27,017 Shares in Plains All American Pipeline Lp $PAA Bought by Pin Oak Investment Advisors Inc.

Pin Oak Investment Advisors Inc. purchased a new stake in shares of Plains All American Pipeline Lp (NASDAQ:PAA) in the second quarter, Holdings Channel reports. The firm purchased 27,017 shares of the company’s stock, valued at approximately $601,000.

A number of other large investors have also added to or reduced their stakes in PAA. D.A. Davidson & CO. increased its position in shares of Plains All American Pipeline by 1.6% in the first quarter. D.A. Davidson & CO. now owns 28,439 shares of the company’s stock valued at $635,000 after acquiring an additional 453 shares during the period. Summit Financial LLC grew its stake in shares of Plains All American Pipeline by 1.0% in the fourth quarter. Summit Financial LLC now owns 61,265 shares of the company’s stock worth $1,100,000 after purchasing an additional 599 shares during the last quarter. Symphony Financial Services Inc. increased its holdings in Plains All American Pipeline by 1.4% during the 4th quarter. Symphony Financial Services Inc. now owns 52,496 shares of the company’s stock valued at $943,000 after purchasing an additional 715 shares during the period. Clear Trail Advisors LLC increased its holdings in Plains All American Pipeline by 1.5% during the 1st quarter. Clear Trail Advisors LLC now owns 57,047 shares of the company’s stock valued at $1,274,000 after purchasing an additional 858 shares during the period. Finally, Equitable Holdings Inc. raised its position in Plains All American Pipeline by 5.0% during the 3rd quarter. Equitable Holdings Inc. now owns 18,428 shares of the company’s stock valued at $314,000 after purchasing an additional 875 shares during the last quarter. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Price Performance

Shares of PAA opened at $25.48 on Friday. Plains All American Pipeline Lp has a fifty-two week low of $15.69 and a fifty-two week high of $25.75. The firm’s 50-day simple moving average is $23.58 and its two-hundred day simple moving average is $22.45. The stock has a market cap of $17.98 billion, a PE ratio of 7.06, a price-to-earnings-growth ratio of 8.83 and a beta of 0.50. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.12.

Plains All American Pipeline (NASDAQ:PAA) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.09). Plains All American Pipeline had a return on equity of 12.13% and a net margin of 5.29%.The company had revenue of $17.69 billion during the quarter. During the same quarter in the prior year, the firm earned $0.36 EPS. The firm’s revenue was up 66.3% compared to the same quarter last year. Analysts anticipate that Plains All American Pipeline Lp will post 1.77 earnings per share for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a $0.4175 dividend. This represents a $1.67 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend was Friday, July 31st. Plains All American Pipeline’s dividend payout ratio is currently 46.26%.

Wall Street Analyst Weigh In

PAA has been the topic of a number of recent analyst reports. UBS Group reiterated a “buy” rating on shares of Plains All American Pipeline in a research report on Tuesday, June 16th. Barclays upped their target price on Plains All American Pipeline from $21.00 to $23.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. Weiss Ratings upgraded shares of Plains All American Pipeline from a “buy (b-)” rating to a “buy (b+)” rating in a report on Tuesday. Wall Street Zen downgraded shares of Plains All American Pipeline from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, The Goldman Sachs Group upgraded shares of Plains All American Pipeline from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $18.00 to $24.00 in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.54.

Plains All American Pipeline Company Profile

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.