Oppenheimer & Co. Inc. boosted its position in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 378.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 279,597 shares of the pipeline company’s stock after buying an additional 221,126 shares during the period. Oppenheimer & Co. Inc.’s holdings in Sunoco Logistics Partners were worth $5,701,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ETP. Hodges Capital Management Inc. boosted its stake in shares of 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 worth $765,000 after buying an additional 718 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in shares of 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 worth $915,000 after buying an additional 30,458 shares in the last quarter. Center Coast Capital Advisors LP boosted its stake in shares of 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 worth $293,109,000 after buying an additional 10,280,243 shares in the last quarter. Waldron LP purchased a new stake in shares of Sunoco Logistics Partners during the first quarter worth $409,000. Finally, Bollard Group LLC boosted its stake in shares of Sunoco Logistics Partners by 63.7% in the second quarter. Bollard Group LLC now owns 206,649 shares of the pipeline company’s stock worth $4,214,000 after buying an additional 80,448 shares in the last quarter. Institutional investors own 58.45% of the company’s stock.

Sunoco Logistics Partners LP (NYSE ETP) opened at 19.31 on Friday. The firm’s market cap is $21.23 billion. The company’s 50-day moving average price is $19.60 and its 200-day moving average price is $22.07. Sunoco Logistics Partners LP has a one year low of $17.85 and a one year high of $31.39.

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

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were issued a $0.55 dividend. 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. This represents a $2.20 annualized dividend and a dividend yield of 11.39%. Sunoco Logistics Partners’s dividend payout ratio (DPR) is 440.00%.

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ETP has been the subject of a number of research reports. Zacks Investment Research cut Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Robert W. Baird reiterated a “buy” rating and issued a $29.00 price objective on shares of Sunoco Logistics Partners in a research note on Thursday, August 24th. BMO Capital Markets set a $26.00 price objective on Sunoco Logistics Partners and gave the company a “hold” rating in a research note on Monday, June 5th. Sanford C. Bernstein upgraded Sunoco Logistics Partners from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 10th. Finally, BidaskClub upgraded Sunoco Logistics Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Three 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. The company has an average rating of “Buy” and a consensus price target of $30.99.

In other Sunoco Logistics Partners news, Director David K. Skidmore bought 10,000 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were purchased at an average price of $18.64 per share, with a total value of $186,400.00. Following the purchase, the director now directly owns 45,245 shares of the company’s stock, valued at $843,366.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David K. Skidmore bought 2,000 shares of the business’s stock in a transaction on Monday, June 26th. The shares were acquired at an average cost of $19.49 per share, for a total transaction of $38,980.00. Following the purchase, the director now directly owns 45,245 shares in the company, valued at $881,825.05. The disclosure for this purchase can be found here. In the last three months, insiders purchased 2,012,000 shares of company stock worth $39,205,380. Company insiders own 0.17% 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.

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

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