Clarus Group Inc. Buys 21,400 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Clarus Group Inc. lifted its position in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 30.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,527 shares of the pipeline company's stock after acquiring an additional 21,400 shares during the period. Plains All American Pipeline makes up approximately 0.6% of Clarus Group Inc.'s holdings, making the stock its 22nd biggest holding. Clarus Group Inc.'s holdings in Plains All American Pipeline were worth $1,563,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PAA. Eclectic Associates Inc. ADV raised its position in shares of Plains All American Pipeline by 7.6% during the fourth quarter. Eclectic Associates Inc. ADV now owns 12,100 shares of the pipeline company's stock worth $207,000 after purchasing an additional 854 shares during the period. Thrivent Financial for Lutherans raised its holdings in Plains All American Pipeline by 5.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 18,146 shares of the pipeline company's stock worth $315,000 after buying an additional 887 shares during the period. U.S. Capital Wealth Advisors LLC lifted its stake in Plains All American Pipeline by 0.4% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 263,645 shares of the pipeline company's stock valued at $4,580,000 after buying an additional 1,047 shares in the last quarter. Wealth Alliance Advisory Group LLC increased its position in shares of Plains All American Pipeline by 1.3% during the fourth quarter. Wealth Alliance Advisory Group LLC now owns 90,350 shares of the pipeline company's stock worth $1,543,000 after acquiring an additional 1,197 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its position in shares of Plains All American Pipeline by 5.8% during the fourth quarter. Arkadios Wealth Advisors now owns 25,089 shares of the pipeline company's stock worth $429,000 after acquiring an additional 1,376 shares in the last quarter. Institutional investors own 41.78% of the company's stock.

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Plains All American Pipeline Stock Performance

PAA stock traded up $0.26 during trading hours on Friday, reaching $19.80. The stock had a trading volume of 2,197,093 shares, compared to its average volume of 4,716,285. The stock has a market capitalization of $13.93 billion, a PE ratio of 17.68 and a beta of 1.65. The stock has a 50-day simple moving average of $18.71 and a 200 day simple moving average of $17.94. Plains All American Pipeline, L.P. has a fifty-two week low of $15.64 and a fifty-two week high of $21.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92.

Plains All American Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, January 31st. This represents a $1.52 dividend on an annualized basis and a yield of 7.68%. This is a boost from Plains All American Pipeline's previous quarterly dividend of $0.32. Plains All American Pipeline's dividend payout ratio (DPR) is presently 135.71%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Bank of America initiated coverage on shares of Plains All American Pipeline in a research note on Thursday, October 17th. They issued a "neutral" rating and a $18.00 target price for the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $19.00 price objective on shares of Plains All American Pipeline in a report on Friday, November 15th. Scotiabank reissued a "sector outperform" rating and issued a $23.00 target price on shares of Plains All American Pipeline in a research report on Friday, January 10th. Wells Fargo & Company downgraded Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $22.00 to $20.00 in a research report on Wednesday, December 18th. Finally, Wolfe Research raised shares of Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price target for the company in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Plains All American Pipeline currently has an average rating of "Hold" and an average price target of $20.21.

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.