Sunoco Logistics Partners (NYSE:ETP) was downgraded by stock analysts at US Capital Advisors to a “hold” rating in a note issued to investors on Thursday, The Fly reports.

A number of other analysts have also recently commented on ETP. Robert W. Baird reissued a “buy” rating and issued a $29.00 price target on shares of Sunoco Logistics Partners in a research report on Tuesday, September 26th. Royal Bank of Canada reissued a “buy” rating and issued a $28.00 price target on shares of Sunoco Logistics Partners in a research report on Wednesday, September 6th. BMO Capital Markets set a $26.00 price target on Sunoco Logistics Partners and gave the stock a “hold” rating in a research report on Thursday, October 12th. Stifel Nicolaus reissued a “buy” rating and issued a $24.00 price target on shares of Sunoco Logistics Partners in a research report on Friday, September 22nd. Finally, Mizuho set a $26.00 price target on Sunoco Logistics Partners and gave the stock a “buy” rating in a research report on Sunday, October 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Sunoco Logistics Partners presently has a consensus rating of “Buy” and an average price target of $26.46.

Sunoco Logistics Partners (NYSE:ETP) traded up $0.02 during mid-day trading on Thursday, hitting $18.90. The company’s stock had a trading volume of 2,782,763 shares, compared to its average volume of 11,768,600. Sunoco Logistics Partners has a 1 year low of $15.25 and a 1 year high of $26.73. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.84 and a quick ratio of 0.61. The stock has a market cap of $21,760.00, a P/E ratio of 31.50 and a beta of 1.00.

Sunoco Logistics Partners (NYSE:ETP) last posted its earnings results on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter in the prior year, the business earned ($0.49) EPS. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. research analysts forecast that Sunoco Logistics Partners will post 0.64 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in ETP. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Sunoco Logistics Partners by 154.3% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 43,337,625 shares of the pipeline company’s stock valued at $883,654,000 after buying an additional 26,293,140 shares during the period. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Sunoco Logistics Partners by 97.6% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 41,329,104 shares of the pipeline company’s stock valued at $842,685,000 after buying an additional 20,414,761 shares during the period. Alps Advisors Inc. lifted its holdings in shares of Sunoco Logistics Partners by 57.9% during the 2nd quarter. Alps Advisors Inc. now owns 47,476,301 shares of the pipeline company’s stock valued at $968,042,000 after buying an additional 17,412,412 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Sunoco Logistics Partners by 95.5% in 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 in the last quarter. Finally, Center Coast Capital Advisors LP increased its stake in shares of Sunoco Logistics Partners by 251.1% in the 2nd quarter. Center Coast Capital Advisors LP now owns 14,375,138 shares of the pipeline company’s stock worth $293,109,000 after purchasing an additional 10,280,243 shares in the last quarter. 62.16% of the stock is currently owned by institutional investors and hedge funds.

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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.

The Fly

Analyst Recommendations for Sunoco Logistics Partners (NYSE:ETP)

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