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Plains All American Pipeline, L.P. (NYSE:PAA) VP Phil D. Kramer unloaded 14,100 shares of Plains All American Pipeline, L.P. stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $58.36, for a total transaction of $822,876.00. Following the transaction, the vice president now directly owns 333,313 shares of the company’s stock, valued at approximately $19,452,147. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Plains All American Pipeline, L.P. from $62.00 to $63.00 in a research note on Friday, August 8th. Separately, analysts at Credit Suisse raised their price target on shares of Plains All American Pipeline, L.P. from $65.00 to $66.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Plains All American Pipeline, L.P. in a research note on Friday, August 8th. They now have a $59.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $62.29.

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) traded down 0.03% on Friday, hitting $58.00. 802,490 shares of the company’s stock traded hands. Plains All American Pipeline, L.P. has a 52-week low of $47.26 and a 52-week high of $60.60. The stock’s 50-day moving average is $58.38 and its 200-day moving average is $56.03. The company has a market cap of $21.399 billion and a P/E ratio of 26.97.

Plains All American Pipeline, L.P. (NYSE:PAA) last announced its earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.50. The company had revenue of $11.20 billion for the quarter, compared to the consensus estimate of $10.53 billion. During the same quarter last year, the company posted $0.56 earnings per share. Plains All American Pipeline, L.P.’s revenue was up 8.7% compared to the same quarter last year. Analysts expect that Plains All American Pipeline, L.P. will post $2.45 EPS for the current fiscal year.

Plains All American Pipeline, L.P. (NYSE:PAA) is engaged in the transportation, storage, terminalling and marketing of crude oil and refined products, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids (NGL).

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