Sunoco Logistics Partners (ETP) Upgraded at ValuEngine

Sunoco Logistics Partners (NYSE:ETP) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Other equities analysts have also recently issued reports about the stock. Citigroup reduced their price objective on shares of Sunoco Logistics Partners from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, October 10th. Robert W. Baird reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Sunoco Logistics Partners in a research note on Tuesday, September 26th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Sunoco Logistics Partners in a research note on Friday, September 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Sunoco Logistics Partners in a research note on Wednesday, September 6th. Finally, Mizuho set a $26.00 price objective on shares of Sunoco Logistics Partners and gave the company a “buy” rating in a research note on Sunday, October 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $26.46.

Shares of Sunoco Logistics Partners (NYSE ETP) traded down $0.08 during mid-day trading on Friday, reaching $16.53. 9,088,328 shares of the company’s stock were exchanged, compared to its average volume of 8,205,132. Sunoco Logistics Partners has a 1 year low of $15.25 and a 1 year high of $26.73. The company has a market capitalization of $19,100.32, a PE ratio of 24.67 and a beta of 1.00. 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 announced its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. Sunoco Logistics Partners had a net margin of 4.97% and a return on equity of 5.88%. The firm had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $7.31 billion. During the same period last year, the firm earned ($0.49) earnings per share. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. analysts forecast that Sunoco Logistics Partners will post 0.64 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. grew its stake in Sunoco Logistics Partners by 70.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 7,844 shares of the pipeline company’s stock valued at $160,000 after buying an additional 3,245 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Sunoco Logistics Partners by 103.4% in the second quarter. CIBC Asset Management Inc now owns 32,717 shares of the pipeline company’s stock valued at $667,000 after buying an additional 16,630 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Sunoco Logistics Partners by 387.5% in the second quarter. Bessemer Group Inc. now owns 22,482 shares of the pipeline company’s stock valued at $458,000 after buying an additional 17,870 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Sunoco Logistics Partners by 285.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 532,950 shares of the pipeline company’s stock valued at $10,867,000 after buying an additional 394,650 shares in the last quarter. Finally, Barnett & Company Inc. lifted its stake in shares of Sunoco Logistics Partners by 56.3% in the second quarter. Barnett & Company Inc. now owns 52,113 shares of the pipeline company’s stock valued at $1,063,000 after buying an additional 18,774 shares in the last quarter. 62.16% of the stock is currently owned by institutional investors.

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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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Analyst Recommendations for Sunoco Logistics Partners (NYSE:ETP)

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