Envestnet Asset Management Inc. Has $518,000 Stake in Sunoco Logistics Partners L.P. (SXL)

Envestnet Asset Management Inc. lowered its stake in Sunoco Logistics Partners L.P. (NYSE:SXL) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,570 shares of the company’s stock after selling 1,529 shares during the period. Envestnet Asset Management Inc.’s holdings in Sunoco Logistics Partners L.P. were worth $518,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Alps Advisors Inc. raised its stake in Sunoco Logistics Partners L.P. by 7.8% in the third quarter. Alps Advisors Inc. now owns 14,614,898 shares of the company’s stock valued at $415,209,000 after buying an additional 1,063,328 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its stake in Sunoco Logistics Partners L.P. by 5.4% in the third quarter. Kayne Anderson Capital Advisors LP now owns 10,723,325 shares of the company’s stock valued at $304,635,000 after buying an additional 553,750 shares in the last quarter. Morgan Stanley raised its stake in Sunoco Logistics Partners L.P. by 88.2% in the third quarter. Morgan Stanley now owns 6,556,653 shares of the company’s stock valued at $186,274,000 after buying an additional 3,072,500 shares in the last quarter. Center Coast Capital Advisors LP raised its stake in Sunoco Logistics Partners L.P. by 10.0% in the third quarter. Center Coast Capital Advisors LP now owns 5,987,499 shares of the company’s stock valued at $170,105,000 after buying an additional 544,474 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Sunoco Logistics Partners L.P. by 2.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,603,571 shares of the company’s stock valued at $62,538,000 after buying an additional 59,245 shares in the last quarter. Institutional investors and hedge funds own 64.42% of the company’s stock.

Institutional Ownership by Quarter for Sunoco Logistics Partners L.P. (NYSE:SXL)

Shares of Sunoco Logistics Partners L.P. (NYSE:SXL) opened at 23.84 on Monday. Sunoco Logistics Partners L.P. has a 12-month low of $22.07 and a 12-month high of $31.49. The firm has a 50-day moving average of $25.51 and a 200-day moving average of $25.84. The firm has a market capitalization of $7.91 billion, a PE ratio of 24.35 and a beta of 1.12.

Sunoco Logistics Partners L.P. (NYSE:SXL) last released its quarterly earnings results on Wednesday, February 22nd. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.07. Sunoco Logistics Partners L.P. had a net margin of 6.16% and a return on equity of 6.58%. The business earned $2.92 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the previous year, the company earned $0.21 EPS. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. Equities analysts anticipate that Sunoco Logistics Partners L.P. will post $0.93 earnings per share for the current year.

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Several analysts recently issued reports on SXL shares. BMO Capital Markets lowered shares of Sunoco Logistics Partners L.P. from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $35.00 to $26.00 in a research report on Wednesday, November 23rd. Mizuho upgraded shares of Sunoco Logistics Partners L.P. from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Monday, February 27th. Royal Bank of Canada upgraded shares of Sunoco Logistics Partners L.P. from a “sector perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Friday, December 2nd. Stifel Nicolaus restated a “hold” rating and issued a $24.00 target price (down previously from $29.00) on shares of Sunoco Logistics Partners L.P. in a research report on Monday, November 28th. Finally, Credit Suisse Group AG upgraded shares of Sunoco Logistics Partners L.P. to a “buy” rating in a research report on Sunday, December 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $30.12.

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.

5 Day Chart for NYSE:SXL

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