Inter Pipeline Ltd (TSE:IPL) Director Alison Taylor Love acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average price of C$23.27 per share, with a total value of C$23,270.00.

Shares of Inter Pipeline Ltd (TSE:IPL) traded down 1.37% during midday trading on Tuesday, hitting $23.12. The company’s stock had a trading volume of 1,251,079 shares. Inter Pipeline Ltd has a 12-month low of $23.02 and a 12-month high of $30.07. The firm has a 50-day moving average of $24.82 and a 200 day moving average of $26.94. The firm has a market cap of $8.76 billion and a price-to-earnings ratio of 17.34.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.135 per share. The ex-dividend date is Friday, August 18th. This represents a $1.62 annualized dividend and a yield of 7.01%.

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A number of research firms recently issued reports on IPL. Raymond James Financial, Inc. dropped their price objective on Inter Pipeline from C$30.00 to C$26.00 and set a “market perform” rating for the company in a report on Monday. Royal Bank Of Canada dropped their price objective on Inter Pipeline from C$32.00 to C$30.00 and set an “outperform” rating for the company in a report on Monday. CIBC dropped their price objective on Inter Pipeline from C$32.00 to C$31.00 in a report on Monday, July 24th. BMO Capital Markets dropped their price objective on Inter Pipeline from C$29.00 to C$27.00 in a report on Friday. Finally, Scotiabank dropped their price objective on Inter Pipeline from C$29.00 to C$28.00 and set a “sector perform” rating for the company in a report on Monday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Inter Pipeline currently has an average rating of “Hold” and a consensus target price of C$29.78.

About Inter Pipeline

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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