Sunoco Logistics Partners LP (ETP) PT Lowered to $23.00
Sunoco Logistics Partners LP (NYSE:ETP) had its price objective lowered by Morgan Stanley from $25.00 to $23.00 in a research note issued to investors on Friday morning. Morgan Stanley currently has an equal weight rating on the pipeline company’s stock.
A number of other research analysts also recently commented on ETP. ValuEngine downgraded Sunoco Logistics Partners from a hold rating to a sell rating in a report on Friday, September 1st. BMO Capital Markets set a $26.00 price target on Sunoco Logistics Partners and gave the company a hold rating in a report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) downgraded Sunoco Logistics Partners from a buy rating to a neutral rating and set a $20.00 price target for the company. in a report on Tuesday, October 17th. Royal Bank Of Canada reissued a buy rating and issued a $28.00 price target on shares of Sunoco Logistics Partners in a report on Wednesday, September 6th. Finally, Robert W. Baird reissued a buy rating and issued a $29.00 price target on shares of Sunoco Logistics Partners in a report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Sunoco Logistics Partners currently has an average rating of Buy and a consensus target price of $26.46.
Shares of Sunoco Logistics Partners (NYSE ETP) opened at $16.71 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 1.09. Sunoco Logistics Partners has a 12 month low of $15.97 and a 12 month high of $26.73. The stock has a market capitalization of $19,310.00, a PE ratio of 25.00 and a beta of 1.01.
Sunoco Logistics Partners (NYSE:ETP) last posted its earnings results 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 return on equity of 5.88% and a net margin of 4.97%. The business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same quarter last year, the firm earned ($0.49) earnings per share. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. analysts expect that Sunoco Logistics Partners will post 0.64 EPS for the current year.
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The company also recently announced 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 represents a $2.26 dividend on an annualized basis and a yield of 13.52%. The ex-dividend date was Monday, November 6th. This is an increase from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. Sunoco Logistics Partners’s dividend payout ratio (DPR) is currently 376.67%.
Several hedge funds and other institutional investors have recently made changes to their positions in ETP. Duncker Streett & Co. Inc. lifted its holdings 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 last quarter. Ffcm LLC lifted its holdings in shares of 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 purchasing an additional 4,491 shares during the last quarter. Fiduciary Trust Co. bought a new stake in shares of Sunoco Logistics Partners in the 2nd quarter worth approximately $119,000. Oakworth Capital Inc. lifted its holdings in shares of 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 purchasing an additional 3,219 shares during the last quarter. Finally, Hirtle Callaghan & Co LLC lifted its holdings in shares of 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 purchasing an additional 4,154 shares during the last quarter. 56.63% of the stock is currently owned by institutional investors and hedge funds.
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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