Traders sold shares of Sunoco Logistics Partners LP (NYSE:ETP) on strength during trading hours on Wednesday after the company announced weaker than expected quarterly earnings. $37.13 million flowed into the stock on the tick-up and $53.18 million flowed out of the stock on the tick-down, for a money net flow of $16.05 million out of the stock. Of all equities tracked, Sunoco Logistics Partners had the 0th highest net out-flow for the day. Sunoco Logistics Partners traded up $0.70 for the day and closed at $20.03The pipeline company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.21. Sunoco Logistics Partners had a return on equity of 4.67% and a net margin of 3.57%. The business had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter in the previous year, the business earned $0.10 earnings per share. The firm’s revenue was up 24.3% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 12.05%. This is an increase from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, August 3rd. Sunoco Logistics Partners’s dividend payout ratio is 440.00%.

Several analysts recently commented on the stock. BMO Capital Markets set a $26.00 price objective on shares of Sunoco Logistics Partners and gave the company a “hold” rating in a research report on Friday. BidaskClub downgraded shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Friday. Citigroup Inc. dropped their price target on shares of Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday. Zacks Investment Research downgraded shares of Sunoco Logistics Partners from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, Scotiabank set a $28.00 price target on shares of Sunoco Logistics Partners and gave the company a “buy” rating in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $31.05.

In other Sunoco Logistics Partners news, CEO Kelcy L. Warren purchased 1,000,000 shares of Sunoco Logistics Partners stock in a transaction that occurred on Thursday, July 6th. The shares were bought at an average price of $20.33 per share, for a total transaction of $20,330,000.00. Following the completion of the transaction, the chief executive officer now owns 1,031,646 shares of the company’s stock, valued at approximately $20,973,363.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David K. Skidmore purchased 2,000 shares of Sunoco Logistics Partners stock in a transaction that occurred on Monday, June 26th. The stock was acquired at an average price of $19.49 per share, for a total transaction of $38,980.00. Following the transaction, the director now directly owns 45,245 shares of the company’s stock, valued at approximately $881,825.05. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 2,012,000 shares of company stock worth $39,205,380. Company insiders own 0.17% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. raised its position in Sunoco Logistics Partners by 57.9% in the second quarter. Alps Advisors Inc. now owns 47,476,301 shares of the pipeline company’s stock valued at $968,042,000 after buying an additional 17,412,412 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in shares of Sunoco Logistics Partners by 154.3% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 43,337,625 shares of the pipeline company’s stock worth $883,654,000 after buying an additional 26,293,140 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its stake in shares of Sunoco Logistics Partners by 97.6% in the second 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. JPMorgan Chase & Co. raised its stake in shares of Sunoco Logistics Partners by 95.5% in the second 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, Atlantic Trust Group LLC raised its stake in shares of Sunoco Logistics Partners by 46.3% in the second quarter. Atlantic Trust Group LLC now owns 17,872,172 shares of the pipeline company’s stock worth $364,413,000 after buying an additional 5,657,463 shares in the last quarter. 66.78% of the stock is owned by institutional investors.

The stock’s 50 day moving average price is $20.06 and its 200 day moving average price is $22.61. The company’s market capitalization is $20.08 billion.

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About Sunoco Logistics Partners

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.

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