Nustar Energy L.p. (NS) Files Form 4 Insider Buying : William E Greehey Buys 20,000 Shares

Nustar Energy L.p. (NS): William E Greehey , director of Nustar Energy L.p. purchased 20,000 shares on Jun 28, 2016. The Insider buying transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were purchased at $47.69 per share for a total value of $953,882.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, William E Greehey (director) purchased 50,000 shares at $49.38 per share price.On Dec 16, 2015, Dan J Hill (director) purchased 1,000 shares at $32.47 per share price.Also, On Dec 14, 2015, Mary Rose Brown (EVP & CAO) purchased 500 shares at $33.91 per share price.On Dec 3, 2015, Bradley C Barron (CEO) purchased 1,000 shares at $37.20 per share price.

NuStar Energy L.P.: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in NuStar Energy L.P. which led to swings in the share price. The shares opened for trading at $48.49 and hit $49.345 on the upside , eventually ending the session at $49.19, with a gain of 2.63% or 1.26 points. The heightened volatility saw the trading volume jump to 2,28,473 shares. The 52-week high of the share price is $61.19 and the company has a market cap of $3,831 M . The 52-week low of the share price is at $25.65.

NuStar Energy L.P. Money Flow Index Chart

Company has been under the radar of several Street Analysts.NuStar Energy L.P. is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 49 from a previous price target of $41 .The Rating was issued on Apr 28, 2016.

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 conducts its operations through its wholly owned subsidiaries primarily NuStar Logistics L.P. (NuStar Logistics) and NuStar Pipeline Operating Partnership L.P. (NuPOP). It operates in three business segments: pipeline storage and fuels marketing. The Company’s pipeline segment consists of the transportation of refined petroleum products crude oil and anhydrous ammonia. The Company’s storage segment includes terminal and storage facilities that provide storage handling and other services for petroleum products crude oil specialty chemicals and other liquids. The Company’s fuels marketing segment involve the purchase of crude oil fuel oil bunker fuel fuel oil blending components and other refined products for resale.

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