Huntington Steele LLC increased its position in shares of Sunoco Logistics Partners L.P. (NYSE:SXL) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,441 shares of the company’s stock after buying an additional 10,036 shares during the period. Sunoco Logistics Partners L.P. comprises about 1.9% of Huntington Steele LLC’s portfolio, making the stock its 12th largest position. Huntington Steele LLC owned 0.06% of Sunoco Logistics Partners L.P. worth $5,666,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Advisor Consultant Network Inc. acquired a new stake in Sunoco Logistics Partners L.P. during the third quarter valued at about $525,000. Duff & Phelps Investment Management Co. increased its stake in Sunoco Logistics Partners L.P. by 86.8% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,798,100 shares of the company’s stock valued at $51,084,000 after buying an additional 835,500 shares in the last quarter. Creative Planning increased its stake in Sunoco Logistics Partners L.P. by 35.6% in the third quarter. Creative Planning now owns 289,038 shares of the company’s stock valued at $8,212,000 after buying an additional 75,931 shares in the last quarter. CT Mason increased its stake in Sunoco Logistics Partners L.P. by 29.7% in the third quarter. CT Mason now owns 97,540 shares of the company’s stock valued at $2,771,000 after buying an additional 22,310 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Sunoco Logistics Partners L.P. by 616.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,622 shares of the company’s stock valued at $334,000 after buying an additional 10,000 shares in 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 up 4.55% during mid-day trading on Wednesday, hitting $23.69. 4,279,211 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $26.10 and a 200-day moving average price of $28.03. Sunoco Logistics Partners L.P. has a 52 week low of $15.43 and a 52 week high of $31.49. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 47.57 and a beta of 0.86.

Sunoco Logistics Partners L.P. (NYSE:SXL) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.04. The company earned $2.19 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the company earned $0.33 EPS. The business’s revenue was down 9.1% compared to the same quarter last year. On average, equities analysts anticipate that Sunoco Logistics Partners L.P. will post $0.94 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Wednesday, November 9th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 8.61%. The ex-dividend date was Monday, November 7th. This is an increase from Sunoco Logistics Partners L.P.’s previous quarterly dividend of $0.50.

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SXL has been the subject of several research reports. Mizuho initiated coverage on shares of Sunoco Logistics Partners L.P. in a research note on Thursday, September 29th. They set a “neutral” rating and a $30.00 price objective for the company. BMO Capital Markets reiterated a “buy” rating and set a $35.00 price objective on shares of Sunoco Logistics Partners L.P. in a research note on Friday, November 11th. Wolfe Research initiated coverage on shares of Sunoco Logistics Partners L.P. in a research note on Friday, October 7th. They set a “sell” rating and a $26.00 price objective for the company. TheStreet downgraded shares of Sunoco Logistics Partners L.P. from a “buy” rating to a “hold” rating in a research note on Friday, October 7th. Finally, Jefferies Group reissued a “hold” rating and set a $30.00 target price on shares of Sunoco Logistics Partners L.P. in a research report on Sunday, October 16th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. Sunoco Logistics Partners L.P. presently has a consensus rating of “Hold” and a consensus target price of $30.40.

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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