Nustar Energy L.P. (NYSE:NS).
Commonwealth Of Pennsylvania Public School Empls Retrmt SYS says it sold 17,119 shares last quarter decreasing its stake in Nustar Energy L.P. (NS) by 2.1%. Its stake stood at $32,819,000 a decrease of $5,682,000 as of quarter end.
Here are some institutional investors who have increased or decreased their stake in (NS). As of quarter end Citigroup Inc had acquired 44,640 shares growing its stake by 7,763.5%. The value of the investment in (NS) went from $27,000 to $1,835,000 a change of $1,808,000 quarter to quarter. Fiduciary Financial Services Of The Southwest Inc /tx grew its position by buying 1,195 shares an increase of 5.2%. Fiduciary Financial Services Of The Southwest Inc /tx controls 24,311 shares with a value of $987,000. The total value of its holdings decreased 8.4%.
Raymond James & Associates added to its ownership by buying 26 shares an increase of 0.1% from 06/30/2017 to 09/30/2017. Raymond James & Associates owns 25,052 shares worth $1,017,000. The value of the position overall is down by 12.9%.
On November 9 Wells Fargo & Company made no change to the company rating of “Market Perform” projecting a price of $37.00. Stifel Nicolaus lowered the price target on November 8 cutting the projection from $42.00 to $35.00 and stated a “Hold” rating.
Equity analyst Barclays PLC lowered the price target of the stock on November 8 changing the forecast from $44.00 to $40.00 with a rating of “Equal Weight”. October 20 investment analysts at Mizuho kept the stock rating at “Hold” targeting a price of $47.00.
On October 12 Stifel Nicolaus maintained a stock rating of “Hold” with a current price target of $42.00. Citigroup lowered the price target on October 10 changing the price objective from $51.00 to $42.00 with a “Neutral” recommendation.
The company is so far trading down since yesterday’s close of 29.61. The P/E ratio is currently 76.64 and the market cap is 2.72B. As of the latest earnings report the EPS was $0.38 with 93.03M shares now outstanding.
Traders are a little more bearish on shares of Nustar Energy L.P. of late if you consider the uptick in short interest. The firm experienced a rise in short interest of 29.67% as of October 13, 2017 from the last reporting period. Short interest increased from 2,435,740 to 3,158,527 over that period. The days to cover increased to 13.0 and the percentage of shorted shares was 0.03% on October 13.