Puzo Michael J Lowers stake in Pembina Pipeline Corp (PBA)

Pembina Pipeline Corp (PBA) : Puzo Michael J reduced its stake in Pembina Pipeline Corp by 5.69% during the most recent quarter end. The investment management company now holds a total of 24,850 shares of Pembina Pipeline Corp which is valued at $758,671 after selling 1,500 shares in Pembina Pipeline Corp , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Pembina Pipeline Corp makes up approximately 0.49% of Puzo Michael J’s portfolio.

Other Hedge Funds, Including , Somerville Kurt F reduced its stake in PBA by selling 3,925 shares or 3.93% in the most recent quarter. The Hedge Fund company now holds 95,950 shares of PBA which is valued at $2,929,354. Pembina Pipeline Corp makes up approx 0.64% of Somerville Kurt F’s portfolio. Advisory Services Network added PBA to its portfolio by purchasing 437 company shares during the most recent quarter which is valued at $12,415.Msi Financial Services Inc reduced its stake in PBA by selling 1,126 shares or 27.04% in the most recent quarter. The Hedge Fund company now holds 3,038 shares of PBA which is valued at $86,310.Cibc World Markets boosted its stake in PBA in the latest quarter, The investment management firm added 192,546 additional shares and now holds a total of 5,868,661 shares of Pembina Pipeline Corp which is valued at $172,538,633. Pembina Pipeline Corp makes up approx 0.74% of Cibc World Markets’s portfolio.Creative Planning boosted its stake in PBA in the latest quarter, The investment management firm added 757 additional shares and now holds a total of 43,206 shares of Pembina Pipeline Corp which is valued at $1,325,128. Pembina Pipeline Corp makes up approx 0.01% of Creative Planning’s portfolio.

Pembina Pipeline Corp opened for trading at $30.74 and hit $30.89 on the upside on Monday, eventually ending the session at $30.75, with a gain of 0.75% or 0.23 points. The heightened volatility saw the trading volume jump to 1,28,691 shares. Company has a market cap of $12,054 M.

On the company’s financial health, Pembina Pipeline Corp reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.29. The company had revenue of $1027.00 million for the quarter, compared to analysts expectations of $1405.96 million. The company’s revenue was down -15.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Pembina Pipeline Corp. Pembina Pipeline Corp was Downgraded by National Bank Financial to ” Sector Perform” on Jul 18, 2016. Pembina Pipeline Corp was Downgraded by Credit Suisse to ” Neutral” on Jun 20, 2016.

Pembina Pipeline Corporation (Pembina) is an energy transportation and service provider. The Company operates through four segments: Conventional Pipelines Oil Sands & Heavy Oil Gas Services and Midstream. Conventional Pipelines consists of the tariff-based operations of pipelines and related facilities to deliver crude oil condensate and natural gas liquids (NGL) in Alberta British Columbia Saskatchewan and North Dakota United States. Oil Sands & Heavy Oil consists of the Syncrude Horizon Nipisi and Mitsue Pipelines and the Cheecham Lateral. Gas Services consists of natural gas gathering and processing facilities including approximately 7 gas plants approximately 12 compressor stations and over 375 kilometres of gathering systems. Midstream consists of the Company’s interests in extraction and fractionation facilities terminalling and storage hub services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *