Homrich & Berg boosted its stake in Sunoco Logistics Partners LP (NYSE:ETP) by 114.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,751 shares of the pipeline company’s stock after buying an additional 35,024 shares during the period. Homrich & Berg’s holdings in Sunoco Logistics Partners were worth $1,341,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Sunoco Logistics Partners during the first quarter valued at $713,000. IndexIQ Advisors LLC increased its stake in shares of Sunoco Logistics Partners by 108.0% in the first quarter. IndexIQ Advisors LLC now owns 139,925 shares of the pipeline company’s stock valued at $5,110,000 after buying an additional 72,653 shares during the last quarter. Nwam LLC increased its stake in shares of Sunoco Logistics Partners by 4.6% in the first quarter. Nwam LLC now owns 6,222 shares of the pipeline company’s stock valued at $227,000 after buying an additional 274 shares during the last quarter. ING Groep NV bought a new stake in shares of Sunoco Logistics Partners during the first quarter valued at $45,329,000. Finally, Adell Harriman & Carpenter Inc. increased its stake in shares of Sunoco Logistics Partners by 29.8% in the first quarter. Adell Harriman & Carpenter Inc. now owns 48,804 shares of the pipeline company’s stock valued at $1,782,000 after buying an additional 11,206 shares during the last quarter. 58.45% of the stock is owned by institutional investors and hedge funds.

Shares of Sunoco Logistics Partners LP (NYSE ETP) traded down 0.569% during midday trading on Tuesday, reaching $18.345. The company had a trading volume of 379,063 shares. The stock’s market capitalization is $20.17 billion. The firm’s 50 day moving average price is $19.78 and its 200-day moving average price is $22.33. Sunoco Logistics Partners LP has a 1-year low of $17.85 and a 1-year high of $31.39.

Sunoco Logistics Partners (NYSE:ETP) last posted its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.21. Sunoco Logistics Partners had a net margin of 3.57% and a return on equity of 4.67%. The business had revenue of $6.58 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same quarter in the prior year, the business earned $0.10 earnings per share. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. Equities research analysts expect that Sunoco Logistics Partners LP will post $0.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This is a boost 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 11.92%. Sunoco Logistics Partners’s dividend payout ratio (DPR) is currently 440.00%.

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ETP has been the subject of several recent research reports. Credit Suisse Group downgraded Sunoco Logistics Partners from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $31.00 to $27.00 in a research report on Monday, May 1st. Robert W. Baird upgraded Sunoco Logistics Partners from a “neutral” rating to an “outperform” rating and set a $30.00 price objective for the company in a research report on Tuesday, May 2nd. BMO Capital Markets set a $26.00 price objective on Sunoco Logistics Partners and gave the company a “hold” rating in a research report on Tuesday, May 2nd. Scotiabank set a $28.00 price objective on Sunoco Logistics Partners and gave the company a “buy” rating in a research report on Saturday, May 6th. Finally, Stifel Nicolaus upgraded Sunoco Logistics Partners from a “hold” rating to a “buy” rating and boosted their price objective for the company from $23.00 to $25.00 in a research report on Tuesday, May 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $30.99.

In other Sunoco Logistics Partners news, Director David K. Skidmore purchased 2,000 shares of the business’s stock in a transaction on Monday, June 26th. The shares were bought at an average cost of $19.49 per share, for a total transaction of $38,980.00. Following the completion of the purchase, the director now directly owns 45,245 shares in the company, valued at $881,825.05. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kelcy L. Warren purchased 1,000,000 shares of the business’s stock in a transaction on Thursday, July 6th. The stock was acquired at an average price of $20.33 per share, for a total transaction of $20,330,000.00. Following the completion of the purchase, the chief executive officer now 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. Over the last 90 days, insiders acquired 2,012,000 shares of company stock worth $39,205,380. 3.74% of the stock is owned by insiders.

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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