Plains All American Pipeline, L.P. (NYSE:PAA) was the target of some unusual options trading on Wednesday. Stock investors bought 15,260 call options on the company. This is an increase of approximately Infinity compared to the average volume of 0 call options.

Shares of Plains All American Pipeline, L.P. (PAA) opened at $21.09 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 1.12. Plains All American Pipeline, L.P. has a 52-week low of $18.76 and a 52-week high of $33.95. The company has a market capitalization of $15,370.00, a P/E ratio of 25.63 and a beta of 1.02.

Plains All American Pipeline, L.P. (NYSE:PAA) last announced its quarterly earnings data on Monday, November 6th. The pipeline company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). Plains All American Pipeline, L.P. had a return on equity of 9.15% and a net margin of 3.22%. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter in the prior year, the business posted $0.39 EPS. Plains All American Pipeline, L.P.’s revenue was up 13.6% compared to the same quarter last year. sell-side analysts expect that Plains All American Pipeline, L.P. will post 1.34 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st will be given a $0.30 dividend. The ex-dividend date is Monday, October 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.69%. Plains All American Pipeline, L.P.’s dividend payout ratio is currently 255.81%.

Several institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. lifted its position in shares of Plains All American Pipeline, L.P. by 10.9% during the 3rd quarter. Alps Advisors Inc. now owns 33,958,970 shares of the pipeline company’s stock worth $719,591,000 after buying an additional 3,346,596 shares during the period. Tortoise Capital Advisors L.L.C. lifted its position in shares of Plains All American Pipeline, L.P. by 0.8% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 33,341,100 shares of the pipeline company’s stock worth $875,871,000 after buying an additional 255,459 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Plains All American Pipeline, L.P. by 19.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,489,794 shares of the pipeline company’s stock worth $201,184,000 after buying an additional 1,562,189 shares during the period. Center Coast Capital Advisors LP lifted its position in shares of Plains All American Pipeline, L.P. by 13.0% during the 3rd quarter. Center Coast Capital Advisors LP now owns 9,155,804 shares of the pipeline company’s stock worth $194,011,000 after buying an additional 1,056,634 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of Plains All American Pipeline, L.P. by 50.4% during the 2nd quarter. Bank of Montreal Can now owns 7,853,634 shares of the pipeline company’s stock worth $206,315,000 after buying an additional 2,631,118 shares during the period. Institutional investors and hedge funds own 41.46% of the company’s stock.

PAA has been the topic of a number of analyst reports. BidaskClub lowered Plains All American Pipeline, L.P. from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Jefferies Group LLC raised Plains All American Pipeline, L.P. from a “hold” rating to a “buy” rating and lowered their price objective for the company from $28.00 to $23.00 in a report on Monday, August 21st. Zacks Investment Research lowered Plains All American Pipeline, L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. UBS AG raised Plains All American Pipeline, L.P. from an “outperform” rating to a “strong-buy” rating in a report on Monday, August 28th. Finally, Scotiabank set a $36.00 price objective on Plains All American Pipeline, L.P. and gave the company a “buy” rating in a report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Plains All American Pipeline, L.P. currently has an average rating of “Hold” and an average target price of $27.65.

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About Plains All American Pipeline, L.P.

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. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

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