NuStar GP Holdings LLC (NSH) is Upgraded by Citigroup to Buy

NuStar GP Holdings LLC (NSH) was Upgraded by Citigroup to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Aug 12, 2016.

NuStar GP Holdings LLC opened for trading at $24.19 and hit $24.82 on the upside on Monday, eventually ending the session at $24.4, with a gain of 1.20% or 0.29 points. The heightened volatility saw the trading volume jump to 55,396 shares. Company has a market cap of $1,048 M.

In a different news, on Feb 9, 2016, James F Clingman (director) sold 14,335 shares at $29.03 per share price. According to the SEC, on Dec 14, 2015, Mary Rose Brown (EVP & CAO) purchased 500 shares at $18.73 per share price. On Dec 8, 2015, Bradley C Barron (CEO) purchased 1,000 shares at $18.90 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.

NuStar GP Holdings LLC

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