Wells Fargo & Company MN Purchases 27,871 Shares of Nustar Energy L.P. (NS)

Wells Fargo & Company MN boosted its position in Nustar Energy L.P. (NYSE:NS) by 19.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,691 shares of the pipeline company’s stock after buying an additional 27,871 shares during the quarter. Wells Fargo & Company MN owned approximately 0.18% of Nustar Energy L.P. worth $7,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Ffcm LLC increased its position in Nustar Energy L.P. by 230.9% in the second quarter. Ffcm LLC now owns 2,412 shares of the pipeline company’s stock worth $115,000 after buying an additional 1,683 shares during the last quarter. Botty Investors LLC purchased a new stake in Nustar Energy L.P. in the second quarter worth $127,000. Winslow Evans & Crocker Inc. increased its position in Nustar Energy L.P. by 708.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,232 shares of the pipeline company’s stock worth $158,000 after buying an additional 2,832 shares during the last quarter. Penserra Capital Management LLC increased its position in Nustar Energy L.P. by 210.2% in the second quarter. Penserra Capital Management LLC now owns 3,617 shares of the pipeline company’s stock worth $168,000 after buying an additional 2,451 shares during the last quarter. Finally, Level Four Advisory Services LLC increased its position in Nustar Energy L.P. by 4.5% in the first quarter. Level Four Advisory Services LLC now owns 4,423 shares of the pipeline company’s stock worth $226,000 after buying an additional 191 shares during the last quarter. 56.69% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on NS shares. BidaskClub raised Nustar Energy L.P. from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Stifel Nicolaus reissued a “hold” rating and issued a $46.00 target price on shares of Nustar Energy L.P. in a research report on Friday, June 30th. Zacks Investment Research downgraded Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a research report on Monday, August 7th. Wells Fargo & Company downgraded Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Finally, ValuEngine downgraded Nustar Energy L.P. from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.63.

In other Nustar Energy L.P. news, Director Jesse D. Bates purchased 1,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was acquired at an average price of $43.34 per share, for a total transaction of $43,340.00. Following the purchase, the director now owns 7,818 shares of the company’s stock, valued at approximately $338,832.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William E. Greehey purchased 50,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was acquired at an average price of $41.86 per share, with a total value of $2,093,000.00. Following the purchase, the director now directly owns 3,421,776 shares in the company, valued at approximately $143,235,543.36. The disclosure for this purchase can be found here. Insiders bought a total of 101,000 shares of company stock valued at $4,070,288 over the last 90 days. 4.10% of the stock is currently owned by company insiders.

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Nustar Energy L.P. (NS) opened at 40.83 on Friday. Nustar Energy L.P. has a 12-month low of $37.30 and a 12-month high of $55.64. The stock has a 50 day moving average price of $40.12 and a 200-day moving average price of $44.76. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 56.09 and a beta of 1.40.

Nustar Energy L.P. (NYSE:NS) last posted its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.28). The company had revenue of $435.49 million during the quarter, compared to analysts’ expectations of $500.83 million. Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share. Equities analysts predict that Nustar Energy L.P. will post $1.12 EPS for the current fiscal year.

About Nustar Energy L.P.

NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of petroleum products, and the marketing of petroleum products. The Company’s segments include pipeline, storage and fuels marketing. The pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia.

Institutional Ownership by Quarter for Nustar Energy L.P. (NYSE:NS)

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