Bristol Advisors LLC Grows Position in Sunoco Logistics Partners LP (ETP)
Bristol Advisors LLC increased its position in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 56.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,900 shares of the pipeline company’s stock after purchasing an additional 6,100 shares during the period. Bristol Advisors LLC’s holdings in Sunoco Logistics Partners were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC lifted its holdings in Sunoco Logistics Partners by 636.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 5,115 shares of the pipeline company’s stock worth $397,000 after purchasing an additional 4,420 shares during the last quarter. Duncker Streett & Co. Inc. lifted its holdings in Sunoco Logistics Partners by 17.9% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock worth $106,000 after purchasing an additional 785 shares during the last quarter. V Wealth Management LLC acquired a new stake in Sunoco Logistics Partners during the 2nd quarter worth approximately $106,000. Ffcm LLC raised its holdings in Sunoco Logistics Partners by 433.9% in the 2nd quarter. Ffcm LLC now owns 5,526 shares of the pipeline company’s stock valued at $115,000 after acquiring an additional 4,491 shares in the last quarter. Finally, Fiduciary Trust Co. acquired a new position in Sunoco Logistics Partners in the 2nd quarter valued at $119,000. 58.37% of the stock is owned by institutional investors and hedge funds.
Several brokerages have weighed in on ETP. BMO Capital Markets reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Sunoco Logistics Partners in a report on Wednesday, October 18th. Goldman Sachs Group, Inc. (The) cut Sunoco Logistics Partners from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a report on Tuesday, October 17th. Mizuho set a $26.00 price objective on Sunoco Logistics Partners and gave the company a “buy” rating in a report on Sunday, October 15th. Citigroup Inc. dropped their price objective on Sunoco Logistics Partners from $29.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, October 10th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Sunoco Logistics Partners in a report on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $27.49.
In other news, CEO Kelcy L. Warren acquired 1,000,000 shares of Sunoco Logistics Partners stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average price of $18.65 per share, for a total transaction of $18,650,000.00. Following the transaction, the chief executive officer now directly owns 2,031,646 shares of the company’s stock, valued at approximately $37,890,197.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.74% of the company’s stock.
Shares of Sunoco Logistics Partners LP (NYSE:ETP) traded up $0.24 on Tuesday, hitting $17.19. The stock had a trading volume of 6,436,045 shares, compared to its average volume of 7,540,000. Sunoco Logistics Partners LP has a one year low of $16.06 and a one year high of $27.99. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.55 and a current ratio of 0.77. The company has a market cap of $19,690.00, a price-to-earnings ratio of 35.02 and a beta of 1.01.
Sunoco Logistics Partners (NYSE:ETP) last issued its quarterly earnings data on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.21). The firm had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $7.24 billion. Sunoco Logistics Partners had a return on equity of 4.67% and a net margin of 3.57%. The company’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. equities analysts expect that Sunoco Logistics Partners LP will post 0.52 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th will be given a dividend of $0.565 per share. The ex-dividend date is Monday, November 6th. This represents a $2.26 dividend on an annualized basis and a yield of 13.15%. This is a positive change from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. Sunoco Logistics Partners’s payout ratio is currently 500.00%.
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.
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