Samson Capital Management LLC Has $4.23 Million Position in Plains All American Pipeline, L.P. (PAA)

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Samson Capital Management LLC increased its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,762 shares of the pipeline company’s stock after purchasing an additional 3,753 shares during the period. Plains All American Pipeline accounts for approximately 4.7% of Samson Capital Management LLC’s portfolio, making the stock its 11th largest position. Samson Capital Management LLC’s holdings in Plains All American Pipeline were worth $4,226,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Plains All American Pipeline during the second quarter worth $270,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of Plains All American Pipeline during the first quarter worth $108,000. Stuart Chaussee & Associates Inc. acquired a new position in shares of Plains All American Pipeline during the second quarter worth $162,000. Penn Davis Mcfarland Inc. acquired a new position in shares of Plains All American Pipeline during the second quarter worth $201,000. Finally, Leavell Investment Management Inc. acquired a new position in shares of Plains All American Pipeline during the second quarter worth $211,000. Hedge funds and other institutional investors own 46.00% of the company’s stock.

In other Plains All American Pipeline news, VP Chris Herbold sold 10,591 shares of the company’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $26.35, for a total value of $279,072.85. Following the completion of the transaction, the vice president now owns 34,227 shares in the company, valued at $901,881.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

NYSE PAA opened at $25.36 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.63. Plains All American Pipeline, L.P. has a 1 year low of $18.38 and a 1 year high of $27.70. The firm has a market capitalization of $19.11 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 2.09 and a beta of 0.81.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings data on Tuesday, August 7th. The pipeline company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.15. Plains All American Pipeline had a net margin of 2.04% and a return on equity of 12.80%. The company had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $8.18 billion. sell-side analysts anticipate that Plains All American Pipeline, L.P. will post 1.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 14th. Shareholders of record on Tuesday, July 31st were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, July 30th. This represents a $1.20 annualized dividend and a yield of 4.73%. Plains All American Pipeline’s dividend payout ratio is presently 127.66%.

A number of brokerages recently commented on PAA. US Capital Advisors upgraded shares of Plains All American Pipeline from a “hold” rating to an “overweight” rating and set a $30.00 target price for the company in a research note on Friday, August 24th. JPMorgan Chase & Co. boosted their target price on shares of Plains All American Pipeline from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. BMO Capital Markets reiterated a “buy” rating and set a $29.00 target price on shares of Plains All American Pipeline in a research note on Monday, August 13th. TheStreet downgraded shares of Plains All American Pipeline from a “b-” rating to a “c+” rating in a research note on Wednesday, August 8th. Finally, SunTrust Banks restated a “buy” rating and issued a $29.00 price objective on shares of Plains All American Pipeline in a research note on Thursday, August 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. Plains All American Pipeline presently has an average rating of “Buy” and a consensus target price of $27.00.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

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Institutional Ownership by Quarter for Plains All American Pipeline (NYSE:PAA)

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