Cambridge Investment Research Advisors Inc. reduced its position in Sunoco Logistics Partners LP (NYSE:ETP) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,037 shares of the pipeline company’s stock after selling 3,067 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Sunoco Logistics Partners were worth $2,890,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Archford Capital Strategies LLC grew its holdings in shares of 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 valued at $397,000 after purchasing an additional 4,420 shares during the last quarter. Duncker Streett & Co. Inc. grew its holdings in shares of 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 valued at $106,000 after purchasing an additional 785 shares during the last quarter. Ffcm LLC grew its holdings in shares of Sunoco Logistics Partners by 433.9% during the 2nd quarter. Ffcm LLC now owns 5,526 shares of the pipeline company’s stock valued at $115,000 after purchasing an additional 4,491 shares during the last quarter. Fiduciary Trust Co. bought a new stake in shares of Sunoco Logistics Partners during the 2nd quarter valued at approximately $119,000. Finally, Oakworth Capital Inc. grew its holdings in shares of Sunoco Logistics Partners by 121.2% during the 2nd quarter. Oakworth Capital Inc. now owns 5,876 shares of the pipeline company’s stock valued at $120,000 after purchasing an additional 3,219 shares during the last quarter. 59.30% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities research analysts recently issued reports on ETP shares. ValuEngine lowered shares of 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 target on shares of Sunoco Logistics Partners and gave the company a “hold” rating in a report on Thursday, October 12th. The Goldman Sachs Group, Inc. lowered shares of Sunoco Logistics Partners from a “buy” rating to a “neutral” rating and set a $20.00 price target on the stock. in a report on Tuesday, October 17th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $28.00 price target on shares of Sunoco Logistics Partners in a report on Wednesday, September 6th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $29.00 price target on shares of Sunoco Logistics Partners in a report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $26.52.

Shares of Sunoco Logistics Partners LP (NYSE:ETP) traded up $0.12 during midday trading on Friday, hitting $16.75. 6,360,502 shares of the stock were exchanged, compared to its average volume of 5,270,859. The firm has a market cap of $19,220.00, a P/E ratio of 24.51 and a beta of 1.01. Sunoco Logistics Partners LP has a 1 year low of $15.97 and a 1 year high of $26.99. 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 issued its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.11. The firm had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $7.31 billion. Sunoco Logistics Partners had a net margin of 4.97% and a return on equity of 5.88%. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.49) EPS. sell-side analysts expect that Sunoco Logistics Partners LP will post 0.64 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were given a $0.565 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $2.26 dividend on an annualized basis and a dividend yield of 13.49%. This is an increase from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. Sunoco Logistics Partners’s payout ratio is 376.67%.

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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