Huntington Steele LLC reduced its position in shares of Sunoco Logistics Partners L.P. (NYSE:SXL) by 13.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,407 shares of the pipeline company’s stock after selling 27,034 shares during the period. Sunoco Logistics Partners L.P. makes up approximately 1.3% of Huntington Steele LLC’s portfolio, making the stock its 17th largest position. Huntington Steele LLC owned approximately 0.05% of Sunoco Logistics Partners L.P. worth $4,210,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Bollard Group LLC raised its position in shares of Sunoco Logistics Partners L.P. by 48.0% in the first quarter. Bollard Group LLC now owns 10,793 shares of the pipeline company’s stock worth $264,000 after buying an additional 3,502 shares in the last quarter. Hartford Financial Management Inc. raised its position in shares of Sunoco Logistics Partners L.P. by 173.1% in the first quarter. Hartford Financial Management Inc. now owns 4,260 shares of the pipeline company’s stock worth $104,000 after buying an additional 2,700 shares in the last quarter. Duff & Phelps Investment Management Co. raised its position in shares of Sunoco Logistics Partners L.P. by 1.5% in the first quarter. Duff & Phelps Investment Management Co. now owns 1,728,100 shares of the pipeline company’s stock worth $42,200,000 after buying an additional 25,000 shares in the last quarter. Baldwin Brothers Inc. MA raised its position in shares of Sunoco Logistics Partners L.P. by 5.0% in the first quarter. Baldwin Brothers Inc. MA now owns 21,100 shares of the pipeline company’s stock worth $515,000 after buying an additional 1,000 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. bought a new position in shares of Sunoco Logistics Partners L.P. during the first quarter worth about $243,000. Hedge funds and other institutional investors own 64.42% of the company’s stock.

Institutional Ownership by Quarter for Sunoco Logistics Partners L.P. (NYSE:SXL)

Shares of Sunoco Logistics Partners L.P. (NYSE:SXL) traded up 0.25% on Thursday, hitting $23.59. 4,926,353 shares of the company’s stock traded hands. Sunoco Logistics Partners L.P. has a 1-year low of $22.07 and a 1-year high of $31.49. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 24.10 and a beta of 1.12. The firm’s 50-day moving average price is $24.25 and its 200 day moving average price is $25.02.

Sunoco Logistics Partners L.P. (NYSE:SXL) last released its earnings results on Wednesday, February 22nd. The pipeline company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Sunoco Logistics Partners L.P. had a return on equity of 6.58% and a net margin of 6.16%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. On average, equities research analysts expect that Sunoco Logistics Partners L.P. will post $0.93 earnings per share for the current year.

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A number of brokerages recently issued reports on SXL. US Capital Advisors reiterated an “overweight” rating on shares of Sunoco Logistics Partners L.P. in a research report on Friday, April 7th. Scotiabank reiterated a “buy” rating and issued a $28.00 target price on shares of Sunoco Logistics Partners L.P. in a research report on Monday, April 3rd. Zacks Investment Research lowered shares of Sunoco Logistics Partners L.P. from a “hold” rating to a “sell” rating in a research report on Monday, March 20th. Royal Bank of Canada reiterated a “buy” rating and issued a $32.00 target price on shares of Sunoco Logistics Partners L.P. in a research report on Friday, March 17th. Finally, Credit Suisse Group AG began coverage on shares of Sunoco Logistics Partners L.P. in a research report on Tuesday, February 28th. They issued an “outperform” rating and a $31.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $30.13.

Sunoco Logistics Partners L.P. Company Profile

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. In addition to logistics services, it also owns acquisition and marketing assets.

5 Day Chart for NYSE:SXL

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