Oxbow Advisors LLC Has $1.95 Million Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Oxbow Advisors LLC cut its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,932 shares of the pipeline company’s stock after selling 2,000 shares during the quarter. Oxbow Advisors LLC’s holdings in Plains All American Pipeline were worth $1,946,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Sense Advisors Inc. grew its stake in shares of Plains All American Pipeline by 5.4% in the fourth quarter. Financial Sense Advisors Inc. now owns 16,027 shares of the pipeline company’s stock valued at $274,000 after buying an additional 823 shares in the last quarter. Eclectic Associates Inc. ADV grew its stake in shares of Plains All American Pipeline by 7.6% in the fourth quarter. Eclectic Associates Inc. ADV now owns 12,100 shares of the pipeline company’s stock valued at $207,000 after buying an additional 854 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Plains All American Pipeline by 5.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 17,195 shares of the pipeline company’s stock valued at $294,000 after buying an additional 885 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Plains All American Pipeline by 5.1% in the third quarter. Thrivent Financial for Lutherans now owns 18,146 shares of the pipeline company’s stock valued at $315,000 after buying an additional 887 shares in the last quarter. Finally, Wealth Alliance Advisory Group LLC grew its stake in shares of Plains All American Pipeline by 1.3% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 90,350 shares of the pipeline company’s stock valued at $1,543,000 after buying an additional 1,197 shares in the last quarter. 41.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PAA has been the subject of several analyst reports. Raymond James raised their target price on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 28th. Morgan Stanley cut shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $22.00 to $19.00 in a research report on Friday, October 25th. Barclays lifted their price objective on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Scotiabank reaffirmed a “sector outperform” rating and set a $23.00 price objective on shares of Plains All American Pipeline in a research report on Friday, January 10th. 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 objective for the company in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Plains All American Pipeline has a consensus rating of “Hold” and an average target price of $20.21.

Plains All American Pipeline Stock Down 0.7 %

PAA stock opened at $20.48 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The company has a market cap of $14.41 billion, a PE ratio of 28.05 and a beta of 1.65. Plains All American Pipeline, L.P. has a 52 week low of $16.18 and a 52 week high of $21.00. The business has a 50-day simple moving average of $18.94 and a 200 day simple moving average of $18.01.

Plains All American Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.38 per share. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.52 annualized dividend and a yield of 7.42%. Plains All American Pipeline’s payout ratio is presently 208.22%.

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.