BMO Capital Markets set a $26.00 price objective on Sunoco Logistics Partners LP (NYSE:ETP) in a research note published on Friday morning. The firm currently has a hold rating on the pipeline company’s stock.

ETP has been the subject of a number of other reports. Royal Bank Of Canada reissued a buy rating on shares of Sunoco Logistics Partners in a research note on Friday, April 21st. Robert W. Baird raised shares of Sunoco Logistics Partners from a neutral rating to an outperform rating and set a $30.00 target price for the company in a research note on Tuesday, May 2nd. Zacks Investment Research lowered shares of Sunoco Logistics Partners from a hold rating to a sell rating in a research note on Wednesday, July 5th. Sanford C. Bernstein raised shares of Sunoco Logistics Partners from a market perform rating to an outperform rating in a research note on Wednesday, May 10th. Finally, BidaskClub raised shares of Sunoco Logistics Partners from a strong sell rating to a sell rating in a research note on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $31.05.

Sunoco Logistics Partners (ETP) opened at 18.26 on Friday. The firm has a 50-day moving average of $20.06 and a 200 day moving average of $22.61. Sunoco Logistics Partners has a one year low of $18.18 and a one year high of $31.47. The company’s market capitalization is $20.08 billion.

Sunoco Logistics Partners (NYSE:ETP) last issued its earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.21. The company had revenue of $6.58 billion for the quarter, compared to analysts’ expectations of $7.24 billion. Sunoco Logistics Partners had a net margin of 3.57% and a return on equity of 4.67%. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share. Equities research analysts predict that Sunoco Logistics Partners will post $0.39 earnings per share for the current fiscal year.

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

In other news, CEO Kelcy L. Warren bought 1,000,000 shares of Sunoco Logistics Partners stock in a transaction on Thursday, July 6th. The stock was acquired at an average cost of $20.33 per share, for a total transaction of $20,330,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,031,646 shares of the company’s stock, valued at approximately $20,973,363.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David K. Skidmore bought 10,000 shares of Sunoco Logistics Partners stock in a transaction on Thursday, June 22nd. The stock was purchased at an average price of $18.64 per share, with a total value of $186,400.00. Following the completion of the acquisition, the director now directly owns 45,245 shares of the company’s stock, valued at approximately $843,366.80. The disclosure for this purchase can be found here. Insiders acquired 2,012,000 shares of company stock valued at $39,205,380 over the last quarter. 0.17% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the company. Concert Wealth Management Inc. increased its position in shares of Sunoco Logistics Partners by 0.4% in the first quarter. Concert Wealth Management Inc. now owns 11,752 shares of the pipeline company’s stock worth $420,000 after buying an additional 50 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Sunoco Logistics Partners by 0.4% in the first quarter. Stratos Wealth Partners LTD. now owns 24,930 shares of the pipeline company’s stock worth $910,000 after buying an additional 91 shares in the last quarter. Fairfield Bush & CO. increased its position in shares of Sunoco Logistics Partners by 0.3% in the first quarter. Fairfield Bush & CO. now owns 50,188 shares of the pipeline company’s stock worth $1,833,000 after buying an additional 158 shares in the last quarter. Arcus Capital Partners LLC increased its position in shares of Sunoco Logistics Partners by 2.7% in the first quarter. Arcus Capital Partners LLC now owns 6,274 shares of the pipeline company’s stock worth $229,000 after buying an additional 163 shares in the last quarter. Finally, WealthTrust Axiom LLC increased its position in shares of Sunoco Logistics Partners by 0.7% in the first quarter. WealthTrust Axiom LLC now owns 22,960 shares of the pipeline company’s stock worth $838,000 after buying an additional 168 shares in the last quarter. Institutional investors and hedge funds own 66.78% of the company’s stock.

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.

Analyst Recommendations for Sunoco Logistics Partners (NYSE:ETP)

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