The stock of Plains GP Holdings LP (NYSE:PAGP) is a huge mover today! About 987,006 shares traded hands. Plains GP Holdings LP (NYSE:PAGP) has risen 36.78% since April 13, 2016 and is uptrending. It has outperformed by 32.85% the S&P500.
The move comes after 5 months positive chart setup for the $8.25B company. It was reported on Nov, 15 by Barchart.com. We have $18.20 PT which if reached, will make NYSE:PAGP worth $3.63 billion more.
Plains GP Holdings LP (NYSE:PAGP) Ratings Coverage
Out of 19 analysts covering Plains GP Holdings LP (NYSE:PAGP), 6 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 32% are positive. Plains GP Holdings LP has been the topic of 36 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, December 14 by Wunderlich. The rating was downgraded by Goldman Sachs to “Neutral” on Thursday, August 6. The stock has “Sector Perform” rating given by Howard Weil on Monday, August 24. The stock of Plains GP Holdings LP (NYSE:PAGP) has “Buy” rating given on Thursday, November 5 by Stifel Nicolaus. The firm has “Buy” rating by Citigroup given on Friday, August 7. The company was upgraded on Wednesday, July 13 by Robert W. Baird. The company was maintained on Thursday, August 6 by Stifel Nicolaus. The firm has “Neutral” rating given on Friday, April 1 by Piper Jaffray. The rating was downgraded by Stifel Nicolaus on Wednesday, January 13 to “Hold”. The firm has “Neutral” rating by JP Morgan given on Wednesday, January 13.
According to Zacks Investment Research, “Plains GP Holdings, L.P. operates as a holding company. The Company, through its subsidiaries, is involved in the transportation, storage, terminalling, and marketing of crude oil and refined products. It also focuses on the processing, transportation, fractionation, storage, and marketing of natural gas liquids, including ethane and natural gasoline products, as well as propane and butane products. Plains GP Holdings, L.P. is based in Houston, Texas.”
Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 0.32, from 1.36 in 2016Q1. The ratio fall, as 28 funds sold all Plains GP Holdings LP shares owned while 78 reduced positions. 31 funds bought stakes while 79 increased positions. They now own 192.38 million shares or 4.39% less from 201.21 million shares in 2016Q1.
Nordea Invest Mgmt has invested 0% of its portfolio in Plains GP Holdings LP (NYSE:PAGP). California Public Employees Retirement holds 0.01% or 695,500 shares in its portfolio. Clearbridge Invs Ltd Liability has 0.1% invested in the company for 7.89M shares. Coe Mgmt accumulated 0% or 95,000 shares. Raymond James Assocs has invested 0.01% of its portfolio in Plains GP Holdings LP (NYSE:PAGP). Salient Tru Lta holds 0.17% or 149,208 shares in its portfolio. The United Kingdom-based Hsbc Public has invested 0% in Plains GP Holdings LP (NYSE:PAGP). Metropolitan Life Insur, a New York-based fund reported 295,000 shares. Dreman Value Mgmt L L C has invested 0.92% of its portfolio in Plains GP Holdings LP (NYSE:PAGP). Investment Limited Liability Com last reported 17,795 shares in the company. Advisory has 0% invested in the company for 24,837 shares. Sandy Spring Bancorp holds 0% of its portfolio in Plains GP Holdings LP (NYSE:PAGP) for 77 shares. William Harris Investors Inc, a Illinois-based fund reported 17,400 shares. Signaturefd Limited Liability Corporation has invested 0.08% of its portfolio in Plains GP Holdings LP (NYSE:PAGP). Moreover, Macquarie Gp has 0% invested in Plains GP Holdings LP (NYSE:PAGP) for 76,200 shares.
More recent Plains GP Holdings LP (NYSE:PAGP) news were published by: Investorplace.com which released: “Time to Find The Value In Plains GP Holdings LP (PAGP)” on October 18, 2016. Also Businesswire.com published the news titled: “Plains All American Pipeline, L.P. and Plains GP Holdings Announce Successful …” on July 11, 2016. Businesswire.com‘s news article titled: “Plains All American Pipeline, L.P. and Plains GP Holdings Announce Timing of …” with publication date: October 03, 2016 was also an interesting one.
PAGP Company Profile
Plains GP Holdings, L.P. (PAGP), incorporated on July 17, 2013, owns an interest in the general partner and incentive distribution rights (IDRs) of Plains All American Pipeline, L.P (PAA). The Firm has no separate operating activities apart from those conducted by PAA. PAA owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. PAA conducts its activities through three divisions: Transportation, Facilities, and Supply and Logistics. Through its three business divisions, the Company is engaged in the transportation, storage, terminaling and marketing of crude oil, NGL and natural gas. The majority of its activities are focused on crude oil, which is the principal feedstock used by refineries in the production of transportation fuels.
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