November 25, 2016 - By Vivian Park · 0 Comments
Plains All American Pipeline LP (NYSE:PAA) institutional sentiment increased to 1.34 in Q2 2016. Its up 0.36, from 0.98 in 2016Q1. The ratio has improved, as 158 funds increased and opened new stock positions, while 162 decreased and sold stock positions in Plains All American Pipeline LP. The funds in our partner’s database now have: 240.10 million shares, down from 250.29 million shares in 2016Q1. Also, the number of funds holding Plains All American Pipeline LP in their top 10 stock positions increased from 16 to 20 for an increase of 4. Sold All: 38 Reduced: 124 Increased: 101 New Position: 57.
Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids , natural gas and refined products. The company has a market cap of $12.82 billion. The Firm operates through three divisions: Transportation, Facilities, and Supply and Logistics. It has a 61.59 P/E ratio. The Company’s Transportation segment activities consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.
The stock decreased 1.83% or $0.58 on November 25, hitting $31.12. About 1.28M shares traded hands. Plains All American Pipeline, L.P. (NYSE:PAA) has risen 29.60% since April 22, 2016 and is uptrending. It has outperformed by 24.19% the S&P500.
Analysts await Plains All American Pipeline, L.P. (NYSE:PAA) to report earnings on February, 13. They expect $0.42 earnings per share, up 75.00% or $0.18 from last year’s $0.24 per share. PAA’s profit will be $173.02 million for 18.52 P/E if the $0.42 EPS becomes a reality. After $0.40 actual earnings per share reported by Plains All American Pipeline, L.P. for the previous quarter, Wall Street now forecasts 5.00% EPS growth.
According to Zacks Investment Research, “Plains All American Pipeline, L.P. is engaged in interstate and intrastate marketing, transportation and terminalling of crude oil.”
Rr Advisors Llc holds 11.99% of its portfolio in Plains All American Pipeline, L.P. for 2.93 million shares. C V Starr & Co Inc owns 70,000 shares or 9.33% of their US portfolio. Moreover, Travelers Companies Inc. has 8.37% invested in the company for 979,400 shares. The Texas-based Center Coast Capital Advisors Lp has invested 7.95% in the stock. Tortoise Capital Advisors L.L.C., a Kansas-based fund reported 32.26 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 2 insider sales for $1.58 million net activity.
Ratings analysis reveals 29% of Plains All American Pipeline LP’s analysts are positive. Out of 24 Wall Street analysts rating Plains All American Pipeline LP, 7 give it “Buy”, 1 “Sell” rating, while 16 recommend “Hold”. The lowest target is $16 while the high is $49. The stock’s average target of $30.53 is -1.90% below today’s ($31.12) share price. PAA was included in 52 notes of analysts from August 6, 2015. The rating was upgraded by Robert W. Baird on Thursday, December 10 to “Outperform”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, April 28 report. The firm has “Equal Weight” rating given on Monday, January 11 by Barclays Capital. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) has “Hold” rating given on Wednesday, August 31 by Wunderlich. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) has “Overweight” rating given on Tuesday, October 4 by Morgan Stanley. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, January 15. The firm has “Outperform” rating by RBC Capital Markets given on Monday, November 16. As per Wednesday, July 13, the company rating was upgraded by Robert W. Baird. The rating was downgraded by Goldman Sachs on Friday, September 11 to “Sell”. The rating was downgraded by Goldman Sachs to “Neutral” on Thursday, August 6.
Plains All American Pipeline, L.P., incorporated on September 17, 1998, owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Firm operates through three divisions: Transportation, Facilities, and Supply and Logistics. Through its divisions, the Company is engaged in the transportation, storage, terminalling and marketing of crude oil, NGL and natural gas. The majority of its activities are focused on crude oil, which is the principal feedstock used by refineries in the production of transportation fuels. The Firm owns a network of pipeline transportation, terminalling, storage and gathering assets in crude oil and NGL producing basins and transportation corridors and at market hubs in the United States and Canada.
More news for Plains All American Pipeline, L.P. (NYSE:PAA) were recently published by: Businesswire.com, which released: “Plains All American Pipeline, L.P. and Plains GP Holdings, L.P. Announce …” on November 15, 2016. Seekingalpha.com‘s article titled: “Plains All American Pipeline LP (PAA) Q3 2016 Results – Earnings Call Transcript” and published on November 04, 2016 is yet another important article.
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By Vivian Park