Investors Purchase High Volume of Plains All American Pipeline Call Options (NYSE:PAA)

Key Points

• On Monday, traders purchased 11,799 call options for Plains All American Pipeline, marking a significant 158% increase over the average daily volume.
• Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and a price target of $20.67, alongside recent upgrades from various research institutions.
• The company declared a quarterly dividend of $0.38 per share, resulting in an annualized yield of 8.6%, despite a high dividend payout ratio of 172.73%.

Plains All American Pipeline, L.P. (NYSE:PAA - Get Free Report) saw some unusual options trading activity on Monday. Stock investors bought 11,799 call options on the stock. Thisrepresentsanincreaseofapproximately158% compared to the typical daily volume of 4,571 call options.

Plains All American Pipeline Stock Performance

PAA traded up $0.11 during trading hours on Friday, reaching $18.00. The company's stock had a trading volume of 1,783,121 shares, compared to its average volume of 3,552,938. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. The firm has a market cap of $12.66 billion, a PE ratio of 24.66 and a beta of 0.73. The company's 50-day moving average is $18.18 and its 200-day moving average is $18.24. Plains All American Pipeline has a 52 week low of $15.57 and a 52 week high of $21.00.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The pipeline company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. Plains All American Pipeline had a return on equity of 11.69% and a net margin of 1.54%.The firm's revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. On average, equities analysts forecast that Plains All American Pipeline will post 1.52 EPS for the current year.

Plains All American Pipeline Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, July 31st were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.52 annualized dividend and a yield of 8.4%. Plains All American Pipeline's dividend payout ratio (DPR) is 172.73%.

Institutional Trading of Plains All American Pipeline

Several large investors have recently bought and sold shares of the business. Apollon Wealth Management LLC boosted its stake in Plains All American Pipeline by 0.8% in the second quarter. Apollon Wealth Management LLC now owns 80,515 shares of the pipeline company's stock valued at $1,475,000 after buying an additional 628 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Plains All American Pipeline by 107.0% in the first quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company's stock valued at $26,000 after buying an additional 657 shares in the last quarter. Capital Advisory Group Advisory Services LLC boosted its stake in Plains All American Pipeline by 2.5% in the first quarter. Capital Advisory Group Advisory Services LLC now owns 28,450 shares of the pipeline company's stock valued at $569,000 after buying an additional 685 shares in the last quarter. HB Wealth Management LLC boosted its stake in Plains All American Pipeline by 5.2% in the second quarter. HB Wealth Management LLC now owns 15,247 shares of the pipeline company's stock valued at $279,000 after buying an additional 748 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Plains All American Pipeline by 76.1% in the second quarter. Blue Trust Inc. now owns 1,761 shares of the pipeline company's stock valued at $32,000 after purchasing an additional 761 shares during the last quarter. 41.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on PAA. JPMorgan Chase & Co. set a $20.00 price target on Plains All American Pipeline in a report on Friday, August 8th. Citigroup set a $18.00 price objective on Plains All American Pipeline and gave the stock a "neutral" rating in a report on Friday, August 8th. Scotiabank decreased their target price on Plains All American Pipeline from $19.00 to $18.00 and set a "sector outperform" rating for the company in a research report on Thursday, August 14th. Wall Street Zen upgraded Plains All American Pipeline from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Finally, Mizuho set a $22.00 price objective on Plains All American Pipeline and gave the company an "outperform" rating in a research report on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Plains All American Pipeline presently has a consensus rating of "Hold" and an average price target of $20.42.

About Plains All American Pipeline

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.