Institutional & Family Asset Management LLC 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 (SEC). The institutional investor bought 134,762 shares of the pipeline company’s stock, valued at approximately $2,465,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ETP. Kayne Anderson Capital Advisors LP lifted its holdings in shares of 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 valued at $842,685,000 after purchasing an additional 20,414,761 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings 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 valued at $479,265,000 after purchasing an additional 11,483,706 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings 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 valued at $241,812,000 after purchasing an additional 6,127,839 shares during the last quarter. Atlantic Trust Group LLC lifted its holdings 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 valued at $364,413,000 after purchasing an additional 5,657,463 shares during the last quarter. Finally, Alps Advisors Inc. lifted its holdings in shares of Sunoco Logistics Partners by 11.8% during the third quarter. Alps Advisors Inc. now owns 53,064,680 shares of the pipeline company’s stock valued at $970,553,000 after purchasing an additional 5,588,379 shares during the last quarter. 62.19% of the stock is owned by institutional investors and hedge funds.

Shares of Sunoco Logistics Partners LP (NYSE:ETP) traded down $0.13 during mid-day trading on Friday, reaching $17.29. The company’s stock had a trading volume of 661,168 shares, compared to its average volume of 5,597,961. 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 LP has a 12 month low of $15.25 and a 12 month high of $26.73. The firm has a market cap of $19,955.38, a price-to-earnings ratio of 25.78 and a beta of 1.00.

Sunoco Logistics Partners (NYSE:ETP) last issued its earnings results on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $7.31 billion. During the same period in the prior year, the firm posted ($0.49) EPS. The business’s revenue was up 26.1% compared to the same quarter last year. sell-side analysts forecast that Sunoco Logistics Partners LP will post 0.64 earnings per share for the current fiscal year.

Several research analysts recently weighed in on the company. Stifel Nicolaus reissued a “buy” rating and set a $21.00 price target (down from $24.00) on shares of Sunoco Logistics Partners in a research report on Thursday, November 9th. Citigroup dropped their price target on Sunoco Logistics Partners from $29.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, October 10th. Robert W. Baird reissued a “buy” rating and set a $29.00 price target on shares of Sunoco Logistics Partners in a research report on Tuesday, September 26th. Royal Bank of Canada reissued a “buy” rating and set a $28.00 price target on shares of Sunoco Logistics Partners in a research report on Wednesday, September 6th. Finally, Mizuho set a $26.00 price target on Sunoco Logistics Partners and gave the company a “buy” rating in a research report on Sunday, October 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Sunoco Logistics Partners presently has a consensus 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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