Hollow Brook Wealth Management LLC Sells 12,212 Shares of Sunoco Logistics Partners LP (ETP)

Hollow Brook Wealth Management LLC decreased its position in Sunoco Logistics Partners LP (NYSE:ETP) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 229,256 shares of the pipeline company’s stock after selling 12,212 shares during the period. Sunoco Logistics Partners comprises approximately 3.1% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 12th largest holding. Hollow Brook Wealth Management LLC’s holdings in Sunoco Logistics Partners were worth $4,193,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ETP. Tortoise Capital Advisors L.L.C. raised its holdings in Sunoco Logistics Partners by 154.3% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 43,337,625 shares of the pipeline company’s stock valued at $883,654,000 after acquiring an additional 26,293,140 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its holdings in shares of Sunoco Logistics Partners by 97.6% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 41,329,104 shares of the pipeline company’s stock worth $842,685,000 after buying an additional 20,414,761 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of Sunoco Logistics Partners by 57.9% in the 2nd quarter. Alps Advisors Inc. now owns 47,476,301 shares of the pipeline company’s stock worth $968,042,000 after buying an additional 17,412,412 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Sunoco Logistics Partners by 95.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock worth $479,265,000 after buying an additional 11,483,706 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Sunoco Logistics Partners by 106.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,859,350 shares of the pipeline company’s stock worth $241,812,000 after buying an additional 6,127,839 shares in the last quarter. 62.19% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on ETP. Citigroup dropped their target price on Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, August 15th. Zacks Investment Research cut Sunoco Logistics Partners from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. ValuEngine cut Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Robert W. Baird reissued a “buy” rating and issued a $29.00 target price on shares of Sunoco Logistics Partners in a report on Tuesday, September 26th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $28.00 target price on shares of Sunoco Logistics Partners in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.46.

Shares of Sunoco Logistics Partners LP (NYSE ETP) opened at $16.85 on Tuesday. The company has a market capitalization of $19,100.32, a P/E ratio of 24.67 and a beta of 1.00. Sunoco Logistics Partners LP has a 12-month low of $15.25 and a 12-month high of $26.73. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 1.09.

Sunoco Logistics Partners (NYSE:ETP) last released its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.11. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $7.31 billion. Sunoco Logistics Partners had a return on equity of 5.88% and a net margin of 4.97%. Sunoco Logistics Partners’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.49) EPS. analysts anticipate that Sunoco Logistics Partners LP will post 0.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were given a dividend of $0.565 per share. The ex-dividend date of this dividend was Monday, November 6th. This is a positive change from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. This represents a $2.26 dividend on an annualized basis and a yield of 13.41%. Sunoco Logistics Partners’s dividend payout ratio is 337.31%.

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Sunoco Logistics Partners Company Profile

Energy Transfer Partners, L.P., formerly 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.

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

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