Traders Buy High Volume of Plains All American Pipeline Call Options (NYSE:PAA)

Plains All American Pipeline, L.P. (NYSE:PAAGet Rating) saw some unusual options trading activity on Friday. Stock investors purchased 11,610 call options on the stock. This is an increase of approximately 242% compared to the typical daily volume of 3,399 call options.

Plains All American Pipeline Price Performance

NYSE:PAA opened at $12.14 on Friday. Plains All American Pipeline has a one year low of $9.10 and a one year high of $12.75. The company has a market cap of $8.48 billion, a P/E ratio of 8.37 and a beta of 1.69. The firm’s fifty day moving average price is $11.93 and its two-hundred day moving average price is $11.57. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.93.

Plains All American Pipeline (NYSE:PAAGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The pipeline company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The business had revenue of $14.34 billion for the quarter, compared to the consensus estimate of $16.50 billion. Plains All American Pipeline had a net margin of 2.05% and a return on equity of 9.41%. Plains All American Pipeline’s revenue was up 33.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share. Equities analysts expect that Plains All American Pipeline will post 1.27 earnings per share for the current year.

Plains All American Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st will be issued a dividend of $0.2675 per share. This is a positive change from Plains All American Pipeline’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, January 30th. This represents a $1.07 annualized dividend and a yield of 8.81%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 60.00%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PAA. StockNews.com lowered shares of Plains All American Pipeline from a “buy” rating to a “hold” rating in a research note on Tuesday, January 3rd. JPMorgan Chase & Co. cut shares of Plains All American Pipeline from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $15.00 to $14.00 in a report on Monday, November 21st. TD Securities boosted their price objective on shares of Plains All American Pipeline from $14.50 to $15.00 and gave the company a “buy” rating in a research report on Thursday, November 3rd. Citigroup started coverage on Plains All American Pipeline in a report on Thursday, December 8th. They issued a “buy” rating and a $14.00 price target on the stock. Finally, Wells Fargo & Company dropped their target price on Plains All American Pipeline from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, November 4th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.50.

Institutional Trading of Plains All American Pipeline

Several large investors have recently modified their holdings of PAA. UBS Group AG lifted its stake in Plains All American Pipeline by 20.0% during the 2nd quarter. UBS Group AG now owns 10,163,484 shares of the pipeline company’s stock valued at $99,805,000 after acquiring an additional 1,696,004 shares in the last quarter. Mather Group LLC. bought a new position in Plains All American Pipeline during the 2nd quarter valued at $138,000. Moody Aldrich Partners LLC bought a new position in Plains All American Pipeline during the 3rd quarter valued at $1,104,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Plains All American Pipeline by 21.6% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,563,414 shares of the pipeline company’s stock valued at $84,093,000 after acquiring an additional 1,520,490 shares in the last quarter. Finally, United Capital Financial Advisers LLC lifted its stake in Plains All American Pipeline by 45.5% during the 2nd quarter. United Capital Financial Advisers LLC now owns 170,781 shares of the pipeline company’s stock valued at $1,677,000 after acquiring an additional 53,435 shares in the last quarter. Institutional investors and hedge funds own 42.26% of the company’s stock.

Plains All American Pipeline Company Profile

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Plains All American Pipeline LP engages in the provision of logistics services and owns midstream energy infrastructure. It operates through the following business segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment includes transporting crude oil and natural gas liquids (NGL) on pipelines, gathering systems, and trucks.

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