Neuberger Berman Group LLC increased its stake in Sunoco Logistics Partners LP (NYSE:ETP) by 59.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,568,921 shares of the pipeline company’s stock after buying an additional 2,821,082 shares during the period. Neuberger Berman Group LLC owned approximately 0.70% of Sunoco Logistics Partners worth $154,330,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Wealth Management LLC bought a new position in shares of Sunoco Logistics Partners during the second quarter valued at $106,000. Duncker Streett & Co. Inc. raised its position in shares of Sunoco Logistics Partners by 17.9% in the second quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock valued at $106,000 after buying an additional 785 shares during the last quarter. Oakworth Capital Inc. raised its position in shares of Sunoco Logistics Partners by 121.2% in the second quarter. Oakworth Capital Inc. now owns 5,876 shares of the pipeline company’s stock valued at $120,000 after buying an additional 3,219 shares during the last quarter. Hirtle Callaghan & Co LLC raised its position in shares of Sunoco Logistics Partners by 187.7% in the second quarter. Hirtle Callaghan & Co LLC now owns 6,367 shares of the pipeline company’s stock valued at $130,000 after buying an additional 4,154 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in shares of Sunoco Logistics Partners by 592.6% in the second quarter. Capital Advisors Ltd. LLC now owns 6,787 shares of the pipeline company’s stock valued at $138,000 after buying an additional 5,807 shares during the last quarter. Institutional investors and hedge funds own 58.45% of the company’s stock.

Shares of Sunoco Logistics Partners LP (NYSE:ETP) opened at 18.45 on Tuesday. Sunoco Logistics Partners LP has a 1-year low of $17.85 and a 1-year high of $31.39. The stock’s market cap is $20.29 billion. The stock’s 50 day moving average is $19.78 and its 200-day moving average is $22.33.

Sunoco Logistics Partners (NYSE:ETP) last issued its earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) 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 for the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The business’s revenue was up 24.3% compared to the same quarter last year. On average, analysts anticipate that Sunoco Logistics Partners LP will post $0.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were paid a dividend of $0.55 per share. This is an increase from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 11.92%. The ex-dividend date of this dividend was Thursday, August 3rd. Sunoco Logistics Partners’s payout ratio is currently 440.00%.

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Several research analysts have recently weighed in on ETP shares. Deutsche Bank AG cut their price objective on shares of Sunoco Logistics Partners from $47.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, June 21st. Stifel Nicolaus upgraded shares of Sunoco Logistics Partners from a “hold” rating to a “buy” rating and increased their price objective for the stock from $23.00 to $25.00 in a report on Tuesday, May 9th. Scotiabank set a $28.00 price objective on shares of Sunoco Logistics Partners and gave the stock a “buy” rating in a report on Saturday, May 6th. Jefferies Group LLC reiterated a “buy” rating and set a $26.00 price objective on shares of Sunoco Logistics Partners in a report on Friday, July 14th. Finally, Citigroup Inc. cut their price objective 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, August 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Sunoco Logistics Partners has a consensus rating of “Buy” and an average target price of $30.99.

In other Sunoco Logistics Partners news, Director David K. Skidmore bought 2,000 shares of Sunoco Logistics Partners stock in a transaction dated Monday, June 26th. The stock was bought at an average cost of $19.49 per share, for a total transaction of $38,980.00. Following the purchase, the director now owns 45,245 shares of the company’s stock, valued at approximately $881,825.05. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David K. Skidmore bought 10,000 shares of Sunoco Logistics Partners stock in a transaction dated Thursday, June 22nd. The shares were acquired at an average price of $18.64 per share, with a total value of $186,400.00. Following the completion of the purchase, the director now directly owns 45,245 shares in the company, valued at approximately $843,366.80. The disclosure for this purchase can be found here. Insiders have bought a total of 2,012,000 shares of company stock valued at $39,205,380 over the last quarter. 3.74% of the stock is currently owned by corporate 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.

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

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