Perella Weinberg Partners Capital Management LP Increases Holdings in NuStar Energy L.P. (NYSE:NS)

Perella Weinberg Partners Capital Management LP grew its holdings in shares of NuStar Energy L.P. (NYSE:NS) by 47.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 288,173 shares of the pipeline company’s stock after buying an additional 92,649 shares during the period. Perella Weinberg Partners Capital Management LP’s holdings in NuStar Energy were worth $7,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC lifted its stake in shares of NuStar Energy by 3.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 17,638 shares of the pipeline company’s stock worth $478,000 after purchasing an additional 609 shares during the period. Moors & Cabot Inc. lifted its stake in shares of NuStar Energy by 2.2% during the 2nd quarter. Moors & Cabot Inc. now owns 30,129 shares of the pipeline company’s stock worth $818,000 after purchasing an additional 644 shares during the period. NEXT Financial Group Inc lifted its stake in shares of NuStar Energy by 277.5% during the 2nd quarter. NEXT Financial Group Inc now owns 1,510 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 1,110 shares during the period. Adams Asset Advisors LLC lifted its stake in shares of NuStar Energy by 0.6% during the 2nd quarter. Adams Asset Advisors LLC now owns 304,848 shares of the pipeline company’s stock worth $8,273,000 after purchasing an additional 1,963 shares during the period. Finally, Seven Post Investment Office LP purchased a new position in shares of NuStar Energy during the 1st quarter worth $207,000. 63.03% of the stock is owned by institutional investors.

A number of research analysts have weighed in on the company. Mizuho assumed coverage on NuStar Energy in a research note on Friday. They set a “neutral” rating and a $32.00 price target on the stock. Zacks Investment Research lowered NuStar Energy from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. NuStar Energy currently has an average rating of “Hold” and an average price target of $28.29.

Shares of NS stock traded down $0.23 on Friday, reaching $28.30. 86,372 shares of the stock were exchanged, compared to its average volume of 394,566. The stock has a market cap of $3.11 billion, a PE ratio of 42.24, a P/E/G ratio of 18.84 and a beta of 1.53. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 1.76. The stock’s 50 day moving average price is $27.66. NuStar Energy L.P. has a 1-year low of $19.81 and a 1-year high of $29.53.

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 analysts’ consensus estimates of $0.32 by ($0.18). The firm had revenue of $486.50 million for the quarter, compared to analyst estimates of $542.91 million. NuStar Energy had a positive return on equity of 27.72% and a negative net margin of 10.05%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.15 earnings per share. As a group, equities analysts forecast that NuStar Energy L.P. will post 1.53 EPS for the current fiscal year.

The company 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 dividend of $0.60 per share. The ex-dividend date is Tuesday, August 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.48%. NuStar Energy’s payout ratio is 358.21%.

In other news, Director William E. Greehey acquired 68,075 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was acquired at an average cost of $28.38 per share, for a total transaction of $1,931,968.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.90% of the company’s stock.

About NuStar Energy

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

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