Sunoco Logistics Partners LP (SXL) Position Decreased by Fiduciary Financial Services of The Southwest Inc. TX

Fiduciary Financial Services of The Southwest Inc. TX decreased its stake in shares of Sunoco Logistics Partners LP (NYSE:SXL) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,537 shares of the company’s stock after selling 2,200 shares during the period. Sunoco Logistics Partners makes up approximately 2.2% of Fiduciary Financial Services of The Southwest Inc. TX’s holdings, making the stock its 8th largest position. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Sunoco Logistics Partners were worth $6,570,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ironwood Investment Counsel LLC raised its position in shares of Sunoco Logistics Partners by 2.2% in the second quarter. Ironwood Investment Counsel LLC now owns 34,903 shares of the company’s stock worth $1,003,000 after buying an additional 740 shares in the last quarter. Freestone Capital Holdings LLC raised its position in shares of Sunoco Logistics Partners by 75.1% in the second quarter. Freestone Capital Holdings LLC now owns 239,564 shares of the company’s stock worth $6,888,000 after buying an additional 102,754 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Sunoco Logistics Partners by 10.4% in the second quarter. Neuberger Berman Group LLC now owns 1,824,283 shares of the company’s stock worth $52,448,000 after buying an additional 172,338 shares in the last quarter. Airain ltd bought a new stake in Sunoco Logistics Partners during the second quarter valued at approximately $1,165,000. Finally, Kayne Anderson Capital Advisors LP raised its stake in Sunoco Logistics Partners by 1.8% in the second quarter. Kayne Anderson Capital Advisors LP now owns 10,169,575 shares of the company’s stock valued at $292,362,000 after buying an additional 180,700 shares during the period. 64.42% of the stock is currently owned by institutional investors.

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

Shares of Sunoco Logistics Partners LP (NYSE:SXL) traded up 2.90% during trading on Tuesday, reaching $26.61. The company had a trading volume of 6,714,067 shares. Sunoco Logistics Partners LP has a 12 month low of $19.05 and a 12 month high of $31.49. The firm’s 50 day moving average price is $25.03 and its 200 day moving average price is $26.60. The firm has a market capitalization of $8.82 billion, a P/E ratio of 53.43 and a beta of 1.12.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 14th. Stockholders of record on Tuesday, February 7th will be given a dividend of $0.52 per share. This is a boost from Sunoco Logistics Partners’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, February 3rd. This represents a $2.08 annualized dividend and a dividend yield of 7.82%. Sunoco Logistics Partners’s dividend payout ratio (DPR) is presently 442.55%.

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Several analysts recently commented on the company. Zacks Investment Research lowered Sunoco Logistics Partners from a “buy” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets lowered Sunoco Logistics Partners from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $35.00 to $26.00 in a report on Tuesday, January 24th. Jefferies Group LLC raised Sunoco Logistics Partners from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 12th. Credit Suisse Group raised Sunoco Logistics Partners to a “buy” rating in a report on Sunday, December 25th. Finally, Mizuho reaffirmed a “neutral” rating on shares of Sunoco Logistics Partners in a report on Monday, December 26th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $30.37.

About Sunoco Logistics Partners

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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