Magnetar Financial LLC lifted its stake in Sunoco Logistics Partners LP (NYSE:ETP) by 8,733.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,650,000 shares of the pipeline company’s stock after acquiring an additional 2,620,000 shares during the period. Magnetar Financial LLC owned approximately 0.23% of Sunoco Logistics Partners worth $48,469,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ETP. Kayne Anderson Capital Advisors LP grew its stake in shares of Sunoco Logistics Partners by 97.6% in the second 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 last quarter. Alps Advisors Inc. grew its stake in shares of Sunoco Logistics Partners by 57.9% in the second 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 last quarter. JPMorgan Chase & Co. grew its stake in shares of Sunoco Logistics Partners by 95.5% in the second 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 last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Sunoco Logistics Partners by 106.9% in the second 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 last quarter. Finally, Atlantic Trust Group LLC grew its stake in shares of Sunoco Logistics Partners by 46.3% in the second quarter. Atlantic Trust Group LLC now owns 17,872,172 shares of the pipeline company’s stock worth $364,413,000 after acquiring an additional 5,657,463 shares during the last quarter. Institutional investors and hedge funds own 62.19% of the company’s stock.

Several equities research analysts have recently issued reports on ETP shares. Stifel Nicolaus restated a “buy” rating and issued a $21.00 price objective (down previously from $24.00) on shares of Sunoco Logistics Partners in a research note 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 for the company in a research report on Tuesday, November 14th. Goldman Sachs Group cut Sunoco Logistics Partners from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research report on Tuesday, October 17th. Citigroup reduced their target price on Sunoco Logistics Partners from $29.00 to $26.00 and set a “buy” rating for the company in a research 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 research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $26.46.

Sunoco Logistics Partners LP (NYSE ETP) opened at $16.40 on Wednesday. Sunoco Logistics Partners LP has a twelve month low of $15.25 and a twelve month high of $26.73. The stock has a market capitalization of $19,470.07, a price-to-earnings ratio of 25.15 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.61 and a current ratio of 0.84.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were paid a $0.565 dividend. The ex-dividend date was Monday, November 6th. This is a positive change from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. This represents a $2.26 dividend on an annualized basis and a dividend yield of 13.78%. Sunoco Logistics Partners’s dividend payout ratio (DPR) is 337.31%.

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Sunoco Logistics Partners Company 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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