16,087 Shares in Sunoco Logistics Partners LP (ETP) Purchased by Spectrum Management Group Inc.
Spectrum Management Group Inc. acquired a new stake in shares of Sunoco Logistics Partners LP (NYSE:ETP) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 16,087 shares of the pipeline company’s stock, valued at approximately $294,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Archford Capital Strategies LLC boosted its holdings in Sunoco Logistics Partners by 636.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 5,115 shares of the pipeline company’s stock valued at $397,000 after acquiring an additional 4,420 shares during the period. Duncker Streett & Co. Inc. lifted its holdings in shares of Sunoco Logistics Partners by 17.9% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock worth $106,000 after buying an additional 785 shares during the period. Ffcm LLC lifted 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 worth $115,000 after buying an additional 4,491 shares during the period. Fiduciary Trust Co. purchased a new stake in shares of Sunoco Logistics Partners in the 2nd quarter worth $119,000. Finally, Oakworth Capital Inc. lifted its holdings in shares of Sunoco Logistics Partners by 121.2% in the 2nd quarter. Oakworth Capital Inc. now owns 5,876 shares of the pipeline company’s stock worth $120,000 after buying an additional 3,219 shares during the period. Institutional investors own 59.30% of the company’s stock.
Shares of Sunoco Logistics Partners LP (NYSE ETP) traded up $0.12 during trading hours on Friday, reaching $16.75. The company had a trading volume of 6,360,502 shares, compared to its average volume of 5,270,859. Sunoco Logistics Partners LP has a 12 month low of $15.97 and a 12 month high of $26.99. The firm has a market cap of $19,220.00, a price-to-earnings ratio of 24.51 and a beta of 1.01. 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 (NYSE:ETP) last announced its earnings results on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.11. Sunoco Logistics Partners had a return on equity of 5.88% and a net margin of 4.97%. The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $7.31 billion. During the same period in the prior year, the company posted ($0.49) EPS. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. equities analysts predict that Sunoco Logistics Partners LP will post 0.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were given a dividend of $0.565 per share. This is a positive change from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. This represents a $2.26 annualized dividend and a yield of 13.49%. The ex-dividend date was Monday, November 6th. Sunoco Logistics Partners’s dividend payout ratio is currently 376.67%.
ETP has been the subject of several research reports. Scotiabank set a $28.00 target price on Sunoco Logistics Partners and gave the stock a “buy” rating in a report on Friday, July 21st. Zacks Investment Research cut Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub upgraded Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Citigroup Inc. lowered their target price on Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, August 15th. Finally, BMO Capital Markets set a $26.00 target price on Sunoco Logistics Partners and gave the stock a “hold” rating in a report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Sunoco Logistics Partners currently has a consensus rating of “Buy” and an average target price of $26.52.
Sunoco Logistics Partners Company Profile
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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