B. Riley Financial Inc. Purchases New Position in Sunoco Logistics Partners LP (ETP)

B. Riley Financial Inc. purchased a new position in shares of Sunoco Logistics Partners LP (NYSE:ETP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,064 shares of the pipeline company’s stock, valued at approximately $185,000.

Several other hedge funds have also recently bought and sold shares of the company. Ffcm LLC raised 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 valued at $115,000 after acquiring an additional 4,491 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in shares of Sunoco Logistics Partners in the 2nd quarter valued at about $119,000. Hirtle Callaghan & Co LLC raised 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 valued at $130,000 after acquiring an additional 4,154 shares in the last quarter. Sterling Investment Advisors Ltd. raised its holdings in shares of Sunoco Logistics Partners by 425.7% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 6,813 shares of the pipeline company’s stock valued at $139,000 after acquiring an additional 5,517 shares in the last quarter. Finally, Heritage Trust Co raised its holdings in shares of Sunoco Logistics Partners by 245.6% in the 2nd quarter. Heritage Trust Co now owns 7,065 shares of the pipeline company’s stock valued at $144,000 after acquiring an additional 5,021 shares in the last quarter. Institutional investors own 62.19% of the company’s stock.

Several equities analysts have recently commented on the company. BidaskClub lowered Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. BMO Capital Markets set a $26.00 price objective on Sunoco Logistics Partners and gave the company a “hold” rating in a research report on Friday, August 18th. ValuEngine upgraded Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Citigroup reduced their price objective on Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, August 15th. Finally, Robert W. Baird set a $28.00 price target on Sunoco Logistics Partners and gave the stock a “buy” rating in a research report on Saturday, November 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $26.46.

Shares of Sunoco Logistics Partners LP (ETP) opened at $16.34 on Thursday. The firm has a market capitalization of $19,204.31, a P/E ratio of 24.81 and a beta of 1.00. Sunoco Logistics Partners LP has a 1 year low of $15.25 and a 1 year high of $26.73. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.84 and a quick ratio of 0.61.

Sunoco Logistics Partners (NYSE:ETP) last issued its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.11. The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $7.31 billion. Sunoco Logistics Partners had a return on equity of 5.88% and a net margin of 4.97%. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period last year, the company earned ($0.49) EPS. equities research analysts anticipate that Sunoco Logistics Partners LP will post 0.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were paid a $0.565 dividend. This represents a $2.26 dividend on an annualized basis and a dividend yield of 13.83%. The ex-dividend date was Monday, November 6th. This is a boost from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. Sunoco Logistics Partners’s dividend payout ratio (DPR) is presently 337.31%.

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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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