Belpointe Asset Management LLC purchased a new position in Sunoco Logistics Partners LP (NYSE:ETP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,420 shares of the pipeline company’s stock, valued at approximately $191,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in 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 acquiring an additional 6,127,839 shares during the last quarter. BlackRock Inc. grew its stake in shares of Sunoco Logistics Partners by 111.0% during the second quarter. BlackRock Inc. now owns 4,489,481 shares of the pipeline company’s stock valued at $91,540,000 after buying an additional 2,361,689 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 buying an additional 11,483,706 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Sunoco Logistics Partners by 9,517.3% during the third quarter. SG Americas Securities LLC now owns 2,659,844 shares of the pipeline company’s stock valued at $48,649,000 after buying an additional 2,632,187 shares during the last quarter. Finally, Freestone Capital Holdings LLC grew its stake in shares of Sunoco Logistics Partners by 342.3% during the second quarter. Freestone Capital Holdings LLC now owns 390,075 shares of the pipeline company’s stock valued at $7,954,000 after buying an additional 301,883 shares during the last quarter. 62.19% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on the company. Tudor Pickering raised Sunoco Logistics Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, December 13th. Robert W. Baird set a $28.00 price objective on Sunoco Logistics Partners and gave the company a “buy” rating in a research note on Saturday, November 18th. ValuEngine raised Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $28.00 price objective on shares of Sunoco Logistics Partners in a research note on Wednesday, September 6th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $23.00 target price on shares of Sunoco Logistics Partners in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned 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 price target of $26.46.

Shares of Sunoco Logistics Partners LP (NYSE:ETP) traded up $0.08 on Monday, reaching $17.50. 11,449,400 shares of the company’s stock traded hands, compared to its average volume of 5,622,141. 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 LP has a twelve month low of $15.25 and a twelve month high of $26.73. The stock has a market capitalization of $20,221.14, a price-to-earnings ratio of 26.12 and a beta of 1.00.

Sunoco Logistics Partners (NYSE:ETP) last issued its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.33 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 business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same period last year, the business posted ($0.49) earnings per share. Sunoco Logistics Partners’s quarterly revenue was up 26.1% compared to the same quarter last year. analysts anticipate that Sunoco Logistics Partners LP will post 0.64 earnings per share for the current fiscal year.

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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.

Institutional Ownership by Quarter for Sunoco Logistics Partners (NYSE:ETP)

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