Bradley Barron (Insider Trades), CEO and president of NuStar Energy L.P. (NS), bought 2,400 shares of the company on Tuesday. The average price per share was $42.13, for a total transaction amount of $101,112.
NuStar Energy is one of the largest liquid terminal and pipeline operators in the United States. The company has 8,651 miles of pipeline and 80 storage facilities that store and distribute crude oil, refined products and specialty liquids. NuStar Energy has a market cap of $3.49 billion and a P/S ratio of 1.26.
Although he volume of NS insider buys increased from 2012 to 2015, the number of insider buys remained similar during the same period of time. There were 12 insider buys in 2012, 11 in 2013, seven in 2014, and 12 from January to September. NuStar insider buys volume decreased from 525,695 shares in 2012 to 256,150 in the subsequent year. In the first nine months of 2015, NuStar insiders bought 227,850 shares of the company. Barron’s transaction on Tuesday was his only transaction with the company. Jesse Bates (Insider Trades), NuStar director, bought 1,000 shares on Sept. 24 and 29. Bates made 17 transactions totaling 17,900 shares with the company since August 2007. 
For more information about insider transactions with NS, click here.
NuStar Energy reported total revenues of $570.611 million in the second quarter. Revenue decreased from $749.75 million in the second quarter of the previous year. Net income for the company also decreased from $55.40 million, or 58 cents per share, to $54.325 million, or 54 cents per share in the same period of time. Annual revenue decreased 12.71% since 2010. 
On July 21 the company announced approval from the Port of Corpus Christi to develop another private marine loading dock at North Beach Terminal in Corpus Christi, Texas. The company plans to complete the project by the second quarter of 2017. The loading dock is estimated to load Suezmax-class vessels (which carry approximately 1 million barrels) at rates up to 30,000 barrels per hour. Barron commented that the addition of the dock would “further expand [the company’s] premiere position in the highly desirable Corpus Christi ship channel.”
According to GuruFocus.com information, NuStar Energy has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
Jim Simons (Trades, Portfolio) increased his stake in NuStar during the second quarter of 2015. Simons bought 31,494 shares at an average price of $63.24 per share. This transaction increased his holding by 23.56%. For more information about guru trades with NS, click here.
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