Plains All American Pipeline, L.P. (NYSE:PAA) Stock Holdings Trimmed by Mariner LLC

Mariner LLC lessened its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 968,921 shares of the pipeline company’s stock after selling 16,082 shares during the quarter. Mariner LLC owned about 0.14% of Plains All American Pipeline worth $16,548,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in Plains All American Pipeline by 4.7% in the fourth quarter. Larson Financial Group LLC now owns 13,083 shares of the pipeline company’s stock worth $223,000 after purchasing an additional 583 shares during the period. Financial Sense Advisors Inc. lifted its stake in shares of Plains All American Pipeline by 5.4% in the 4th quarter. Financial Sense Advisors Inc. now owns 16,027 shares of the pipeline company’s stock worth $274,000 after acquiring an additional 823 shares during the period. World Investment Advisors lifted its stake in shares of Plains All American Pipeline by 4.2% in the 4th quarter. World Investment Advisors now owns 21,100 shares of the pipeline company’s stock worth $360,000 after acquiring an additional 850 shares during the period. Eclectic Associates Inc. ADV boosted its holdings 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 acquiring an additional 854 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in shares of Plains All American Pipeline by 5.4% during the fourth quarter. Valeo Financial Advisors LLC now owns 17,195 shares of the pipeline company’s stock valued at $294,000 after acquiring an additional 885 shares during the period. 41.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PAA. Wolfe Research raised 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. Raymond James raised their target price on 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. Wells Fargo & Company cut shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $22.00 to $20.00 in a research report on Wednesday, December 18th. Scotiabank reduced their price objective on shares of Plains All American Pipeline from $23.00 to $22.00 and set a “sector outperform” rating for the company in a research report on Thursday, March 6th. Finally, Morgan Stanley lifted their price objective on shares of Plains All American Pipeline from $19.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.36.

Plains All American Pipeline Stock Performance

Plains All American Pipeline stock opened at $17.50 on Thursday. Plains All American Pipeline, L.P. has a fifty-two week low of $15.58 and a fifty-two week high of $21.00. The firm’s 50 day simple moving average is $19.22 and its 200-day simple moving average is $18.43. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The company has a market cap of $12.32 billion, a P/E ratio of 23.97 and a beta of 1.17.

Plains All American Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 8.69%. The ex-dividend date of this dividend is Thursday, May 1st. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 208.22%.

About Plains All American Pipeline

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.