Sunoco Logistics Partners (NYSE:ETP) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Friday.

A number of other research analysts have also recently commented on ETP. BMO Capital Markets set a $26.00 price target on Sunoco Logistics Partners and gave the company a “hold” rating in a research note on Friday, August 18th. Zacks Investment Research downgraded Sunoco Logistics Partners from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. BidaskClub upgraded Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Citigroup decreased their price objective on Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, August 15th. Finally, Robert W. Baird restated a “buy” rating and issued a $29.00 price objective on shares of Sunoco Logistics Partners in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $26.46.

Sunoco Logistics Partners (NYSE ETP) opened at $16.53 on Friday. Sunoco Logistics Partners has a 12 month low of $15.25 and a 12 month high of $26.73. The company has a market capitalization of $19,100.00, a price-to-earnings ratio of 23.61 and a beta of 1.01. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 1.09.

Sunoco Logistics Partners (NYSE:ETP) last announced its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.33 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $7.31 billion. During the same period in the prior year, the company earned ($0.49) EPS. Sunoco Logistics Partners’s revenue was up 26.1% compared to the same quarter last year. sell-side analysts predict that Sunoco Logistics Partners will post 0.64 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of ETP. Tortoise Capital Advisors L.L.C. grew its holdings in Sunoco Logistics Partners by 154.3% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 43,337,625 shares of the pipeline company’s stock worth $883,654,000 after acquiring an additional 26,293,140 shares during the period. Kayne Anderson Capital Advisors LP grew its holdings in Sunoco Logistics Partners by 97.6% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 41,329,104 shares of the pipeline company’s stock worth $842,685,000 after acquiring an additional 20,414,761 shares during the period. Alps Advisors Inc. grew its holdings in Sunoco Logistics Partners by 57.9% during the 2nd quarter. Alps Advisors Inc. now owns 47,476,301 shares of the pipeline company’s stock worth $968,042,000 after acquiring an additional 17,412,412 shares during the period. JPMorgan Chase & Co. grew its holdings in Sunoco Logistics Partners by 95.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock worth $479,265,000 after acquiring an additional 11,483,706 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Sunoco Logistics Partners by 106.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,859,350 shares of the pipeline company’s stock worth $241,812,000 after acquiring an additional 6,127,839 shares during the period. Hedge funds and other institutional investors own 62.16% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Sunoco Logistics Partners (ETP) Rating Increased to Hold at ValuEngine” was reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.watchlistnews.com/sunoco-logistics-partners-etp-rating-increased-to-hold-at-valuengine/1738184.html.

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.

Analyst Recommendations for Sunoco Logistics Partners (NYSE:ETP)

Receive News & Ratings for Sunoco Logistics Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco Logistics Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.