Atlantic Trust Group LLC grew its position in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 28.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,926,399 shares of the pipeline company’s stock after purchasing an additional 5,054,227 shares during the period. Sunoco Logistics Partners comprises about 1.9% of Atlantic Trust Group LLC’s holdings, making the stock its 6th largest holding. Atlantic Trust Group LLC owned approximately 1.98% of Sunoco Logistics Partners worth $419,325,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ETP. Ffcm LLC lifted its stake in Sunoco Logistics Partners by 433.9% during the second quarter. Ffcm LLC now owns 5,526 shares of the pipeline company’s stock worth $115,000 after purchasing an additional 4,491 shares during the last quarter. Fiduciary Trust Co. purchased a new position in shares of Sunoco Logistics Partners in the second quarter worth about $119,000. Sterling Investment Advisors Ltd. increased its holdings in shares of Sunoco Logistics Partners by 425.7% in the second quarter. Sterling Investment Advisors Ltd. now owns 6,813 shares of the pipeline company’s stock worth $139,000 after buying an additional 5,517 shares during the period. Heritage Trust Co increased its holdings in shares of Sunoco Logistics Partners by 245.6% in the second quarter. Heritage Trust Co now owns 7,065 shares of the pipeline company’s stock worth $144,000 after buying an additional 5,021 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Sunoco Logistics Partners by 2,538.7% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 8,048 shares of the pipeline company’s stock worth $161,000 after buying an additional 7,743 shares during the period. 62.16% of the stock is owned by hedge funds and other institutional investors.

Sunoco Logistics Partners LP (NYSE ETP) traded up $0.03 during trading on Thursday, reaching $17.47. The company’s stock had a trading volume of 8,290,600 shares, compared to its average volume of 5,669,498. 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 company has a market cap of $20,151.82, a PE ratio of 26.03 and a beta of 1.00. Sunoco Logistics Partners LP has a fifty-two week low of $15.25 and a fifty-two week high of $26.73.

Sunoco Logistics Partners (NYSE:ETP) last posted its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.11. The business had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $7.31 billion. Sunoco Logistics Partners had a return on equity of 5.88% and a net margin of 4.97%. The business’s revenue was up 26.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.49) EPS. equities analysts forecast that Sunoco Logistics Partners LP will post 0.64 EPS for the current year.

ETP has been the topic of several analyst reports. Zacks Investment Research upgraded Sunoco Logistics Partners from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Tuesday, November 14th. ValuEngine downgraded Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Friday, September 1st. BMO Capital Markets set a $26.00 price objective on Sunoco Logistics Partners and gave the stock a “hold” rating in a report on Thursday, October 12th. Goldman Sachs Group downgraded Sunoco Logistics Partners from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a report on Tuesday, October 17th. Finally, Tudor Pickering upgraded Sunoco Logistics Partners from a “hold” rating to a “buy” rating in a report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $26.46.

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Sunoco Logistics Partners 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.

Institutional Ownership by Quarter for Sunoco Logistics Partners (NYSE:ETP)

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