The stock of Plains GP Holdings LP (NYSE:PAGP) is a huge mover today! About 685,043 shares traded hands. Plains GP Holdings LP (NYSE:PAGP) has risen 45.61% since April 14, 2016 and is uptrending. It has outperformed by 40.92% the S&P500.
The move comes after 6 months negative chart setup for the $22.84 billion company. It was reported on Nov, 16 by Barchart.com. We have $30.69 PT which if reached, will make NYSE:PAGP worth $2.06B less.
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. Stifel Nicolaus maintained Plains GP Holdings LP (NYSE:PAGP) on Thursday, August 6 with “Buy” rating. The firm earned “Accumulate” rating on Wednesday, September 9 by Global Hunter Securities. The firm earned “Underperform” rating on Monday, February 8 by Robert W. Baird. As per Friday, July 8, the company rating was downgraded by Barclays Capital. The firm earned “Neutral” rating on Wednesday, January 13 by JP Morgan. The firm has “Hold” rating given on Wednesday, January 13 by Stifel Nicolaus. The rating was downgraded by Seaport Global Securities to “Neutral” on Friday, December 18. The stock of Plains GP Holdings LP (NYSE:PAGP) has “Equal-Weight” rating given on Thursday, November 5 by Morgan Stanley. On Wednesday, August 31 the stock rating was maintained by Wunderlich with “Hold”. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, May 26.
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 2016 Q2. Its down 0.32, from 1.36 in 2016Q1. The ratio turned negative, 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.
Creative Planning holds 27,234 shares or 0% of its portfolio. Hodges holds 0.02% of its portfolio in Plains GP Holdings LP (NYSE:PAGP) for 43,500 shares. Susquehanna Grp Limited Liability Partnership has 36,882 shares for 0% of their US portfolio. Salient Tru Lta last reported 0.17% of its portfolio in the stock. Parametric Portfolio Assoc Lc owns 44,772 shares or 0% of their US portfolio. Blackrock Management Ltd Liability Corp accumulated 0% or 23,463 shares. William Harris Investors holds 17,400 shares or 0.05% of its portfolio. State Street has 0% invested in the company for 2.56 million shares. Invesco Ltd holds 0% or 25,062 shares in its portfolio. Sg Americas Llc has 32,044 shares for 0% of their US portfolio. Cubist Systematic Strategies Ltd has 0.05% invested in the company for 75,450 shares. Moreover, Blackrock Japan Company Limited has 0.01% invested in Plains GP Holdings LP (NYSE:PAGP) for 318,436 shares. Ing Groep Nv has invested 0.06% of its portfolio in Plains GP Holdings LP (NYSE:PAGP). Clarkston Cap Partners Limited Liability has 25,000 shares for 0.01% of their US portfolio. Kayne Anderson Cap Advsrs Limited Partnership holds 18.30M shares or 2.12% of its portfolio.
More news for Plains GP Holdings LP (NYSE:PAGP) were recently published by: Investorplace.com, which released: “Time to Find The Value In Plains GP Holdings LP (PAGP)” on October 18, 2016. Businesswire.com‘s article titled: “Plains All American Pipeline, L.P. and Plains GP Holdings Announce Successful …” and published on July 11, 2016 is yet another important article.
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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