Sunoco Logistics Partners (ETP) Lowered to “Hold” at US Capital Advisors
US Capital Advisors downgraded shares of Sunoco Logistics Partners (NYSE:ETP) from an overweight rating to a hold rating in a research report report published on Thursday. US Capital Advisors also issued estimates for Sunoco Logistics Partners’ FY2017 earnings at $0.62 EPS and FY2019 earnings at $0.80 EPS.
ETP has been the topic of a number of other reports. Stifel Nicolaus reaffirmed a buy rating and set a $21.00 target price (down from $24.00) on shares of Sunoco Logistics Partners in a report on Thursday, November 9th. 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 report on Tuesday, November 14th. Goldman Sachs Group lowered Sunoco Logistics Partners from a buy rating to a neutral rating and set a $20.00 target price on the stock. in a report on Tuesday, October 17th. Citigroup lowered their target price on Sunoco Logistics Partners from $29.00 to $26.00 and set a buy rating on the stock in a report on Tuesday, October 10th. Finally, BMO Capital Markets set a $26.00 target price on Sunoco Logistics Partners and gave the stock a hold rating in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $25.86.
Sunoco Logistics Partners (NYSE:ETP) traded down $0.03 during trading hours on Thursday, reaching $18.79. The company had a trading volume of 5,415,215 shares, compared to its average volume of 10,391,033. The firm has a market capitalization of $21,740.00, a price-to-earnings ratio of 31.32 and a beta of 1.00. Sunoco Logistics Partners has a 1 year low of $15.25 and a 1 year high of $26.73. 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 (NYSE:ETP) last released its earnings results on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $7.31 billion. Sunoco Logistics Partners had a return on equity of 5.88% and a net margin of 4.97%. Sunoco Logistics Partners’s revenue was up 26.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.49) earnings per share. equities analysts anticipate that Sunoco Logistics Partners will post 0.64 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of ETP. Alps Advisors Inc. increased its stake in Sunoco Logistics Partners by 11.8% in the 3rd quarter. Alps Advisors Inc. now owns 53,064,680 shares of the pipeline company’s stock worth $970,553,000 after purchasing an additional 5,588,379 shares in the last quarter. Atlantic Trust Group LLC increased its stake in Sunoco Logistics Partners by 28.3% in the 3rd quarter. Atlantic Trust Group LLC now owns 22,926,399 shares of the pipeline company’s stock worth $419,325,000 after purchasing an additional 5,054,227 shares in the last quarter. Brookfield Asset Management Inc. increased its stake in Sunoco Logistics Partners by 156.1% in the 2nd quarter. Brookfield Asset Management Inc. now owns 5,786,693 shares of the pipeline company’s stock worth $117,991,000 after purchasing an additional 3,527,399 shares in the last quarter. SG Americas Securities LLC increased its stake in Sunoco Logistics Partners by 9,517.3% in the 3rd quarter. SG Americas Securities LLC now owns 2,659,844 shares of the pipeline company’s stock worth $48,649,000 after purchasing an additional 2,632,187 shares in the last quarter. Finally, Magnetar Financial LLC increased its stake in Sunoco Logistics Partners by 8,733.3% in the 3rd quarter. Magnetar Financial LLC now owns 2,650,000 shares of the pipeline company’s stock worth $48,469,000 after purchasing an additional 2,620,000 shares in the last quarter. 62.16% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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