Delphi Financial Group Inc. boosted its position in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 32.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,640,029 shares of the pipeline company’s stock after acquiring an additional 640,000 shares during the period. Sunoco Logistics Partners accounts for about 22.1% of Delphi Financial Group Inc.’s holdings, making the stock its 2nd biggest position. Delphi Financial Group Inc. owned 0.24% of Sunoco Logistics Partners worth $48,365,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Alps Advisors Inc. lifted its position in Sunoco Logistics Partners by 11.8% during the third quarter. Alps Advisors Inc. now owns 53,064,680 shares of the pipeline company’s stock valued at $970,553,000 after purchasing an additional 5,588,379 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in Sunoco Logistics Partners by 154.3% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 43,337,625 shares of the pipeline company’s stock valued at $883,654,000 after purchasing an additional 26,293,140 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its position in Sunoco Logistics Partners by 97.6% during the second quarter. Kayne Anderson Capital Advisors LP now owns 41,329,104 shares of the pipeline company’s stock valued at $842,685,000 after purchasing an additional 20,414,761 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Sunoco Logistics Partners by 95.5% during the second quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock valued at $479,265,000 after purchasing an additional 11,483,706 shares during the last quarter. Finally, Atlantic Trust Group LLC lifted its position in Sunoco Logistics Partners by 46.3% during the second quarter. Atlantic Trust Group LLC now owns 17,872,172 shares of the pipeline company’s stock valued at $364,413,000 after purchasing an additional 5,657,463 shares during the last quarter. 56.63% of the stock is owned by institutional investors.
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Several equities research analysts have issued reports on the stock. Robert W. Baird set a $28.00 target price on shares of Sunoco Logistics Partners and gave the company a “buy” rating in a research report on Saturday, November 18th. Morgan Stanley dropped their target price on shares of Sunoco Logistics Partners from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of Sunoco Logistics Partners from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday, November 14th. Stifel Nicolaus reiterated a “buy” rating and set a $21.00 target price (down from $24.00) on shares of Sunoco Logistics Partners in a research report on Thursday, November 9th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $23.00 target price on shares of Sunoco Logistics Partners in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $26.46.
Shares of Sunoco Logistics Partners LP (ETP) traded up $0.10 on Friday, hitting $16.41. 1,238,299 shares of the stock were exchanged, compared to its average volume of 5,288,881. The company has a market cap of $18,846.11, a price-to-earnings ratio of 24.34 and a beta of 1.01. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 1.09. Sunoco Logistics Partners LP has a 1 year low of $15.97 and a 1 year high of $26.73.
Sunoco Logistics Partners (NYSE:ETP) last announced its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.11. The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $7.31 billion. Sunoco Logistics Partners had a net margin of 4.97% and a return on equity of 5.88%. The business’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.49) EPS. equities research analysts forecast that Sunoco Logistics Partners LP will post 0.64 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were issued a $0.565 dividend. This represents a $2.26 dividend on an annualized basis and a dividend yield of 13.78%. This is a positive change from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Monday, November 6th. Sunoco Logistics Partners’s payout ratio is presently 337.31%.
Sunoco Logistics Partners 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.
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