Sunoco Logistics Partners LP (SXL) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Sunoco Logistics Partners LP (NYSE:SXL) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,603,571 shares of the company’s stock after buying an additional 59,245 shares during the period. Sunoco Logistics Partners accounts for approximately 1.2% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s investment portfolio, making the stock its 12th largest position. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.79% of Sunoco Logistics Partners worth $62,538,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. increased its position in shares of Sunoco Logistics Partners by 27.8% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 4,600 shares of the company’s stock valued at $132,000 after buying an additional 1,000 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of Sunoco Logistics Partners by 1.0% in the third quarter. CENTRAL TRUST Co now owns 5,067 shares of the company’s stock valued at $144,000 after buying an additional 51 shares during the last quarter. Bollard Group LLC increased its position in shares of Sunoco Logistics Partners by 1.7% in the third quarter. Bollard Group LLC now owns 5,532 shares of the company’s stock valued at $157,000 after buying an additional 91 shares during the last quarter. Mosaic Family Wealth LLC increased its position in shares of Sunoco Logistics Partners by 14.0% in the third quarter. Mosaic Family Wealth LLC now owns 7,000 shares of the company’s stock valued at $199,000 after buying an additional 859 shares during the last quarter. Finally, Wagner Bowman Management Corp acquired a new position in shares of Sunoco Logistics Partners during the third quarter valued at about $203,000. Hedge funds and other institutional investors own 65.62% of the company’s stock.

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

Shares of Sunoco Logistics Partners LP (NYSE:SXL) traded down 1.16% during trading on Friday, reaching $25.63. 3,396,341 shares of the company’s stock were exchanged. The firm has a market capitalization of $8.50 billion, a PE ratio of 51.47 and a beta of 1.12. The company’s 50-day moving average price is $24.99 and its 200 day moving average price is $26.65. Sunoco Logistics Partners LP has a 52 week low of $19.05 and a 52 week high of $31.49.

Sunoco Logistics Partners (NYSE:SXL) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.04. Sunoco Logistics Partners had a return on equity of 6.58% and a net margin of 6.16%. The firm earned $2.19 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the business earned $0.33 EPS. The firm’s revenue was down 9.1% on a year-over-year basis. Analysts predict that Sunoco Logistics Partners LP will post $0.93 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Tuesday, February 7th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 8.12%. The ex-dividend date of this dividend is Friday, February 3rd. This is a boost from Sunoco Logistics Partners’s previous quarterly dividend of $0.51. Sunoco Logistics Partners’s dividend payout ratio (DPR) is 442.55%.

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Several brokerages have issued reports on SXL. Zacks Investment Research raised shares of Sunoco Logistics Partners from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Monday, January 30th. BMO Capital Markets downgraded shares of Sunoco Logistics Partners from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $35.00 to $26.00 in a research report on Tuesday, January 24th. Jefferies Group LLC raised shares of Sunoco Logistics Partners from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Thursday, January 12th. Credit Suisse Group AG raised shares of Sunoco Logistics Partners to a “buy” rating in a research report on Sunday, December 25th. Finally, Mizuho reissued a “neutral” rating on shares of Sunoco Logistics Partners in a research report on Monday, December 26th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $30.37.

Sunoco Logistics Partners 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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