NuStar GP (NSH) Stock Price Up 7.4%

Shares of NuStar GP Holdings, LLC (NYSE:NSH) rose 7.4% during mid-day trading on Wednesday . The stock traded as high as $18.65 and last traded at $18.15. Approximately 943,600 shares changed hands during mid-day trading, an increase of 176% from the average daily volume of 341,500 shares. The stock had previously closed at $16.90.

NSH has been the topic of several recent analyst reports. Barclays lowered their target price on shares of NuStar GP from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 8th. Zacks Investment Research upgraded shares of NuStar GP from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Mizuho reiterated a “hold” rating and issued a $21.00 target price on shares of NuStar GP in a research note on Friday, November 10th. Citigroup lowered their target price on shares of NuStar GP from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, October 10th. Finally, ValuEngine cut shares of NuStar GP from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.33.

The company has a market cap of $766.69, a P/E ratio of 8.89 and a beta of 1.02.

NuStar GP (NYSE:NSH) last posted its earnings results on Tuesday, November 7th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.08). NuStar GP had a return on equity of 23.17% and a net margin of 178.06%. analysts predict that NuStar GP Holdings, LLC will post 2.1 earnings per share for the current year.

Several large investors have recently modified their holdings of NSH. Atlantic Trust Group LLC increased its holdings in shares of NuStar GP by 14.1% in the 3rd quarter. Atlantic Trust Group LLC now owns 1,213,910 shares of the pipeline company’s stock worth $26,706,000 after buying an additional 150,000 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of NuStar GP by 30.4% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 555,213 shares of the pipeline company’s stock worth $12,215,000 after buying an additional 129,437 shares during the last quarter. Center Coast Capital Advisors LP increased its holdings in shares of NuStar GP by 8.9% in the 3rd quarter. Center Coast Capital Advisors LP now owns 1,175,843 shares of the pipeline company’s stock worth $25,869,000 after buying an additional 96,298 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of NuStar GP by 96.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 164,659 shares of the pipeline company’s stock worth $3,540,000 after buying an additional 81,046 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of NuStar GP by 13.9% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 476,160 shares of the pipeline company’s stock worth $10,476,000 after buying an additional 57,985 shares during the last quarter. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

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NuStar GP Company Profile

NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.

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