Pembina Pipeline Corp (PBA) : Cumberland Partners Ltd reduced its stake in Pembina Pipeline Corp by 4.82% during the most recent quarter end. The investment management company now holds a total of 1,521,700 shares of Pembina Pipeline Corp which is valued at $43,231,497 after selling 77,025 shares in Pembina Pipeline Corp , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Pembina Pipeline Corp makes up approximately 5.92% of Cumberland Partners Ltd’s portfolio.
Other Hedge Funds, Including , Candriam Luxembourg S.c.a. boosted its stake in PBA in the latest quarter, The investment management firm added 652 additional shares and now holds a total of 10,614 shares of Pembina Pipeline Corp which is valued at $301,544. Pembina Pipeline Corp makes up approx 0.01% of Candriam Luxembourg S.c.a.’s portfolio.Shell Asset Management Co boosted its stake in PBA in the latest quarter, The investment management firm added 3,774 additional shares and now holds a total of 40,404 shares of Pembina Pipeline Corp which is valued at $1,147,878. Pembina Pipeline Corp makes up approx 0.03% of Shell Asset Management Co’s portfolio.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.
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.