Cullen Frost Bankers Inc. acquired a new position in Sunoco Logistics Partners LP (NYSE:ETP) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 143,031 shares of the pipeline company’s stock, valued at approximately $2,616,000.

Several other institutional investors have also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Sunoco Logistics Partners by 106.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,859,350 shares of the pipeline company’s stock worth $241,812,000 after purchasing an additional 6,127,839 shares during the last quarter. BlackRock Inc. grew its position in Sunoco Logistics Partners by 111.0% during the 2nd quarter. BlackRock Inc. now owns 4,489,481 shares of the pipeline company’s stock worth $91,540,000 after purchasing an additional 2,361,689 shares during the last quarter. JPMorgan Chase & Co. grew its position in Sunoco Logistics Partners by 95.5% during 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 last quarter. Freestone Capital Holdings LLC grew its position in Sunoco Logistics Partners by 342.3% during the 2nd quarter. Freestone Capital Holdings LLC now owns 390,075 shares of the pipeline company’s stock worth $7,954,000 after purchasing an additional 301,883 shares during the last quarter. Finally, Good Life Advisors LLC grew its position in Sunoco Logistics Partners by 82.6% during the 2nd quarter. Good Life Advisors LLC now owns 35,159 shares of the pipeline company’s stock worth $701,000 after purchasing an additional 15,904 shares during the last quarter. 58.37% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Kelcy L. Warren acquired 1,000,000 shares of Sunoco Logistics Partners stock in a transaction on Tuesday, August 15th. The stock was bought at an average cost of $18.65 per share, for a total transaction of $18,650,000.00. Following the completion of the transaction, the chief executive officer now owns 2,031,646 shares of the company’s stock, valued at approximately $37,890,197.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Sunoco Logistics Partners LP (NYSE:ETP) opened at $16.66 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 1.09. The firm has a market cap of $19,380.00, a price-to-earnings ratio of 25.88 and a beta of 1.01. Sunoco Logistics Partners LP has a 12-month low of $16.06 and a 12-month high of $27.99.

Sunoco Logistics Partners (NYSE:ETP) last posted 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 company had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $7.31 billion. Sunoco Logistics Partners had a net margin of 4.97% and a return on equity of 7.23%. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.49) earnings per share. equities analysts predict that Sunoco Logistics Partners LP will post 0.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.565 per share. The ex-dividend date of this dividend is Monday, November 6th. This is a boost 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 13.57%. Sunoco Logistics Partners’s dividend payout ratio is currently 376.67%.

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ETP has been the subject of several research reports. Royal Bank Of Canada restated a “buy” rating and set a $28.00 price objective on shares of Sunoco Logistics Partners in a research note on Wednesday, September 6th. Robert W. Baird restated a “buy” rating and set a $29.00 price objective on shares of Sunoco Logistics Partners in a research note on Thursday, August 24th. Jefferies Group LLC restated a “buy” rating and set a $26.00 price objective on shares of Sunoco Logistics Partners in a research note on Friday, July 14th. Stifel Nicolaus decreased their price objective on shares of Sunoco Logistics Partners from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 13th. Finally, Scotiabank set a $28.00 price objective on shares of Sunoco Logistics Partners and gave the company a “buy” rating in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Sunoco Logistics Partners presently has an average rating of “Buy” and an average price target of $27.37.

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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