Crumly & Associates Inc. Makes New Investment in NuStar Energy L.P. (NYSE:NS)

Crumly & Associates Inc. purchased a new position in shares of NuStar Energy L.P. (NYSE:NS – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,473 shares of the pipeline company’s stock, valued at approximately $270,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Teacher Retirement System of Texas grew its stake in shares of NuStar Energy by 7.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 18,806 shares of the pipeline company’s stock worth $296,000 after purchasing an additional 1,360 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of NuStar Energy by 303.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,867 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 1,404 shares during the period. Advisor Group Holdings Inc. grew its stake in shares of NuStar Energy by 3.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 58,057 shares of the pipeline company’s stock worth $922,000 after purchasing an additional 1,998 shares during the period. LPL Financial LLC grew its stake in shares of NuStar Energy by 2.8% during the 3rd quarter. LPL Financial LLC now owns 124,431 shares of the pipeline company’s stock worth $1,959,000 after purchasing an additional 3,332 shares during the period. Finally, Guggenheim Capital LLC grew its stake in shares of NuStar Energy by 33.0% during the 3rd quarter. Guggenheim Capital LLC now owns 14,135 shares of the pipeline company’s stock worth $222,000 after purchasing an additional 3,506 shares during the period. 58.79% of the stock is owned by institutional investors.

NuStar Energy stock traded up $0.29 during midday trading on Tuesday, hitting $16.30. 17,353 shares of the stock were exchanged, compared to its average volume of 699,880. NuStar Energy L.P. has a fifty-two week low of $13.53 and a fifty-two week high of $20.73. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -16.17 and a beta of 2.36. The stock’s 50-day simple moving average is $15.72 and its 200 day simple moving average is $15.79. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 14.12.

NuStar Energy (NYSE:NS – Get Rating) last announced its earnings results on Thursday, February 3rd. The pipeline company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.15). The company had revenue of $417.42 million for the quarter, compared to analysts’ expectations of $407.25 million. NuStar Energy had a return on equity of 63.92% and a net margin of 2.36%. During the same period last year, the business earned $0.13 EPS. Equities analysts anticipate that NuStar Energy L.P. will post 1.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, February 14th. Shareholders of record on Tuesday, February 8th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 9.82%. The ex-dividend date was Monday, February 7th. NuStar Energy’s dividend payout ratio (DPR) is presently -161.62%.

A number of equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of NuStar Energy in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Citigroup dropped their price target on shares of NuStar Energy from $19.00 to $18.00 in a research note on Tuesday, January 18th. Wells Fargo & Company cut shares of NuStar Energy from an “overweight” rating to an “equal weight” rating and set a $17.00 price target on the stock. in a research note on Monday, February 7th. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their price target on shares of NuStar Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, March 22nd. Finally, Barclays lifted their price target on shares of NuStar Energy from $19.00 to $20.00 in a research note on Thursday, January 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.20.

About NuStar Energy (Get Rating)

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in the United States and internationally. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing.

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