Spirit of America Management Corp NY increased its position in Sunoco Logistics Partners L.P. (NYSE:SXL) by 12.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 579,050 shares of the company’s stock after buying an additional 66,300 shares during the period. Sunoco Logistics Partners L.P. comprises approximately 2.1% of Spirit of America Management Corp NY’s portfolio, making the stock its 8th largest position. Spirit of America Management Corp NY owned about 0.19% of Sunoco Logistics Partners L.P. worth $16,451,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Financial Architects Inc boosted its position in shares of Sunoco Logistics Partners L.P. by 0.8% in the second quarter. Financial Architects Inc now owns 3,497 shares of the company’s stock worth $101,000 after buying an additional 28 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Sunoco Logistics Partners L.P. by 1.8% in the second quarter. Chicago Partners Investment Group LLC now owns 4,204 shares of the company’s stock worth $121,000 after buying an additional 73 shares during the last quarter. Bollard Group LLC boosted its position in shares of Sunoco Logistics Partners L.P. by 1.8% in the second quarter. Bollard Group LLC now owns 5,441 shares of the company’s stock worth $156,000 after buying an additional 95 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of Sunoco Logistics Partners L.P. by 4.4% in the second quarter. CENTRAL TRUST Co now owns 5,016 shares of the company’s stock worth $144,000 after buying an additional 210 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Sunoco Logistics Partners L.P. by 2.3% in the second quarter. Signaturefd LLC now owns 19,825 shares of the company’s stock worth $570,000 after buying an additional 450 shares during the last quarter.

Institutional Ownership by Quarter for Sunoco Logistics Partners L.P. (NYSE:SXL)

Shares of Sunoco Logistics Partners L.P. (NYSE:SXL) traded down 0.89% on Friday, hitting $26.60. 803,542 shares of the stock traded hands. The stock’s 50 day moving average price is $28.64 and its 200 day moving average price is $28.15. Sunoco Logistics Partners L.P. has a 52-week low of $15.43 and a 52-week high of $32.18. The stock has a market cap of $8.17 billion, a P/E ratio of 96.73 and a beta of 0.86.

Sunoco Logistics Partners L.P. (NYSE:SXL) last announced its earnings results on Wednesday, August 3rd. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.22. The firm earned $2.27 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the prior year, the company posted $0.83 EPS. The company’s revenue was down 29.2% compared to the same quarter last year. On average, equities analysts expect that Sunoco Logistics Partners L.P. will post $1.02 EPS for the current fiscal year.

SXL has been the topic of a number of analyst reports. Citigroup Inc. cut shares of Sunoco Logistics Partners L.P. to a “neutral” rating and decreased their price objective for the company from $38.00 to $34.00 in a research report on Friday, August 5th. They noted that the move was a valuation call. Barclays PLC boosted their price objective on shares of Sunoco Logistics Partners L.P. from $33.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, August 16th. Mitsubishi UFJ Financial Group cut shares of Sunoco Logistics Partners L.P. from an “overweight” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a research report on Thursday, August 4th. TheStreet cut shares of Sunoco Logistics Partners L.P. from a “buy” rating to a “hold” rating in a research report on Friday, October 7th. Finally, Stephens initiated coverage on shares of Sunoco Logistics Partners L.P. in a research report on Thursday, September 29th. They issued an “overweight” rating and a $35.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of C$32.56.

About Sunoco Logistics Partners L.P.

Sunoco Logistics Partners L.P. owns and operates a logistics business. The Company is engaged in the transport, terminalling 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. In addition to logistics services, it also owns acquisition and marketing assets, which are used to facilitate the purchase and sale of crude oil, refined products and NGLs.

5 Day Chart for NYSE:SXL

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