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Argent Advisors and Oppenheimer increased their stakes in midstream companies Plains GP and Plains All American, despite "Hold" ratings.
Argent Advisors Inc. bought nearly $1.3 million worth of Plains GP Holdings, L.P. (PAGP) shares, while Oppenheimer Asset Management Inc. increased its stake in Plains All American Pipeline (PAA).
Both companies have received a "Hold" consensus rating from analysts, with PAA's stock slightly underperforming expectations in the latest quarter.
PAA reported a lower EPS and missed the consensus estimate by $0.06.
The companies operate midstream infrastructure systems and have seen modest revenue growth.
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Argent Advisors y Oppenheimer aumentaron sus participaciones en las compañías intermedias Plains GP y Plains All American, a pesar de las calificaciones de "Hold".