ValuEngine downgraded shares of NuStar GP (NYSE:NSH) from a buy rating to a hold rating in a research report sent to investors on Sunday.

A number of other research firms also recently issued reports on NSH. Barclays cut their price objective on shares of NuStar GP from $22.00 to $21.00 and set an equal weight rating for the company in a report on Wednesday, November 8th. Zacks Investment Research upgraded shares of NuStar GP from a sell rating to a hold rating in a research report on Wednesday, November 15th. Mizuho restated a hold rating and issued a $21.00 target price on shares of NuStar GP in a research report on Friday, November 10th. Citigroup dropped their target price on shares of NuStar GP from $30.00 to $24.00 and set a buy rating for the company in a research report on Tuesday, October 10th. Finally, UBS Group dropped their target price on shares of NuStar GP from $33.00 to $21.00 and set a buy rating for the company in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. NuStar GP presently has an average rating of Hold and a consensus target price of $22.33.

Shares of NuStar GP (NYSE:NSH) traded up $0.05 during mid-day trading on Friday, hitting $16.00. 217,300 shares of the company traded hands, compared to its average volume of 275,400. The company has a market cap of $687.23, a P/E ratio of 8.04 and a beta of 1.02. NuStar GP has a 1-year low of $13.50 and a 1-year high of $31.50.

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

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About NuStar GP

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NuStar GP (NYSE:NSH)

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