Sunoco Logistics Partners LP (ETP) Shares Sold by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. cut its stake in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 9.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 236,957 shares of the pipeline company’s stock after selling 23,862 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Sunoco Logistics Partners were worth $4,331,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ETP. Kayne Anderson Capital Advisors LP raised its position in Sunoco Logistics Partners by 97.6% during the second quarter. Kayne Anderson Capital Advisors LP now owns 41,329,104 shares of the pipeline company’s stock worth $842,685,000 after acquiring an additional 20,414,761 shares during the period. Alps Advisors Inc. raised its position in shares of Sunoco Logistics Partners by 57.9% in the second quarter. Alps Advisors Inc. now owns 47,476,301 shares of the pipeline company’s stock valued at $968,042,000 after buying an additional 17,412,412 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 valued at $479,265,000 after buying an additional 11,483,706 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of 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 valued at $241,812,000 after buying an additional 6,127,839 shares during the last quarter. Finally, Atlantic Trust Group LLC raised its position in shares of Sunoco Logistics Partners by 46.3% in the second quarter. Atlantic Trust Group LLC now owns 17,872,172 shares of the pipeline company’s stock valued at $364,413,000 after buying an additional 5,657,463 shares during the last quarter. Institutional investors own 62.19% of the company’s stock.

A number of equities research analysts have recently commented on ETP shares. Citigroup 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 research report on Tuesday, August 15th. Robert W. Baird reiterated a “buy” rating and issued a $29.00 target price on shares of Sunoco Logistics Partners in a research report on Tuesday, September 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $24.00 target price on shares of Sunoco Logistics Partners in a research report on Friday, September 22nd. Royal Bank of Canada reiterated a “buy” rating and issued a $28.00 target price on shares of Sunoco Logistics Partners in a research report on Wednesday, September 6th. Finally, Mizuho set a $26.00 target price on shares of Sunoco Logistics Partners and gave the company a “buy” rating in a research report on Sunday, October 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Sunoco Logistics Partners presently has an average rating of “Buy” and a consensus target price of $26.46.

Shares of Sunoco Logistics Partners LP (NYSE ETP) opened at $16.92 on Wednesday. Sunoco Logistics Partners LP has a 12-month low of $15.25 and a 12-month high of $26.73. The stock has a market cap of $19,192.76, a PE ratio of 24.79 and a beta of 1.00. 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 released its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same period 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. analysts predict 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. Investors of record on Tuesday, November 7th were given a dividend of $0.565 per share. This is a boost from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. This represents a $2.26 annualized dividend and a yield of 13.36%. The ex-dividend date was Monday, November 6th. Sunoco Logistics Partners’s dividend payout ratio (DPR) is presently 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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Institutional Ownership by Quarter for Sunoco Logistics Partners (NYSE:ETP)

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