Todays Report: Today, Sunoco Logistics Partners L.P. (SXL) Stake Held by Adams Asset Advisors LLC

Today, Sunoco Logistics Partners L.P. (SXL) Stake Held by Adams Asset Advisors LLC

Adams Asset Advisors LLC maintained its position in shares of Sunoco Logistics Partners L.P. (NYSE:SXL) during the third quarter, according to its most recent filing with the SEC. The firm owned 110,736 shares of the company’s stock at the end of the third quarter. Adams Asset Advisors LLC’s holdings in Sunoco Logistics Partners L.P. were worth $3,146,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. ING Groep NV increased its position in shares of Sunoco Logistics Partners L.P. by 137.0% in the second quarter. ING Groep NV now owns 6,775,032 shares of the company’s stock valued at $194,850,000 after buying an additional 3,916,189 shares in the last quarter. Atlantic Trust Group LLC increased its stake in Sunoco Logistics Partners L.P. by 5,980.3% in the second quarter. Atlantic Trust Group LLC now owns 2,175,055 shares of the company’s stock valued at $62,532,000 after buying an additional 2,139,283 shares during the period. Bank of Montreal Can purchased a new stake in Sunoco Logistics Partners L.P. during the second quarter valued at about $50,227,000. Harvest Fund Advisors LLC increased its stake in Sunoco Logistics Partners L.P. by 64.4% in the second quarter. Harvest Fund Advisors LLC now owns 3,402,297 shares of the company’s stock valued at $97,816,000 after buying an additional 1,332,662 shares during the period. Finally, Eagle Global Advisors LLC increased its stake in Sunoco Logistics Partners L.P. by 1,981.4% in the second quarter. Eagle Global Advisors LLC now owns 1,030,511 shares of the company’s stock valued at $29,627,000 after buying an additional 981,000 shares during the period.

Shares of Sunoco Logistics Partners L.P. (NYSE:SXL) traded down 3.91% during trading on Monday, reaching $22.85. The company’s stock had a trading volume of 4,334,832 shares. The stock has a market cap of $7.57 billion, a P/E ratio of 45.88 and a beta of 0.86. The stock’s 50-day moving average is $26.10 and its 200-day moving average is $28.03. Sunoco Logistics Partners L.P. has a 12-month low of $15.43 and a 12-month high of $31.49.

Sunoco Logistics Partners L.P. (NYSE:SXL) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.04. The firm earned $2.19 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the firm earned $0.33 earnings per share. Sunoco Logistics Partners L.P.’s revenue for the quarter was down 9.1% on a year-over-year basis. Equities research analysts anticipate that Sunoco Logistics Partners L.P. will post $0.94 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Wednesday, November 9th were issued a $0.51 dividend. This is a positive change from Sunoco Logistics Partners L.P.’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.58%. The ex-dividend date of this dividend was Monday, November 7th.

SXL has been the subject of several recent research reports. BMO Capital Markets downgraded Sunoco Logistics Partners L.P. from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $35.00 to $26.00 in a research note on Wednesday, November 23rd. Morgan Stanley initiated coverage on Sunoco Logistics Partners L.P. in a research note on Monday, August 15th. They issued an “equal weight” rating and a $33.00 price target for the company. TheStreet downgraded Sunoco Logistics Partners L.P. from a “buy” rating to a “hold” rating in a research note on Friday, October 7th. Mitsubishi UFJ Financial Group downgraded Sunoco Logistics Partners L.P. from an “overweight” rating to a “neutral” rating and set a $34.00 price target for the company. in a research note on Thursday, August 4th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $24.00 price target (down from $29.00) on shares of Sunoco Logistics Partners L.P. in a research note on Monday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Sunoco Logistics Partners L.P. currently has an average rating of “Hold” and a consensus price target of $30.40.

Sunoco Logistics Partners L.P. Company Profile

Sunoco Logistics Partners L.P. owns and operates a logistics business. The Company is engaged in the transport, terminalling 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. In addition to logistics services, it also owns acquisition and marketing assets, which are used to facilitate the purchase and sale of crude oil, refined products and NGLs.

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