Inter Pipeline Ltd (IPL) Insider Cory Wade Neufeld Acquires 2,300 Shares of Stock

Inter Pipeline Ltd (TSE:IPL) insider Cory Wade Neufeld bought 2,300 shares of the stock in a transaction on Thursday, June 15th. The stock was bought at an average price of C$25.61 per share, for a total transaction of C$58,903.00.

Cory Wade Neufeld also recently made the following trade(s):

  • On Wednesday, May 17th, Cory Wade Neufeld bought 1,000 shares of Inter Pipeline stock. The stock was bought at an average price of C$26.59 per share, for a total transaction of C$26,590.00.

Inter Pipeline Ltd (IPL) traded up 0.43% during mid-day trading on Friday, hitting $25.58. The company had a trading volume of 2,452,820 shares. The stock’s 50 day moving average price is $26.92 and its 200 day moving average price is $28.11. The firm has a market cap of $9.51 billion and a P/E ratio of 18.21. Inter Pipeline Ltd has a 52-week low of $25.38 and a 52-week high of $30.07.

Insider Buying and Selling by Quarter for Inter Pipeline (TSE:IPL)

The firm also recently announced a monthly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, July 14th will be given a $0.135 dividend. This represents a $1.62 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend is Tuesday, June 20th.

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IPL has been the topic of several analyst reports. Scotiabank reiterated a “sector perform” rating and issued a C$29.00 target price on shares of Inter Pipeline in a research note on Friday, February 17th. National Bank Financial lifted their target price on Inter Pipeline from C$31.00 to C$32.00 and gave the company a “sector perform” rating in a research note on Friday, February 17th. BMO Capital Markets lifted their target price on Inter Pipeline from C$28.50 to C$29.00 and gave the company a “market perform” rating in a research note on Friday, February 17th. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a C$30.00 target price on shares of Inter Pipeline in a research note on Friday, February 17th. Finally, Royal Bank of Canada lifted their target price on Inter Pipeline from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research note on Tuesday, February 21st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Inter Pipeline currently has a consensus rating of “Hold” and a consensus target price of C$31.00.

Inter Pipeline Company Profile

Inter Pipeline Ltd. is a petroleum transportation, storage and natural gas liquids processing business. The Company’s segments include oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) processing business and bulk liquid storage business. The Company geographical segments include Canada and Europe.

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