BNP Paribas Arbitrage SA trimmed its stake in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 33.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,872 shares of the pipeline company’s stock after selling 53,232 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Sunoco Logistics Partners were worth $1,973,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Whitnell & Co. grew its stake in Sunoco Logistics Partners by 2.6% during the 2nd quarter. Whitnell & Co. now owns 9,000 shares of the pipeline company’s stock worth $184,000 after purchasing an additional 231 shares in the last quarter. Duncker Streett & Co. Inc. grew its stake in Sunoco Logistics Partners by 17.9% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock worth $106,000 after purchasing an additional 785 shares in the last quarter. Colonial Trust Advisors grew its stake in Sunoco Logistics Partners by 11.2% during the 2nd quarter. Colonial Trust Advisors now owns 10,763 shares of the pipeline company’s stock worth $219,000 after purchasing an additional 1,088 shares in the last quarter. HL Financial Services LLC grew its stake in Sunoco Logistics Partners by 32.5% during the 2nd quarter. HL Financial Services LLC now owns 9,866 shares of the pipeline company’s stock worth $201,000 after purchasing an additional 2,419 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in Sunoco Logistics Partners by 50.0% during the 2nd quarter. Toronto Dominion Bank now owns 8,250 shares of the pipeline company’s stock worth $168,000 after purchasing an additional 2,750 shares in the last quarter. 56.63% of the stock is owned by hedge funds and other institutional investors.

Sunoco Logistics Partners LP (NYSE:ETP) traded up $0.06 during trading hours on Friday, hitting $16.37. The stock had a trading volume of 825,385 shares, compared to its average volume of 5,288,881. The firm has a market cap of $18,846.11, a PE ratio of 24.34 and a beta of 1.01. Sunoco Logistics Partners LP has a twelve month low of $15.97 and a twelve month high of $26.73. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 1.09.

Sunoco Logistics Partners (NYSE:ETP) last released its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.11. The business had revenue of $6.97 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the firm posted ($0.49) EPS. research analysts forecast that Sunoco Logistics Partners LP will post 0.64 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were given a dividend of $0.565 per share. This is a boost from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. This represents a $2.26 annualized dividend and a dividend yield of 13.81%. The ex-dividend date was Monday, November 6th. Sunoco Logistics Partners’s dividend payout ratio is currently 337.31%.

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Several research analysts recently commented on the company. Robert W. Baird set a $28.00 target price on Sunoco Logistics Partners and gave the stock a “buy” rating in a research note on Saturday, November 18th. Morgan Stanley lowered their target price on Sunoco Logistics Partners from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, November 17th. Zacks Investment Research raised Sunoco Logistics Partners from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Tuesday, November 14th. Stifel Nicolaus reissued a “buy” rating and set a $21.00 target price (down from $24.00) on shares of Sunoco Logistics Partners in a research note on Thursday, November 9th. Finally, BMO Capital Markets reissued a “hold” rating and set a $23.00 target price on shares of Sunoco Logistics Partners in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.46.

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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