Nelson Van Denburg & Campbell Wealth Management Group LLC Purchases 1,508 Shares of NuStar Energy L.P. (NYSE:NS)

Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in shares of NuStar Energy L.P. (NYSE:NS) by 126.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,700 shares of the pipeline company’s stock after buying an additional 1,508 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in NuStar Energy were worth $76,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in NS. Lenox Wealth Advisors LLC purchased a new stake in NuStar Energy in the third quarter worth approximately $32,000. North Star Investment Management Corp. purchased a new position in shares of NuStar Energy during the 3rd quarter worth $39,000. NEXT Financial Group Inc boosted 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 acquiring an additional 1,110 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of NuStar Energy during the 2nd quarter worth $50,000. Finally, Covenant Multifamily Offices LLC boosted its stake in shares of NuStar Energy by 29.1% during the 2nd quarter. Covenant Multifamily Offices LLC now owns 9,242 shares of the pipeline company’s stock worth $251,000 after acquiring an additional 2,083 shares during the last quarter. 63.09% of the stock is owned by institutional investors.

Several research analysts have recently weighed in on the stock. ValuEngine cut shares of NuStar Energy from a “hold” rating to a “sell” rating in a research note on Thursday, September 12th. Mizuho began coverage on shares of NuStar Energy in a research note on Friday, August 2nd. They set a “neutral” rating and a $32.00 price target on the stock. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. NuStar Energy has a consensus rating of “Hold” and a consensus price target of $28.60.

Shares of NS stock opened at $27.82 on Friday. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 51.19, a PEG ratio of 14.90 and a beta of 1.55. NuStar Energy L.P. has a one year low of $19.81 and a one year high of $30.06. The company’s fifty day moving average price is $27.89 and its 200-day moving average price is $27.53. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.43 and a quick ratio of 1.40.

NuStar Energy (NYSE:NS) last announced its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The firm had revenue of $372.45 million for the quarter, compared to the consensus estimate of $474.77 million. NuStar Energy had a negative net margin of 9.77% and a positive return on equity of 31.79%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 earnings per share. Equities research analysts expect that NuStar Energy L.P. will post 1.86 earnings per share for the current fiscal year.

NuStar Energy Company Profile

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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