Cetera Investment Advisers bought a new stake in shares of Sunoco Logistics Partners LP (NYSE:ETP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 24,530 shares of the pipeline company’s stock, valued at approximately $496,000.

Other hedge funds also recently bought and sold shares of the company. Whitnell & Co. grew its holdings in shares of Sunoco Logistics Partners by 2.6% during the second quarter. Whitnell & Co. now owns 9,000 shares of the pipeline company’s stock worth $184,000 after purchasing an additional 231 shares in the last quarter. Duncker Streett & Co. Inc. boosted its stake in 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 worth $106,000 after buying an additional 785 shares in the last quarter. Colonial Trust Advisors boosted its stake in Sunoco Logistics Partners by 11.2% in the second quarter. Colonial Trust Advisors now owns 10,763 shares of the pipeline company’s stock worth $219,000 after buying an additional 1,088 shares in the last quarter. Edmp Inc. boosted its stake in Sunoco Logistics Partners by 25.0% in the second quarter. Edmp Inc. now owns 10,156 shares of the pipeline company’s stock worth $207,000 after buying an additional 2,031 shares in the last quarter. Finally, Atria Investments LLC boosted its stake in Sunoco Logistics Partners by 15.4% in the second quarter. Atria Investments LLC now owns 17,395 shares of the pipeline company’s stock worth $355,000 after buying an additional 2,327 shares in the last quarter. 58.49% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $26.00 price objective on shares of Sunoco Logistics Partners in a research report on Friday, July 14th. BidaskClub downgraded Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Friday, August 18th. BMO Capital Markets restated a “hold” rating and set a $23.00 target price on shares of Sunoco Logistics Partners in a report on Wednesday. Scotiabank set a $28.00 target price on Sunoco Logistics Partners and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Zacks Investment Research downgraded Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $27.49.

In other news, CEO Kelcy L. Warren purchased 1,000,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were acquired at an average price of $18.65 per share, for a total transaction of $18,650,000.00. Following the purchase, the chief executive officer now owns 2,031,646 shares in the company, valued at $37,890,197.90. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by insiders.

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Sunoco Logistics Partners LP (ETP) traded down 0.28% on Thursday, reaching $17.71. The company’s stock had a trading volume of 511,966 shares. The firm’s 50 day moving average price is $18.60 and its 200-day moving average price is $20.62. Sunoco Logistics Partners LP has a 1-year low of $17.43 and a 1-year high of $27.99. The company’s market capitalization is $19.47 billion.

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 Thomson Reuters’ consensus estimate of $0.17 by ($0.21). The firm 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 quarter in the previous year, the firm posted $0.10 EPS. Equities analysts forecast that Sunoco Logistics Partners LP will post $0.55 earnings per share for the current year.

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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