Plains All American Pipeline Lp $PAA Shares Acquired by Adams Asset Advisors LLC

Adams Asset Advisors LLC increased its stake in shares of Plains All American Pipeline Lp (NASDAQ:PAA) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 827,791 shares of the company’s stock after acquiring an additional 43,000 shares during the period. Plains All American Pipeline comprises 2.0% of Adams Asset Advisors LLC’s holdings, making the stock its 12th largest position. Adams Asset Advisors LLC owned approximately 0.12% of Plains All American Pipeline worth $14,867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Mather Group LLC. acquired a new position in Plains All American Pipeline during the third quarter worth $33,000. Caldwell Trust Co purchased a new stake in shares of Plains All American Pipeline during the third quarter worth about $38,000. Aventura Private Wealth LLC acquired a new position in shares of Plains All American Pipeline during the 4th quarter worth about $42,000. Global Retirement Partners LLC raised its position in shares of Plains All American Pipeline by 468.7% during the 3rd quarter. Global Retirement Partners LLC now owns 2,582 shares of the company’s stock worth $44,000 after purchasing an additional 2,128 shares during the last quarter. Finally, Fulcrum Asset Management LLP purchased a new position in Plains All American Pipeline in the 3rd quarter valued at about $50,000. 41.78% of the stock is currently owned by hedge funds and other institutional investors.

Plains All American Pipeline Price Performance

PAA stock opened at $22.44 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.97. The firm has a 50 day moving average of $20.61. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 3.51 and a beta of 0.58. Plains All American Pipeline Lp has a 1 year low of $15.57 and a 1 year high of $22.79.

Plains All American Pipeline (NASDAQ:PAA) last announced its quarterly earnings data on Friday, February 6th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.33). Plains All American Pipeline had a return on equity of 10.76% and a net margin of 3.21%.During the same period in the previous year, the company posted $0.42 EPS. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis.

Plains All American Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were issued a $0.4175 dividend. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.38. This represents a $1.67 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend was Friday, January 30th. Plains All American Pipeline’s payout ratio is currently 100.60%.

Analysts Set New Price Targets

Several equities research analysts have commented on PAA shares. Truist Financial began coverage on Plains All American Pipeline in a research note on Tuesday, March 24th. They set a “buy” rating and a $23.00 price objective for the company. Royal Bank Of Canada raised their target price on Plains All American Pipeline from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Wall Street Zen lowered Plains All American Pipeline from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Morgan Stanley boosted their price target on Plains All American Pipeline from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 18th. Finally, Stifel Nicolaus increased their price objective on Plains All American Pipeline from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.85.

About Plains All American Pipeline

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.