Nustar Energy LP (NS) Cut to "Market Perform" at Wells Fargo & Company

Paterniano Del Favero
Agosto 12, 2017

Following the acquisition, the director now owns 8,646,280 shares in the company, valued at $188,402,441.20. Botty Investors LLC acquired a new position in Nustar Energy L.P. during the second quarter worth $127,000. Institutional investors and hedge funds own 55.96% of the company's stock. Neuberger Berman Group LLC raised its stake in shares of Nustar GP Holdings by 1.8% in the first quarter. Neuberger Berman Group LLC raised its stake in Nustar GP Holdings by 1.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS has an ownership of 400,778 stocks of the pipeline firms shares valued $11,202,000 after scooping up an extra 62,420 stocks in the previous period. Credit Suisse Group raised shares of Nustar Energy L.P. from an "underperform" rating to a "neutral" rating in a research report on Thursday, April 13th. McQueen Ball & Associates Inc. now owns 7,640 shares of the pipeline company's stock worth $214,000 after buying an additional 136 shares in the last quarter.

Shares of Nustar GP Holdings, LLC (NYSE:NSH) traded up 0.91% during trading on Friday, reaching $22.15. Eagle Global Advisors LLC now owns 1,043,580 shares of the pipeline company's stock valued at $48,662,000 after buying an additional 1,037,070 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Nustar Energy 313.3% in the first quarter. Nustar GP Holdings, LLC has a 52-week low of 21.30 and a 52-week high of 31.50. (NYSE:NS) traded down 0.46% on Friday, hitting $40.90. The company's stock had a trading volume of 346,941 shares. The firm has a market cap of $3.81 billion, a PE ratio of 57.55 and a beta of 1.38. The stock's 50 day SMA price is $23.59 and its 200 SMA price is $26.64.

NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). Out of 8 Wall Street analysts rating Nustar GP Holdings, 0 give it "Buy", 0 "Sell" rating, while 8 recommend "Hold". (NYSE:NS) last announced its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.28. Nustar Energy L.P. The company had revenue of $435.49 million during the quarter, compared to the consensus estimate of $500.83 million. On average, analysts forecast that Nustar Energy L.P. will post $1.26 earnings per share for the current year.

More important recent Celanese Corporation (NYSE:CE) news were published by: which released: "Celanese, Clariant raided by European Union antitrust regulators" on July 26, 2017, also published article titled: "Celanese (CE) to Raise Prices of Acetyl Intermediate Products", published: "Celanese Corporation Declares Quarterly Dividend of $0.46 Per Share" on July 17, 2017. Stockholders of record on Monday, August 7th will be issued a dividend of $0.545 per share. This represents a $4.38 dividend on an annualized basis and a dividend yield of 10.70%. The ex-dividend date of this dividend is Thursday, August 3rd. Nustar GP Holdings's dividend payout ratio (DPR) is now 102.83%.

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A number of analysts recently weighed in on NS shares. Finally, Zacks Investment Research lowered shares of Nustar GP Holdings from a "hold" rating to a "sell" rating in a research report on Tuesday, May 30th.

A number of analysts have issued reports on NSH shares. FBR & Co reaffirmed a "hold" rating on shares of Nustar Energy a research note on Wednesday, April 12th.

NSH has been the subject of several recent research reports. They set a "neutral" rating and a $26.00 price target for the company. The company presently has a consensus rating of "Hold" and an average price target of $28.33.

In other news, Director William E. Greehey bought 50,000 shares of Nustar Energy L.P. stock in a transaction on Tuesday, August 8th. The shares were bought at an average price of $46.40 per share, for a total transaction of $232,000.00. Following the purchase, the director now owns 3,421,776 shares in the company, valued at approximately $143,235,543.36. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

In related news, Director William Grady Rosier bought 5,000 shares of the stock in a transaction on Friday, May 19th. The shares were purchased at an average cost of $21.89 per share, with a total value of $364,753.07. The disclosure for this purchase can be found here. Insiders bought 57,000 shares of company stock worth $2,411,150 in the last 90 days. Celanese Corporation (NYSE:CE) has risen 21.48% since August 11, 2016 and is uptrending. NuStar Energy is involved in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products.

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