Doliver Advisors LP Cuts Stock Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Doliver Advisors LP lessened its holdings in Plains All American Pipeline, L.P. (NYSE:PAA) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Plains All American Pipeline in the third quarter valued at approximately $27,000. Future Financial Wealth Managment LLC acquired a new position in shares of Plains All American Pipeline during the 3rd quarter worth $28,000. Sunbelt Securities Inc. increased its holdings in shares of Plains All American Pipeline by 53.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,795 shares of the pipeline company’s stock valued at $68,000 after purchasing an additional 1,318 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Plains All American Pipeline by 31.2% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 4,460 shares of the pipeline company’s stock valued at $80,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Plains All American Pipeline by 16.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,094 shares of the pipeline company’s stock valued at $109,000 after purchasing an additional 856 shares during the period. Institutional investors and hedge funds own 41.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $19.00 target price on shares of Plains All American Pipeline in a report on Friday, November 15th. Bank of America assumed coverage on Plains All American Pipeline in a research note on Thursday, October 17th. They issued a “neutral” rating and a $18.00 price objective for the company. Wells Fargo & Company downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $22.00 to $20.00 in a research report on Wednesday, December 18th. Finally, Morgan Stanley cut 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 $19.00 in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.82.

Plains All American Pipeline Trading Up 1.2 %

Shares of PAA stock traded up $0.21 during trading hours on Monday, hitting $17.59. 2,128,966 shares of the company were exchanged, compared to its average volume of 4,165,421. The firm has a fifty day moving average of $17.40 and a 200 day moving average of $17.65. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. Plains All American Pipeline, L.P. has a 1 year low of $15.02 and a 1 year high of $19.17. The firm has a market cap of $12.38 billion, a PE ratio of 15.71 and a beta of 1.64.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings results on Friday, November 8th. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 11.63%. The company had revenue of $12.74 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same quarter last year, the business earned $0.35 EPS. Plains All American Pipeline’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts expect that Plains All American Pipeline, L.P. will post 1.24 earnings per share for the current year.

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.