Comerica Bank Takes $312,000 Position in Sunoco Logistics Partners LP (ETP)

Comerica Bank bought a new stake in shares of Sunoco Logistics Partners LP (NYSE:ETP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,058 shares of the pipeline company’s stock, valued at approximately $312,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kayne Anderson Capital Advisors LP boosted its position in shares of 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 valued at $842,685,000 after acquiring an additional 20,414,761 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Sunoco Logistics Partners by 57.9% during the second quarter. Alps Advisors Inc. now owns 47,476,301 shares of the pipeline company’s stock worth $968,042,000 after purchasing an additional 17,412,412 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Sunoco Logistics Partners by 95.5% during the second quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock worth $479,265,000 after purchasing an additional 11,483,706 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Sunoco Logistics Partners by 106.9% during 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 purchasing an additional 6,127,839 shares in the last quarter. Finally, Atlantic Trust Group LLC lifted its position in shares of Sunoco Logistics Partners by 46.3% during the second quarter. Atlantic Trust Group LLC now owns 17,872,172 shares of the pipeline company’s stock worth $364,413,000 after purchasing an additional 5,657,463 shares in the last quarter. 62.19% of the stock is owned by institutional investors.

Several analysts have recently issued reports on ETP shares. ValuEngine raised shares of Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. BMO Capital Markets set a $26.00 price target on shares of Sunoco Logistics Partners and gave the stock a “hold” rating in a research report on Friday, August 18th. Citigroup reduced their price target on shares of Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, August 15th. Zacks Investment Research cut shares of Sunoco Logistics Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Stifel Nicolaus restated a “buy” rating and set a $24.00 target price on shares of Sunoco Logistics Partners in a research note on Friday, September 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Sunoco Logistics Partners presently has a consensus rating of “Buy” and a consensus target price of $26.46.

Shares of Sunoco Logistics Partners LP (NYSE:ETP) opened at $16.50 on Wednesday. The firm has a market cap of $19,470.07, a P/E ratio of 25.15 and a beta of 1.00. Sunoco Logistics Partners LP has a one year low of $15.25 and a one year high of $26.73. 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 quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.11. The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $7.31 billion. Sunoco Logistics Partners had a net margin of 4.97% and a return on equity of 5.88%. The firm’s revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.49) earnings per share. analysts predict that Sunoco Logistics Partners LP will post 0.64 EPS for the current fiscal year.

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

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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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