Plains All American Pipeline L.P. (PAA) CEO Sells $515830.08 in Stock

In other news, EVP John Vonberg sold 35,410 shares of Plains All American Pipeline L.P. stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $29.95, for a total value of $1,060,529.50. The average volume stands around 3.3 million shares. The disclosure for this sale can be found here.

PAA has been the subject of several analyst reports. “0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “0” brokerage firms.

08/03/2016 – Plains All American Pipeline, L.P. was upgraded to “neutral” by analysts at Goldman Sachs. RBC Capital Markets reaffirmed a “sector perform” rating and set a $29.00 price objective (up previously from $22.00) on shares of Plains All American Pipeline L.P.in a report on Wednesday, August 17th.

Plains All American Pipeline, L.P. holds a dividend yield of 9.79%, and depicts the price/earnings ratio (P/E) to be 82.18. The recommendation is based on a 1 to 5 scale where 1 or 2 indicates a Buy recommendation, 3 a Hold and 4-5 a Sell. All these are top brokerages of Wall Street and trail the company’s performance regularly. (NYSE:PAA) opened at 29.35 on Tuesday. The company most recent volume stood at 1.88 million shares as compared to its average volume of 2.51 million shares.

The stock is now trading at Distance from 20-Day simple moving Average of 7.58% whereas, Distance from 50-Day Simple moving average is 11.32 Percent and Distance from 200-Day Simple Moving Average of 29.6 percent.

Plains All American Pipeline, L.P. has been operating with a total market capitalizations of 11826 and has reported a price of 29.3 today, highlighting a positive change of -0.17%.

On Thursday, Shares of Plains All American Pipeline, L.P.(NYSE:PAA), subtract -0.24% and closed at $28.53 in the last trading session. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The company’s revenue was down 25.7% compared to the same quarter past year. SunTrust Banks Inc. assumed coverage on shares of Plains All American Pipeline L.P.in a research report on Tuesday, June 14th.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. The ex-dividend date of this dividend was Wednesday, July 27th.

A number of Reuters analysts recently commented on the stock.

On 8/22/2016, Capital One Financial Corp.

07/13/2016 – Plains All American Pipeline, L.P. had its “neutral” rating reiterated by analysts at Robert W. Baird. Moreover, Travelers Companies Inc. has 7.27% invested in the company for 979,400 shares.

07/08/2016 – Plains All American Pipeline, L.P. was downgraded to “equal weight” by analysts at Barclays. In the latest research report, Citigroup raises the target price from $12 per share to $12.5 per share. The number of shares now owned by investors are 614.36 mln. Finally, Chicago Partners Investment Group LLC raised its stake in Plains All American Pipeline L.P.by 0.7% in the first quarter. This level is the mean price reached by averaging the stock views of 14 analysts. PAA owns and operates midstream energy infrastructure and provides 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. The Company’s Transportation segment activities consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.