Plains All American Pipeline L.P. (NYSE:PAA) was up 3.9% on Monday after Howard Weil raised their price target on the stock from $28.00 to $36.00. Howard Weil currently has a sector outperform rating on the stock. Plains All American Pipeline L.P. traded as high as $32.55 and last traded at $32.33, with a volume of 939,489 shares traded. The stock had previously closed at $31.13.

A number of other research firms also recently commented on PAA. SunTrust Banks Inc. assumed coverage on Plains All American Pipeline L.P. in a research note on Tuesday, June 14th. They issued a “neutral” rating and a $30.00 price target for the company. Zacks Investment Research raised Plains All American Pipeline L.P. from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Tuesday, July 5th. Robert W. Baird raised Plains All American Pipeline L.P. from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $14.00 to $30.00 in a research note on Wednesday, July 13th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $32.00 price target (up previously from $26.00) on shares of Plains All American Pipeline L.P. in a research note on Friday, July 15th. Finally, Wunderlich reaffirmed a “hold” rating and issued a $28.00 price target (up previously from $25.00) on shares of Plains All American Pipeline L.P. in a research note on Friday, July 15th. Twenty-three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.29.

In other Plains All American Pipeline L.P. news, CEO W David Duckett sold 17,333 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $29.76, for a total value of $515,830.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John Vonberg sold 35,410 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $29.95, for a total value of $1,060,529.50. Following the completion of the transaction, the executive vice president now directly owns 122,359 shares in the company, valued at $3,664,652.05. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. MCF Advisors LLC raised its position in shares of Plains All American Pipeline L.P. by 2.4% in the second quarter. MCF Advisors LLC now owns 3,714 shares of the company’s stock valued at $102,000 after buying an additional 87 shares during the period. Capital One National Association raised its position in shares of Plains All American Pipeline L.P. by 0.4% in the second quarter. Capital One National Association now owns 22,914 shares of the company’s stock valued at $630,000 after buying an additional 94 shares during the period. Coastline Trust Co raised its position in shares of Plains All American Pipeline L.P. by 1.3% in the second quarter. Coastline Trust Co now owns 12,520 shares of the company’s stock valued at $344,000 after buying an additional 160 shares during the period. Sterling Investment Management Inc. raised its position in shares of Plains All American Pipeline L.P. by 1.6% in the second quarter. Sterling Investment Management Inc. now owns 12,182 shares of the company’s stock valued at $1,713,000 after buying an additional 192 shares during the period. Finally, US Bancorp DE raised its position in shares of Plains All American Pipeline L.P. by 0.3% in the second quarter. US Bancorp DE now owns 98,382 shares of the company’s stock valued at $2,705,000 after buying an additional 264 shares during the period. 65.95% of the stock is currently owned by hedge funds and other institutional investors.

The stock’s 50-day moving average is $29.14 and its 200 day moving average is $26.33. The firm has a market cap of $12.85 billion, a PE ratio of 92.593 and a beta of 0.91.

Plains All American Pipeline L.P. (NYSE:PAA) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. The company had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.24 billion. Plains All American Pipeline L.P. had a return on equity of 10.88% and a net margin of 3.30%. Plains All American Pipeline L.P.’s revenue for the quarter was down 25.7% compared to the same quarter last year. During the same period last year, the firm posted $0.27 EPS. On average, equities research analysts anticipate that Plains All American Pipeline L.P. will post $1.03 EPS for the current year.

About Plains All American Pipeline L.P.

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. Its Transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

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