Walnut Private Equity Partners LLC Continues to Hold Position in Sunoco Logistics Partners L.P. (SXL)

Walnut Private Equity Partners LLC held its stake in Sunoco Logistics Partners L.P. (NYSE:SXL) during the first quarter, Holdings Channel reports. The firm owned 349,447 shares of the company’s stock at the end of the first quarter. Sunoco Logistics Partners L.P. comprises approximately 6.8% of Walnut Private Equity Partners LLC’s investment portfolio, making the stock its 5th largest position. Walnut Private Equity Partners LLC owned about 0.11% of Sunoco Logistics Partners L.P. worth $8,447,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. CENTRAL TRUST Co boosted its stake in Sunoco Logistics Partners L.P. 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 boosted its stake in Sunoco Logistics Partners L.P. 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. Patriot Financial Group Insurance Agency LLC purchased a new stake in Sunoco Logistics Partners L.P. during the fourth quarter valued at $180,000. Mosaic Family Wealth LLC boosted its stake in Sunoco Logistics Partners L.P. 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, Capital Investment Advisory Services LLC purchased a new stake in Sunoco Logistics Partners L.P. during the fourth quarter valued at $202,000. 64.42% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Sunoco Logistics Partners L.P. (NYSE:SXL) traded down 0.733% during trading on Thursday, reaching $23.695. 1,748,120 shares of the company were exchanged. The company’s 50-day moving average is $24.47 and its 200 day moving average is $25.17. The firm has a market capitalization of $7.86 billion, a PE ratio of 24.203 and a beta of 1.12. Sunoco Logistics Partners L.P. has a 1-year low of $22.07 and a 1-year high of $31.49.

Sunoco Logistics Partners L.P. (NYSE:SXL) last posted its quarterly earnings data on Wednesday, February 22nd. The company reported $0.29 earnings per share 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 company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period in the prior year, the company posted $0.21 EPS. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. Equities research analysts expect that Sunoco Logistics Partners L.P. will post $0.93 EPS for the current fiscal year.

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Several analysts have weighed in on SXL shares. Scotiabank reaffirmed a “buy” rating and set a $28.00 price objective on shares of Sunoco Logistics Partners L.P. in a research report on Monday, April 3rd. Jefferies Group LLC raised Sunoco Logistics Partners L.P. 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 Sunoco Logistics Partners L.P. to a “buy” rating in a research report on Sunday, December 25th. Zacks Investment Research raised Sunoco Logistics Partners L.P. 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. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $32.00 price objective on shares of Sunoco Logistics Partners L.P. in a research report on Friday, March 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $30.13.

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, 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. In addition to logistics services, it also owns acquisition and marketing assets.

5 Day Chart for NYSE:SXL

Want to see what other hedge funds are holding SXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sunoco Logistics Partners L.P. (NYSE:SXL).

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