Sunoco Logistics Partners (NYSE:ETP) was upgraded by stock analysts at Tudor Pickering from a “hold” rating to a “buy” rating in a report issued on Wednesday, The Fly reports.
A number of other research analysts have also issued reports on ETP. Citigroup dropped their target price on Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, August 15th. BidaskClub lowered Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Friday, August 18th. BMO Capital Markets set a $26.00 target price on Sunoco Logistics Partners and gave the company a “hold” rating in a report on Friday, August 18th. Robert W. Baird reissued a “buy” rating and issued a $29.00 target price on shares of Sunoco Logistics Partners in a report on Thursday, August 24th. Finally, ValuEngine lowered Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $26.46.
Sunoco Logistics Partners (NYSE ETP) opened at $16.72 on Wednesday. The company has a market capitalization of $19,192.76, a P/E ratio of 24.79 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.61 and a current ratio of 0.84. Sunoco Logistics Partners has a 12-month low of $15.25 and a 12-month high of $26.73.
A number of institutional investors and hedge funds have recently bought and sold shares of ETP. Bessemer Group Inc. boosted its position in Sunoco Logistics Partners by 387.5% during the second quarter. Bessemer Group Inc. now owns 22,482 shares of the pipeline company’s stock worth $458,000 after purchasing an additional 17,870 shares in the last quarter. Beach Investment Management LLC. purchased a new stake in Sunoco Logistics Partners during the second quarter worth $373,000. HL Financial Services LLC boosted its position in Sunoco Logistics Partners by 32.5% during the second 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. First Trust Advisors LP purchased a new stake in Sunoco Logistics Partners during the second quarter worth $7,545,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Sunoco Logistics Partners by 50.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 30,000 shares of the pipeline company’s stock worth $606,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors own 62.19% of the company’s stock.
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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.
