Texas Yale Capital Corp. acquired a new stake in shares of Sunoco Logistics Partners LP (NYSE:ETP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 394,112 shares of the pipeline company’s stock, valued at approximately $7,208,000. Sunoco Logistics Partners comprises about 0.6% of Texas Yale Capital Corp.’s holdings, making the stock its 23rd biggest holding.
Other large investors also recently made changes to their positions in the company. Alps Advisors Inc. increased its position 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 acquiring an additional 5,588,379 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its position in Sunoco Logistics Partners by 154.3% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 43,337,625 shares of the pipeline company’s stock worth $883,654,000 after purchasing an additional 26,293,140 shares during the period. Kayne Anderson Capital Advisors LP grew its position in Sunoco Logistics Partners by 97.6% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 41,329,104 shares of the pipeline company’s stock worth $842,685,000 after purchasing an additional 20,414,761 shares during the period. JPMorgan Chase & Co. grew its position in Sunoco Logistics Partners by 95.5% in the 2nd 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 during the period. Finally, Atlantic Trust Group LLC grew its position in Sunoco Logistics Partners by 46.3% in the 2nd 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 during the period. 62.19% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sunoco Logistics Partners LP (NYSE:ETP) opened at $16.62 on Friday. The company has a market cap of $19,200.00, a price-to-earnings ratio of 24.81 and a beta of 1.00. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 1.09. Sunoco Logistics Partners LP has a 52-week low of $15.25 and a 52-week high of $26.73.
Sunoco Logistics Partners (NYSE:ETP) last released 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 quarter last year, the business earned ($0.49) earnings per share. equities analysts expect that Sunoco Logistics Partners LP will post 0.64 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were paid a dividend of $0.565 per share. The ex-dividend date was Monday, November 6th. This is an increase 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 13.60%. Sunoco Logistics Partners’s payout ratio is 376.67%.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Sunoco Logistics Partners from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, November 14th. ValuEngine cut shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. BMO Capital Markets set a $26.00 target price on shares of Sunoco Logistics Partners and gave the company a “hold” rating in a research note on Thursday, October 12th. Goldman Sachs Group cut 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. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $21.00 price target (down previously from $24.00) on shares of Sunoco Logistics Partners in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $26.46.
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Sunoco Logistics Partners 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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