Narwhal Capital Management held its position in shares of Plains All American Pipeline L.P. (NYSE:PAA) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 26,200 shares of the company’s stock at the end of the second quarter. Narwhal Capital Management’s holdings in Plains All American Pipeline L.P. were worth $720,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Capital One National Association boosted its position in Plains All American Pipeline L.P. by 0.4% in the second quarter. Capital One National Association now owns 22,914 shares of the company’s stock worth $630,000 after buying an additional 94 shares during the last quarter. Coastline Trust Co boosted its position in Plains All American Pipeline L.P. by 1.3% in the second quarter. Coastline Trust Co now owns 12,520 shares of the company’s stock worth $344,000 after buying an additional 160 shares during the last quarter. Albert D Mason Inc. boosted its position in Plains All American Pipeline L.P. by 1.0% in the first quarter. Albert D Mason Inc. now owns 47,842 shares of the company’s stock worth $1,003,000 after buying an additional 494 shares during the last quarter. Greylin Investment Mangement Inc. boosted its position in Plains All American Pipeline L.P. by 5.7% in the second quarter. Greylin Investment Mangement Inc. now owns 16,750 shares of the company’s stock worth $460,000 after buying an additional 900 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in Plains All American Pipeline L.P. by 0.7% in the first quarter. Chicago Partners Investment Group LLC now owns 133,491 shares of the company’s stock worth $2,799,000 after buying an additional 919 shares during the last quarter. Institutional investors own 66.00% of the company’s stock.

Shares of Plains All American Pipeline L.P. (NYSE:PAA) traded up 3.65% during mid-day trading on Wednesday, hitting $28.65. 1,854,689 shares of the company traded hands. The stock has a market capitalization of $11.40 billion, a PE ratio of 82.09 and a beta of 0.89. Plains All American Pipeline L.P. has a 1-year low of $14.82 and a 1-year high of $34.98. The firm’s 50 day moving average price is $28.46 and its 200-day moving average price is $25.71.

Plains All American Pipeline L.P. (NYSE:PAA) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The company earned $4.95 billion during the quarter, compared to the consensus estimate of $5.24 billion. Plains All American Pipeline L.P. had a net margin of 3.30% and a return on equity of 10.88%. Plains All American Pipeline L.P.’s revenue for the quarter was down 25.7% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. On average, equities research analysts forecast that Plains All American Pipeline L.P. will post $1.03 EPS for the current year.

PAA has been the subject of several research reports. Zacks Investment Research upgraded shares of Plains All American Pipeline L.P. from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Tuesday, July 5th. Citigroup Inc. restated a “buy” rating and set a $33.50 price objective (up from $30.50) on shares of Plains All American Pipeline L.P. in a research report on Tuesday, August 16th. Morgan Stanley raised their price objective on shares of Plains All American Pipeline L.P. from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 26th. JPMorgan Chase & Co. restated a “hold” rating on shares of Plains All American Pipeline L.P. in a research report on Sunday, May 29th. Finally, Wunderlich restated a “hold” rating and set a $28.00 price objective (up from $25.00) on shares of Plains All American Pipeline L.P. in a research report on Friday, July 15th. Twenty-six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.96.

In other Plains All American Pipeline L.P. news, CEO W David Duckett sold 17,333 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $29.76, for a total value of $515,830.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Vonberg sold 35,410 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $29.95, for a total transaction of $1,060,529.50. Following the completion of the sale, the executive vice president now owns 122,359 shares in the company, valued at $3,664,652.05. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Plains All American Pipeline L.P. Company Profile

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide 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. Its Transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

5 Day Chart for NYSE:PAA

Want to see what other hedge funds are holding PAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Plains All American Pipeline L.P. (NYSE:PAA).

Receive News & Ratings for Plains All American Pipeline L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains All American Pipeline L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.