Pembina Pipeline Corp (PBA) : A. D. Beadell Investment Counsel reduced its stake in Pembina Pipeline Corp by 0.02% during the most recent quarter end. The investment management company now holds a total of 107,833 shares of Pembina Pipeline Corp which is valued at $3,170,290 after selling 18 shares in Pembina Pipeline Corp , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.Pembina Pipeline Corp makes up approximately 2.54% of A. D. Beadell Investment Counsel’s portfolio.
Other Hedge Funds, Including , Winslow Evans Crocker added PBA to its portfolio by purchasing 4,526 company shares during the most recent quarter which is valued at $133,064. Pembina Pipeline Corp makes up approx 0.04% of Winslow Evans Crocker’s portfolio.Checchi Capital Advisers boosted its stake in PBA in the latest quarter, The investment management firm added 397 additional shares and now holds a total of 1,621 shares of Pembina Pipeline Corp which is valued at $47,657. Pembina Pipeline Corp makes up approx 0.01% of Checchi Capital Advisers’s portfolio.Barometer Capital Management boosted its stake in PBA in the latest quarter, The investment management firm added 149,841 additional shares and now holds a total of 949,941 shares of Pembina Pipeline Corp which is valued at $28,640,721. Pembina Pipeline Corp makes up approx 2.80% of Barometer Capital Management’s portfolio. Gierl Augustine Investment Management Inc sold out all of its stake in PBA during the most recent quarter. The investment firm sold 142 shares of PBA which is valued $4,355.
Pembina Pipeline Corp opened for trading at $28.44 and hit $29.21 on the upside on Friday, eventually ending the session at $29.13, with a gain of 2.53% or 0.72 points. The heightened volatility saw the trading volume jump to 2,55,155 shares. Company has a market cap of $11,302 M.
On the company’s financial health, Pembina Pipeline Corp reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.30. The company had revenue of $1017.00 million for the quarter, compared to analysts expectations of $1362.34 million. The company’s revenue was down -11.9 % compared to the same quarter last year.
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.