Inter Pipeline Ltd (TSE:IPL) insider Cory Wade Neufeld bought 2,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average cost of C$23.54 per share, for a total transaction of C$47,080.00.

Cory Wade Neufeld also recently made the following trade(s):

  • On Thursday, June 15th, Cory Wade Neufeld bought 2,300 shares of Inter Pipeline stock. The stock was bought at an average cost of C$25.61 per share, for a total transaction of C$58,903.00.
  • On Wednesday, May 17th, Cory Wade Neufeld bought 1,000 shares of Inter Pipeline stock. The stock was bought at an average cost of C$26.59 per share, for a total transaction of C$26,590.00.

Shares of Inter Pipeline Ltd (IPL) traded up 0.95% on Monday, reaching $23.44. 1,103,566 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $24.82 and a 200 day moving average price of $26.94. The firm has a market cap of $8.88 billion and a PE ratio of 17.58. Inter Pipeline Ltd has a one year low of $23.10 and a one year high of $30.07.

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.62 annualized dividend and a dividend yield of 6.91%.

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IPL has been the topic of a number of recent analyst reports. CIBC lowered their target price on shares of Inter Pipeline from C$32.00 to C$31.00 in a research note on Monday, July 24th. BMO Capital Markets lowered their target price on shares of Inter Pipeline from C$29.00 to C$27.00 in a research note on Friday. National Bank Financial lowered their target price on shares of Inter Pipeline from C$32.00 to C$31.00 and set a “sector perform” rating on the stock in a research note on Friday. Raymond James Financial, Inc. lowered their target price on shares of Inter Pipeline from C$30.00 to C$26.00 and set a “market perform” rating on the stock in a research note on Monday. Finally, Royal Bank Of Canada lowered their target price on shares of Inter Pipeline from C$32.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of C$29.78.

Inter Pipeline Company Profile

Inter Pipeline Ltd. engages in the petroleum transportation, natural gas liquids processing, and bulk liquid storage businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation, Conventional Oil Pipelines, Natural Gas Liquids (NGL) Processing, and Bulk Liquid Storage.

Insider Buying and Selling by Quarter for Inter Pipeline (TSE:IPL)

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