Mizuho Securities Initiates Coverage on NuStar GP Holdings LLC to Neutral

Mizuho Securities Initiates Coverage on NuStar GP Holdings LLC(NYSE:NSH). The shares have been rated Neutral. The rating by Mizuho Securities was issued on Sep 30, 2016.

In a different note, On Aug 12, 2016, Citigroup said it Upgrades its rating on NuStar GP Holdings LLC. In the research note, the firm Raises the price-target to $26.00 per share. The shares have been rated ‘Buy’ by the firm.

NuStar GP Holdings LLC (NSH) shares turned negative on Tuesdays trading session with the shares closing down -0.13 points or -0.51% at a volume of 26,670. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.7. The peak price level was also seen at $25.7 while the days lowest was $25.27. Finally the shares closed at $25.27. The 52-week high of the shares is $31.55 while the 52-week low is $12.86. According to the latest information available, the market cap of the company is $1,085 M.

NuStar GP Holdings LLC(NSH) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.35. Analysts had estimated an EPS of $0.36.

Several Insider Transactions has been reported to the SEC. On Sep 29, 2016, James F Clingman (director) sold 5,550 shares at $25.35 per share price.Also, On Aug 15, 2016, William E Greehey (director 10% owner) purchased 16,308 shares at $24.85 per share price.On Dec 14, 2015, Mary Rose Brown (EVP & CAO) purchased 500 shares at $18.73 per share price, according to the Form-4 filing with the securities and exchange commission.

NuStar GP Holdings LLC is a limited liability company. The Company has ownership interests in NuStar Energy L.P. (NuStar Energy) which 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 through NuStar Energy has interests in 81 terminal and storage facilities. NuStar Energy has terminal and storage facilities in the United States Canada Mexico the Netherlands including St. Eustatius in the Caribbean and the United Kingdom. NuStar Energy constructs and operates its pipelines storage terminals and other facilities on land owned by third-parties and Governmental agencies. NuStar Energy’s segments include pipeline segment storage segment and fuels marketing segment. The Company’s wholly owned subsidiary NuStar GP LLC provides administrative services to the Company.

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