Plains All American Pipeline, L.P. (NYSE:PAA) Shares Sold by Doliver Advisors LP

Doliver Advisors LP lessened its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 16.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,428 shares of the pipeline company’s stock after selling 4,400 shares during the quarter. Doliver Advisors LP’s holdings in Plains All American Pipeline were worth $383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAA. Bank of New York Mellon Corp grew its position in shares of Plains All American Pipeline by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 139,230 shares of the pipeline company’s stock valued at $2,487,000 after acquiring an additional 2,203 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Plains All American Pipeline by 2.2% in the second quarter. Commonwealth Equity Services LLC now owns 128,301 shares of the pipeline company’s stock worth $2,291,000 after acquiring an additional 2,759 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Plains All American Pipeline by 0.9% during the second quarter. Private Advisor Group LLC now owns 106,845 shares of the pipeline company’s stock worth $1,908,000 after purchasing an additional 927 shares in the last quarter. Acadian Asset Management LLC raised its stake in Plains All American Pipeline by 114.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,908,416 shares of the pipeline company’s stock valued at $34,081,000 after purchasing an additional 1,020,277 shares during the last quarter. Finally, PFG Investments LLC lifted its holdings in Plains All American Pipeline by 4.9% in the 2nd quarter. PFG Investments LLC now owns 30,744 shares of the pipeline company’s stock valued at $549,000 after purchasing an additional 1,427 shares in the last quarter. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Performance

Shares of Plains All American Pipeline stock traded up $0.21 on Monday, hitting $17.59. The stock had a trading volume of 2,128,966 shares, compared to its average volume of 4,165,421. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 15.71 and a beta of 1.64. Plains All American Pipeline, L.P. has a 52-week low of $15.02 and a 52-week high of $19.17. The company’s 50 day moving average price is $17.40 and its 200 day moving average price is $17.65. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings results on Friday, November 8th. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The firm had revenue of $12.74 billion during the quarter, compared to analysts’ expectations of $13.09 billion. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 11.63%. Plains All American Pipeline’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS. On average, research analysts anticipate that Plains All American Pipeline, L.P. will post 1.24 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PAA shares. Bank of America started coverage on shares of Plains All American Pipeline in a research report on Thursday, October 17th. They issued a “neutral” rating and a $18.00 target price for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $19.00 target price on shares of Plains All American Pipeline in a research note on Friday, November 15th. Wells Fargo & Company lowered Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $22.00 to $20.00 in a research report on Wednesday, December 18th. Finally, Morgan Stanley lowered Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $22.00 to $19.00 in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Plains All American Pipeline presently has an average rating of “Hold” and an average price target of $19.82.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.