Plains All American Pipeline, L.P. Stock Was Bought By Options Traders

 Plains All American Pipeline, L.P. Stock Was Bought By Options Traders

In today’s session Plains All American Pipeline, L.P. (PAA) registered an unusually high (271) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious PAA increase. With 271 contracts traded and 54714 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PAA161118C00030000 closed last at: $0.7 or 44% down. About 635,849 shares traded hands. Plains All American Pipeline, L.P. (NYSE:PAA) has risen 30.71% since April 13, 2016 and is uptrending. It has outperformed by 26.79% the S&P500.

Plains All American Pipeline, L.P. (NYSE:PAA) Ratings Coverage

Out of 24 analysts covering Plains All American Pipeline LP (NYSE:PAA), 7 rate it a “Buy”, 1 “Sell”, while 16 “Hold”. This means 29% are positive. Plains All American Pipeline LP has been the topic of 52 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Robert W. Baird downgraded the shares of PAA in a report on Monday, February 8 to “Underperform” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, February 11 report. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, August 6. The stock has “Perform” rating given by Oppenheimer on Monday, December 21. On Thursday, November 5 the stock rating was maintained by Oppenheimer with “Outperform”. The stock has “Neutral” rating given by UBS on Thursday, August 6. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) has “Sector Perform” rating given on Friday, January 15 by RBC Capital Markets. The stock has “Neutral” rating given by Seaport Global Securities on Friday, December 18. The firm earned “Sector Perform” rating on Thursday, April 28 by RBC Capital Markets. The company was maintained on Monday, August 24 by Scotia Capital.

According to Zacks Investment Research, “Plains All American Pipeline, L.P. is engaged in interstate and intrastate marketing, transportation and terminalling of crude oil.”

Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. Its up 0.29, from 0.69 in 2016Q1. The ratio is positive, as 38 funds sold all Plains All American Pipeline, L.P. shares owned while 124 reduced positions. 57 funds bought stakes while 101 increased positions. They now own 240.10 million shares or 4.07% less from 250.29 million shares in 2016Q1.
Clinton Group Inc holds 0.05% or 43,088 shares in its portfolio. Fiera accumulated 0.01% or 34,358 shares. Signaturefd Lc has 0.06% invested in the company for 15,675 shares. Comerica Bancorporation accumulated 0% or 7,145 shares. Liberty Mutual Gp Asset has 282,619 shares for 0.28% of their US portfolio. Sg Americas Securities Lc reported 138,731 shares or 0.03% of all its holdings. Johnson Invest Counsel Incorporated, a Ohio-based fund reported 12,038 shares. Luminus Mgmt Ltd Co owns 50,000 shares or 0.04% of their US portfolio. Utd Fire holds 0.07% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA) for 6,000 shares. Torray Limited Liability has invested 0.03% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA). Invesco Limited last reported 0% of its portfolio in the stock. Glob Endowment Mgmt Lp has invested 0.18% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA). Endurance Wealth Mngmt holds 71,595 shares or 0.37% of its portfolio. Moreover, Center Coast Advsr Lp has 7.95% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 10.33M shares. Douglass Winthrop Advisors Limited Liability Company has invested 0.04% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA).

Insider Transactions: Since August 18, 2016, the stock had 0 insider purchases, and 2 sales for $1.58 million net activity. Another trade for 35,410 shares valued at $1.06 million was made by vonBerg John on Thursday, August 18. DUCKETT W DAVID also sold $515,804 worth of Plains All American Pipeline, L.P. (NYSE:PAA) on Thursday, August 18.

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids , natural gas and refined products. The company has a market cap of $12.82 billion. The Firm operates through three divisions: Transportation, Facilities, and Supply and Logistics. It has a 61.32 P/E ratio. The Company’s Transportation segment activities consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

PAA Company Profile

Plains All American Pipeline, L.P., incorporated on September 17, 1998, owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Firm operates through three divisions: Transportation, Facilities, and Supply and Logistics. Through its divisions, the Company is engaged in the transportation, storage, terminalling 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. The Firm owns a network of pipeline transportation, terminalling, storage and gathering assets in crude oil and NGL producing basins and transportation corridors and at market hubs in the United States and Canada.

More recent Plains All American Pipeline, L.P. (NYSE:PAA) news were published by: Businesswire.com which released: “Fitch Rates Plains All American Pipeline’s Senior Unsecured Note Offering ‘BBB'” on November 15, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Enterprise Products, Plains All American Pipeline and …” on October 25, 2016. Businesswire.com‘s news article titled: “Plains All American Pipeline, L.P. and Plains GP Holdings Report Third-Quarter …” with publication date: November 02, 2016 was also an interesting one.

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