Sunoco Logistics Partners LP (ETP) Holdings Lifted by Edge Advisors LLC

Edge Advisors LLC increased its position in Sunoco Logistics Partners LP (NYSE:ETP) by 12.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 145,133 shares of the pipeline company’s stock after buying an additional 15,747 shares during the quarter. Edge Advisors LLC’s holdings in Sunoco Logistics Partners were worth $2,653,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Whitnell & Co. raised its position in shares of Sunoco Logistics Partners by 2.6% in the 2nd quarter. Whitnell & Co. now owns 9,000 shares of the pipeline company’s stock worth $184,000 after buying an additional 231 shares during the period. Duncker Streett & Co. Inc. raised its position in shares of Sunoco Logistics Partners by 17.9% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock worth $106,000 after buying an additional 785 shares during the period. Colonial Trust Advisors raised its position in shares of Sunoco Logistics Partners by 11.2% in the 2nd quarter. Colonial Trust Advisors now owns 10,763 shares of the pipeline company’s stock worth $219,000 after buying an additional 1,088 shares during the period. HL Financial Services LLC raised its position in shares of Sunoco Logistics Partners by 32.5% in the 2nd quarter. HL Financial Services LLC now owns 9,866 shares of the pipeline company’s stock worth $201,000 after buying an additional 2,419 shares during the period. Finally, Toronto Dominion Bank raised its position in shares of Sunoco Logistics Partners by 50.0% in the 2nd quarter. Toronto Dominion Bank now owns 8,250 shares of the pipeline company’s stock worth $168,000 after buying an additional 2,750 shares during the period. 56.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sunoco Logistics Partners LP (NYSE ETP) traded down $0.18 during mid-day trading on Tuesday, reaching $16.54. The company’s stock had a trading volume of 2,583,540 shares, compared to its average volume of 5,273,527. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.61 and a current ratio of 0.84. Sunoco Logistics Partners LP has a 12 month low of $15.97 and a 12 month high of $26.73. The firm has a market capitalization of $19,220.00, a P/E ratio of 25.00 and a beta of 1.01.

Sunoco Logistics Partners (NYSE:ETP) last issued its earnings results on Tuesday, November 7th. The pipeline company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.11. Sunoco Logistics Partners had a return on equity of 5.88% and a net margin of 4.97%. The company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the previous year, the firm posted ($0.49) earnings per share. Sunoco Logistics Partners’s quarterly revenue was up 26.1% compared to the same quarter last year. analysts anticipate that Sunoco Logistics Partners LP will post 0.64 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were paid a $0.565 dividend. This is an increase from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. This represents a $2.26 dividend on an annualized basis and a yield of 13.67%. The ex-dividend date was Monday, November 6th. Sunoco Logistics Partners’s payout ratio is presently 376.67%.

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Several research analysts recently weighed in on the company. Robert W. Baird set a $28.00 target price on Sunoco Logistics Partners and gave the stock a “buy” rating in a research report on Saturday. Morgan Stanley cut their target price on Sunoco Logistics Partners from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday. Zacks Investment Research raised Sunoco Logistics Partners from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, November 14th. Stifel Nicolaus reissued a “buy” rating and issued a $21.00 price objective (down from $24.00) on shares of Sunoco Logistics Partners in a research report on Thursday, November 9th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $23.00 price objective on shares of Sunoco Logistics Partners in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Sunoco Logistics Partners presently has an average rating of “Buy” and an average price target of $26.46.

Sunoco Logistics Partners Company Profile

Energy Transfer Partners, L.P., formerly Sunoco Logistics Partners L.P., owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products.

Institutional Ownership by Quarter for Sunoco Logistics Partners (NYSE:ETP)

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