Sei Investments Co. boosted its holdings in Sunoco Logistics Partners LP (NYSE:ETP) by 7,819.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,778 shares of the pipeline company’s stock after acquiring an additional 37,301 shares during the period. Sei Investments Co.’s holdings in Sunoco Logistics Partners were worth $691,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in 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. BlackRock Inc. lifted its holdings in Sunoco Logistics Partners by 111.0% in the second quarter. BlackRock Inc. now owns 4,489,481 shares of the pipeline company’s stock worth $91,540,000 after acquiring an additional 2,361,689 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in 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. Freestone Capital Holdings LLC lifted its holdings in Sunoco Logistics Partners by 342.3% in the second quarter. Freestone Capital Holdings LLC now owns 390,075 shares of the pipeline company’s stock worth $7,954,000 after acquiring an additional 301,883 shares during the last quarter. Finally, Legacy Advisors LLC bought a new position in Sunoco Logistics Partners in the third quarter worth about $361,000. 62.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sunoco Logistics Partners LP (ETP) traded down $0.15 during trading hours on Friday, hitting $16.47. 7,326,091 shares of the company’s stock traded hands, compared to its average volume of 8,174,559. Sunoco Logistics Partners LP has a 12 month low of $15.25 and a 12 month high of $26.73. The firm has a market capitalization of $19,030.99, a price-to-earnings ratio of 24.58 and a beta of 1.00. 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 consensus estimate of $0.22 by $0.11. Sunoco Logistics Partners had a net margin of 4.97% and a return on equity of 5.88%. The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $7.31 billion. During the same quarter last year, the business earned ($0.49) earnings per share. Sunoco Logistics Partners’s revenue was up 26.1% compared to the same quarter last year. sell-side analysts anticipate that Sunoco Logistics Partners LP will post 0.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were paid a dividend of $0.565 per share. This represents a $2.26 dividend on an annualized basis and a dividend yield of 13.72%. The ex-dividend date of this dividend was Monday, November 6th. This is a positive change from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. Sunoco Logistics Partners’s dividend payout ratio (DPR) is currently 337.31%.

ETP has been the topic of a number of recent research reports. Zacks Investment Research raised shares of 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. ValuEngine cut 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 research note on Thursday, October 12th. Goldman Sachs Group 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 research note on Tuesday, October 17th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $21.00 price target (down previously from $24.00) on shares of Sunoco Logistics Partners in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Sunoco Logistics Partners presently has an average rating of “Buy” and an average target price of $26.46.

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

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