Sunoco Logistics Partners LP (ETP) PT Set at $28.00 by Robert W. Baird

Robert W. Baird set a $28.00 target price on Sunoco Logistics Partners LP (NYSE:ETP) in a report published on Saturday morning. The brokerage currently has a buy rating on the pipeline company’s stock.

Other equities analysts have also recently issued reports about the company. BidaskClub cut Sunoco Logistics Partners from a hold rating to a sell rating in a report on Friday, August 18th. BMO Capital Markets set a $26.00 target price on Sunoco Logistics Partners and gave the stock a hold rating in a report on Friday, August 18th. Scotiabank set a $28.00 target price on Sunoco Logistics Partners and gave the stock a buy rating in a report on Friday, July 21st. Zacks Investment Research cut Sunoco Logistics Partners from a hold rating to a sell rating in a report on Tuesday, August 1st. Finally, Citigroup Inc. decreased their target price on Sunoco Logistics Partners from $30.00 to $29.00 and set a buy rating on the stock in a report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Sunoco Logistics Partners currently has a consensus rating of Buy and a consensus target price of $26.46.

Sunoco Logistics Partners (NYSE:ETP) opened at $16.33 on Friday. The firm has a market capitalization of $18,870.00, a price-to-earnings ratio of 25.00 and a beta of 1.01. 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 has a twelve month low of $15.97 and a twelve month high of $26.73.

Sunoco Logistics Partners (NYSE:ETP) last released its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.11. The firm had revenue of $6.97 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.49) EPS. sell-side analysts predict that Sunoco Logistics Partners will post 0.64 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were given a dividend of $0.565 per share. 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 dividend on an annualized basis and a dividend yield of 13.84%. Sunoco Logistics Partners’s dividend payout ratio (DPR) is presently 376.67%.

Several institutional investors have recently modified their holdings of ETP. Duncker Streett & Co. Inc. grew its position in shares of Sunoco Logistics Partners by 17.9% during the second 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 in the last quarter. Ffcm LLC grew its position in shares of Sunoco Logistics Partners by 433.9% during the second 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 in the last quarter. Fiduciary Trust Co. purchased a new position in shares of Sunoco Logistics Partners during the second quarter valued at about $119,000. Oakworth Capital Inc. grew its position in shares of Sunoco Logistics Partners by 121.2% during the second 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 in the last quarter. Finally, Hirtle Callaghan & Co LLC grew its position in shares of Sunoco Logistics Partners by 187.7% during the second quarter. Hirtle Callaghan & Co LLC now owns 6,367 shares of the pipeline company’s stock valued at $130,000 after purchasing an additional 4,154 shares in the last quarter. Hedge funds and other institutional investors own 56.63% of the company’s stock.

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.

Analyst Recommendations for Sunoco Logistics Partners (NYSE:ETP)

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