First Heartland Consultants Inc. lifted its holdings in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 25.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,906 shares of the pipeline company’s stock after acquiring an additional 5,915 shares during the period. First Heartland Consultants Inc.’s holdings in Sunoco Logistics Partners were worth $529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. California Public Employees Retirement System raised its position in shares of Sunoco Logistics Partners by 2.5% during the 3rd quarter. California Public Employees Retirement System now owns 2,019,312 shares of the pipeline company’s stock worth $36,933,000 after acquiring an additional 48,781 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Sunoco Logistics Partners during the 3rd quarter worth about $4,708,000. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Sunoco Logistics Partners during the 3rd quarter worth about $1,796,000. First Allied Advisory Services Inc. raised its position in shares of Sunoco Logistics Partners by 50.8% during the 3rd quarter. First Allied Advisory Services Inc. now owns 53,712 shares of the pipeline company’s stock worth $980,000 after acquiring an additional 18,100 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Sunoco Logistics Partners by 8.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 87,100 shares of the pipeline company’s stock worth $1,593,000 after acquiring an additional 6,662 shares in the last quarter. 62.19% of the stock is currently owned by institutional investors and hedge funds.

ETP has been the topic of several research analyst reports. 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. ValuEngine lowered Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. BMO Capital Markets set a $26.00 price target on Sunoco Logistics Partners and gave the stock a “hold” rating in a research report on Thursday, October 12th. Goldman Sachs Group lowered Sunoco Logistics Partners from a “buy” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research report on Tuesday, October 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $21.00 price target (down previously from $24.00) on shares of Sunoco Logistics Partners in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $26.46.

Sunoco Logistics Partners LP (ETP) traded up $0.05 on Tuesday, reaching $16.66. The company’s stock had a trading volume of 784,099 shares, compared to its average volume of 5,488,401. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.61 and a current ratio of 0.84. The stock has a market capitalization of $19,030.99, a P/E ratio of 24.58 and a beta of 1.00. Sunoco Logistics Partners LP has a one year low of $15.25 and a one year high of $26.73.

Sunoco Logistics Partners (NYSE:ETP) last posted its earnings results on Tuesday, November 7th. The pipeline company reported $0.33 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the previous year, the business earned ($0.49) earnings per share. Sunoco Logistics Partners’s quarterly revenue was up 26.1% compared to the same quarter last year. equities analysts anticipate that Sunoco Logistics Partners LP will post 0.64 EPS for the current fiscal year.

The business also recently declared 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 13.57%. This is a boost 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 337.31%.

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About Sunoco Logistics Partners

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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