NuStar GP Holdings, LLC (NSH) Shares Down 1.5%
Shares of NuStar GP Holdings, LLC (NYSE:NSH) dropped 1.5% during trading on Monday . The company traded as low as $25.03 and last traded at $25.12, with a volume of 59,531 shares traded. The stock had previously closed at $25.50.
A number of equities analysts have issued reports on NSH shares. Citigroup Inc. upgraded NuStar GP Holdings from a “neutral” rating to a “buy” rating and raised their target price for the stock from $26.00 to $29.00 in a report on Friday. Zacks Investment Research cut NuStar GP Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Barclays PLC raised their target price on NuStar GP Holdings from $22.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, April 28th. Finally, TheStreet cut NuStar GP Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $28.67.
The firm has a market cap of $1.08 billion and a price-to-earnings ratio of 17.49. The firm’s 50-day moving average is $24.25 and its 200-day moving average is $22.40.
NuStar GP Holdings (NYSE:NSH) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.01. On average, equities analysts forecast that NuStar GP Holdings, LLC will post $1.53 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 16th. Investors of record on Tuesday, August 9th will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Friday, August 5th. This represents a $2.18 annualized dividend and a dividend yield of 8.70%.
In other news, Director William E. Greehey bought 40,000 shares of the stock in a transaction on Wednesday, June 29th. The stock was acquired at an average price of $25.15 per share, with a total value of $1,006,000.00. Following the acquisition, the director now directly owns 8,569,215 shares in the company, valued at $215,515,757.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William E. Greehey bought 16,308 shares of the stock in a transaction on Friday, August 12th. The stock was purchased at an average cost of $24.72 per share, with a total value of $403,133.76. Following the acquisition, the director now owns 8,584,823 shares in the company, valued at $212,216,824.56. The disclosure for this purchase can be found here.
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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