Plains All American Pipeline, L.P. (NYSE:PAA) Shares Sold by Mariner LLC

Mariner LLC lessened its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 968,921 shares of the pipeline company's stock after selling 16,082 shares during the quarter. Mariner LLC owned 0.14% of Plains All American Pipeline worth $16,548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Morse Asset Management Inc grew its holdings in Plains All American Pipeline by 12.7% during the third quarter. Morse Asset Management Inc now owns 45,350 shares of the pipeline company's stock worth $788,000 after acquiring an additional 5,100 shares during the period. Barclays PLC lifted its position in Plains All American Pipeline by 1.6% during the third quarter. Barclays PLC now owns 2,008,321 shares of the pipeline company's stock worth $34,885,000 after buying an additional 32,061 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Plains All American Pipeline by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 595,776 shares of the pipeline company's stock worth $10,349,000 after purchasing an additional 1,989 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Plains All American Pipeline by 15.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 55,494 shares of the pipeline company's stock worth $996,000 after acquiring an additional 7,265 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Plains All American Pipeline during the third quarter worth about $27,000. Institutional investors and hedge funds own 41.78% of the company's stock.

Plains All American Pipeline Stock Performance

Shares of NYSE PAA traded up $0.28 during trading hours on Tuesday, reaching $17.61. The stock had a trading volume of 487,976 shares, compared to its average volume of 4,121,903. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 24.10 and a beta of 1.17. Plains All American Pipeline, L.P. has a fifty-two week low of $15.57 and a fifty-two week high of $21.00. The firm has a 50-day moving average of $19.10 and a 200-day moving average of $18.45. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.38 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.63%. Plains All American Pipeline's payout ratio is 208.22%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PAA shares. Raymond James upped their price objective on Plains All American Pipeline from $23.00 to $24.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 28th. Scotiabank cut their target price on shares of Plains All American Pipeline from $23.00 to $22.00 and set a "sector outperform" rating on the stock in a research note on Thursday, March 6th. Wolfe Research upgraded 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. Morgan Stanley increased their price objective on shares of Plains All American Pipeline from $19.00 to $23.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 25th. Finally, Barclays lowered their target price on shares of Plains All American Pipeline from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $20.36.

Plains All American Pipeline 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.