RiverPoint Capital Management LLC raised its stake in Sunoco Logistics Partners LP (NYSE:ETP) by 63.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,869 shares of the pipeline company’s stock after buying an additional 55,189 shares during the period. RiverPoint Capital Management LLC’s holdings in Sunoco Logistics Partners were worth $2,893,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Hodges Capital Management Inc. boosted its stake in Sunoco Logistics Partners by 3.5% in the first quarter. Hodges Capital Management Inc. now owns 20,957 shares of the pipeline company’s stock valued at $765,000 after buying an additional 718 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in Sunoco Logistics Partners by 211.0% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 44,895 shares of the pipeline company’s stock valued at $915,000 after buying an additional 30,458 shares in the last quarter. Center Coast Capital Advisors LP boosted its stake in Sunoco Logistics Partners by 251.1% in the second quarter. Center Coast Capital Advisors LP now owns 14,375,138 shares of the pipeline company’s stock valued at $293,109,000 after buying an additional 10,280,243 shares in the last quarter. Waldron LP acquired a new stake in Sunoco Logistics Partners during the first quarter valued at about $409,000. Finally, Bollard Group LLC boosted its stake in Sunoco Logistics Partners by 63.7% in the second quarter. Bollard Group LLC now owns 206,649 shares of the pipeline company’s stock valued at $4,214,000 after buying an additional 80,448 shares in the last quarter. Hedge funds and other institutional investors own 66.78% of the company’s stock.

Shares of Sunoco Logistics Partners LP (NYSE ETP) opened at 17.96 on Tuesday. The company’s market capitalization is $19.75 billion. The stock has a 50 day moving average price of $19.99 and a 200 day moving average price of $22.51. Sunoco Logistics Partners LP has a 1-year low of $17.85 and a 1-year high of $31.47.

Sunoco Logistics Partners (NYSE:ETP) last posted its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by $0.21. The company had revenue of $6.58 billion during 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%. Sunoco Logistics Partners’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter last year, the company earned $0.10 earnings per share. On average, equities analysts anticipate that Sunoco Logistics Partners LP will post $0.41 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This is a positive change from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 12.25%. Sunoco Logistics Partners’s dividend payout ratio is 440.00%.

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ETP has been the subject of several research analyst reports. Robert W. Baird upgraded Sunoco Logistics Partners from a “neutral” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Tuesday, May 2nd. Zacks Investment Research cut Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Sanford C. Bernstein upgraded Sunoco Logistics Partners from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 10th. BMO Capital Markets set a $26.00 target price on Sunoco Logistics Partners and gave the stock a “hold” rating in a research report on Monday, June 5th. Finally, Deutsche Bank AG cut their target price on Sunoco Logistics Partners from $47.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Sunoco Logistics Partners currently has a consensus rating of “Buy” and an average target price of $31.05.

In related news, Director David K. Skidmore purchased 2,000 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was acquired at an average cost of $19.49 per share, for a total transaction of $38,980.00. Following the completion of the transaction, the director now directly owns 45,245 shares of the company’s stock, valued at $881,825.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kelcy L. Warren purchased 1,000,000 shares of the company’s stock in a transaction dated Thursday, July 6th. The stock was bought at an average price of $20.33 per share, with a total value of $20,330,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,031,646 shares of the company’s stock, valued at $20,973,363.18. The disclosure for this purchase can be found here. Insiders bought 2,012,000 shares of company stock valued at $39,205,380 over the last 90 days. Company insiders own 3.74% 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.

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

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