Haverford Trust Co. raised its stake in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 251.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 53,969 shares of the pipeline company’s stock after acquiring an additional 38,607 shares during the period. Haverford Trust Co.’s holdings in Sunoco Logistics Partners were worth $987,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Duncker Streett & Co. Inc. lifted its stake in shares of Sunoco Logistics Partners by 17.9% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock worth $106,000 after purchasing an additional 785 shares during the period. Ffcm LLC increased its holdings in Sunoco Logistics Partners by 433.9% in the 2nd quarter. Ffcm LLC now owns 5,526 shares of the pipeline company’s stock worth $115,000 after acquiring an additional 4,491 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in Sunoco Logistics Partners in the 2nd quarter worth approximately $119,000. Oakworth Capital Inc. increased its holdings in Sunoco Logistics Partners by 121.2% in the 2nd quarter. Oakworth Capital Inc. now owns 5,876 shares of the pipeline company’s stock worth $120,000 after acquiring an additional 3,219 shares in the last quarter. Finally, Hirtle Callaghan & Co LLC increased its holdings in Sunoco Logistics Partners by 187.7% in the 2nd quarter. Hirtle Callaghan & Co LLC now owns 6,367 shares of the pipeline company’s stock worth $130,000 after acquiring an additional 4,154 shares in the last quarter. Institutional investors and hedge funds own 56.63% of the company’s stock.
Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Citigroup Inc. reduced their target price on shares of Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, August 15th. ValuEngine lowered shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, Robert W. Baird reissued a “buy” rating and issued a $29.00 target price on shares of Sunoco Logistics Partners in a report on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Sunoco Logistics Partners has an average rating of “Buy” and an average price target of $26.46.
Sunoco Logistics Partners (NYSE:ETP) last announced its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same period last year, the firm posted ($0.49) EPS. The company’s revenue was up 26.1% on a year-over-year basis. equities research analysts expect that Sunoco Logistics Partners LP will post 0.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were issued a dividend of $0.565 per share. 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 yield of 13.78%. The ex-dividend date was Monday, November 6th. 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.
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