Tiedemann Wealth Management LLC reduced its stake in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 449,463 shares of the pipeline company’s stock after selling 15,373 shares during the quarter. Tiedemann Wealth Management LLC’s holdings in Sunoco Logistics Partners were worth $398,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ffcm LLC raised its stake in Sunoco Logistics Partners by 433.9% during the 2nd quarter. Ffcm LLC now owns 5,526 shares of the pipeline company’s stock worth $115,000 after acquiring an additional 4,491 shares in the last quarter. Fiduciary Trust Co. acquired a new stake in Sunoco Logistics Partners during the 2nd quarter worth $119,000. Oakworth Capital Inc. raised its stake in Sunoco Logistics Partners by 121.2% during the 2nd quarter. Oakworth Capital Inc. now owns 5,876 shares of the pipeline company’s stock worth $120,000 after acquiring an additional 3,219 shares in the last quarter. Hirtle Callaghan & Co LLC raised its stake in Sunoco Logistics Partners by 187.7% during the 2nd quarter. Hirtle Callaghan & Co LLC now owns 6,367 shares of the pipeline company’s stock worth $130,000 after acquiring an additional 4,154 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. raised its stake in Sunoco Logistics Partners by 425.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 6,813 shares of the pipeline company’s stock worth $139,000 after acquiring an additional 5,517 shares in the last quarter. Hedge funds and other institutional investors own 62.16% of the company’s stock.

Sunoco Logistics Partners LP (NYSE:ETP) traded up $0.90 during midday trading on Friday, reaching $16.61. 13,015,601 shares of the company’s stock were exchanged, compared to its average volume of 5,394,247. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $19,100.00, a price-to-earnings ratio of 23.61 and a beta of 1.01. Sunoco Logistics Partners LP has a one year low of $15.25 and a one year high of $26.73.

Sunoco Logistics Partners (NYSE:ETP) last posted its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates 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%. Sunoco Logistics Partners’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.49) earnings per share. research analysts anticipate that Sunoco Logistics Partners LP will post 0.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were paid a $0.565 dividend. The ex-dividend date of this dividend was Monday, November 6th. This is a positive change from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. This represents a $2.26 dividend on an annualized basis and a yield of 13.61%. Sunoco Logistics Partners’s payout ratio is currently 376.67%.

ETP has been the topic of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $21.00 price target (down from $24.00) on shares of Sunoco Logistics Partners in a research note on Thursday, November 9th. Zacks Investment Research upgraded shares of Sunoco Logistics Partners from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, November 14th. Goldman Sachs Group lowered shares of Sunoco Logistics Partners from a “buy” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research note on Tuesday, October 17th. Citigroup cut their price target on shares of Sunoco Logistics Partners from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, October 10th. Finally, 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 note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $26.46.

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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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