Private Advisor Group LLC Sells 7,063 Shares of Sunoco Logistics Partners LP (ETP)

Private Advisor Group LLC reduced its stake in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,751 shares of the pipeline company’s stock after selling 7,063 shares during the quarter. Private Advisor Group LLC’s holdings in Sunoco Logistics Partners were worth $2,306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Harvest Fund Advisors LLC grew its stake in Sunoco Logistics Partners by 3.2% during the 3rd quarter. Harvest Fund Advisors LLC now owns 55,063,439 shares of the pipeline company’s stock worth $1,007,110,000 after buying an additional 1,691,524 shares during the last quarter. Alps Advisors Inc. grew its stake in Sunoco Logistics Partners by 11.8% during the 3rd quarter. Alps Advisors Inc. now owns 53,064,680 shares of the pipeline company’s stock worth $970,553,000 after buying an additional 5,588,379 shares during the last quarter. Kayne Anderson Capital Advisors LP grew its stake in Sunoco Logistics Partners by 97.6% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 41,329,104 shares of the pipeline company’s stock worth $842,685,000 after buying an additional 20,414,761 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Sunoco Logistics Partners by 95.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock worth $479,265,000 after buying an additional 11,483,706 shares during the last quarter. Finally, Atlantic Trust Group LLC grew its stake in Sunoco Logistics Partners by 46.3% during the 2nd quarter. Atlantic Trust Group LLC now owns 17,872,172 shares of the pipeline company’s stock worth $364,413,000 after buying an additional 5,657,463 shares during the last quarter. Hedge funds and other institutional investors own 62.19% of the company’s stock.

Shares of Sunoco Logistics Partners LP (ETP) opened at $16.50 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $19,470.07, a price-to-earnings ratio of 25.15 and a beta of 1.00. Sunoco Logistics Partners LP has a twelve month low of $15.25 and a twelve month high of $26.73.

Sunoco Logistics Partners (NYSE:ETP) last announced 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 during the quarter, compared to analyst estimates of $7.31 billion. Sunoco Logistics Partners had a return on equity of 5.88% and a net margin of 4.97%. The company’s revenue was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.49) earnings per share. analysts forecast that Sunoco Logistics Partners LP will post 0.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were issued a $0.565 dividend. This is a positive change from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Monday, November 6th. This represents a $2.26 annualized dividend and a dividend yield of 13.70%. Sunoco Logistics Partners’s dividend payout ratio is 337.31%.

ETP has been the subject of a number of recent research reports. Mizuho set a $26.00 price objective on Sunoco Logistics Partners and gave the stock a “buy” rating in a research note on Sunday, October 15th. Citigroup reduced their price target 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. Robert W. Baird reiterated a “buy” rating and set a $29.00 price target on shares of Sunoco Logistics Partners in a research report on Tuesday, September 26th. Stifel Nicolaus reiterated a “buy” rating and set a $24.00 price target on shares of Sunoco Logistics Partners in a research report on Friday, September 22nd. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $28.00 price target on shares of Sunoco Logistics Partners in a research report on Wednesday, September 6th. 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’s stock. The company currently has a consensus rating of “Buy” and an average price target 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.

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

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