As a group, equities analysts forecast that NuStar Energy L.P. will post 1.1 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 13th. Investors of record on Friday, February 8th were paid a $0.60 dividend. The ex-dividend date was Thursday, February 7th. This represents a $2.40 annualized dividend and a dividend yield of 9.18%. NuStar Energy’s payout ratio is 358.21%.

Several brokerages have commented on NS. Zacks Investment Research upgraded shares of NuStar Energy from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Friday, February 8th. ValuEngine raised NuStar Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. Finally, Citigroup dropped their price target on NuStar Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, November 29th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. NuStar Energy currently has a consensus rating of “Hold” and a consensus price target of $26.67.

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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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Institutional Ownership by Quarter for NuStar Energy (NYSE:NS)

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