NuStar GP Holdings, LLC (NSH) Sees Unusually-High Trading Volume
NuStar GP Holdings, LLC (NYSE:NSH) saw an uptick in trading volume on Tuesday . 65,584 shares changed hands during mid-day trading, a decline of 9% from the previous session’s volume of 72,284 shares.The stock last traded at $24.31 and had previously closed at $24.07.
A number of research firms have weighed in on NSH. Zacks Investment Research cut shares of NuStar GP Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Citigroup Inc. raised shares of NuStar GP Holdings from a “neutral” rating to a “buy” rating and upped their price objective for the company from $26.00 to $29.00 in a research report on Friday, August 12th. Finally, TheStreet cut shares of NuStar GP Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $28.67.
The company has a market cap of $1.04 billion and a price-to-earnings ratio of 16.89. The company has a 50-day moving average of $24.26 and a 200 day moving average of $23.14.
NuStar GP Holdings (NYSE:NSH) last released its earnings results on Tuesday, August 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.01. Equities analysts forecast that NuStar GP Holdings, LLC will post $1.48 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 16th. Shareholders of record on Tuesday, August 9th were given a $0.545 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $2.18 dividend on an annualized basis and a yield of 9.01%.
In related news, Director William E. Greehey bought 40,000 shares of the business’s stock in a transaction on Wednesday, June 29th. The stock was bought at an average price of $25.15 per share, for a total transaction of $1,006,000.00. Following the transaction, the director now directly owns 8,569,215 shares in the company, valued at $215,515,757.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William E. Greehey bought 16,308 shares of the business’s stock in a transaction on Friday, August 12th. The stock was bought at an average price of $24.72 per share, with a total value of $403,133.76. Following the transaction, 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.