Inter Pipeline Ltd (TSE:IPL) insider Cory Wade Neufeld purchased 1,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were acquired at an average price of C$26.59 per share, with a total value of C$26,590.00.

Cory Wade Neufeld also recently made the following trade(s):

  • On Thursday, March 16th, Cory Wade Neufeld purchased 1,700 shares of Inter Pipeline stock. The shares were acquired at an average price of C$27.79 per share, with a total value of C$47,243.00.

Inter Pipeline Ltd (TSE:IPL) traded down 1.70% on Wednesday, hitting $26.60. 1,166,509 shares of the stock were exchanged. The company has a market capitalization of $9.81 billion and a PE ratio of 20.31. Inter Pipeline Ltd has a 1-year low of $25.37 and a 1-year high of $30.07. The company has a 50-day moving average price of $28.02 and a 200 day moving average price of $28.23.

Insider Buying and Selling by Quarter for Inter Pipeline (TSE:IPL)

The company also recently declared a monthly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 15th will be given a dividend of $0.135 per share. The ex-dividend date is Thursday, May 18th. This represents a $1.62 annualized dividend and a dividend yield of 6.09%.

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A number of brokerages have commented on IPL. Scotiabank restated a “sector perform” rating and set a C$29.00 price target on shares of Inter Pipeline in a research note on Friday, February 17th. Raymond James Financial, Inc. restated a “market perform” rating and set a C$30.00 price target on shares of Inter Pipeline in a research note on Friday, February 17th. GMP Securities raised their price target on shares of Inter Pipeline from C$29.00 to C$32.00 in a research note on Tuesday, February 21st. TD Securities raised their price target on shares of Inter Pipeline from C$31.00 to C$33.00 and gave the stock a “buy” rating in a research note on Tuesday, February 21st. Finally, Royal Bank of Canada raised their price target on shares of Inter Pipeline from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 21st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$31.00.

About Inter Pipeline

Inter Pipeline Ltd. is a petroleum transportation, storage and natural gas liquids processing business. The Company’s segments include oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) processing business and bulk liquid storage business. The Company geographical segments include Canada and Europe.

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