Sunoco Logistics Partners LP (ETP) Shares Bought by Eagle Asset Management Inc.

Eagle Asset Management Inc. boosted its holdings in Sunoco Logistics Partners LP (NYSE:ETP) by 50.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 116,260 shares of the pipeline company’s stock after buying an additional 38,753 shares during the period. Eagle Asset Management Inc.’s holdings in Sunoco Logistics Partners were worth $2,370,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ETP. Tortoise Capital Advisors L.L.C. boosted its stake in Sunoco Logistics Partners by 154.3% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 43,337,625 shares of the pipeline company’s stock worth $883,654,000 after buying an additional 26,293,140 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in Sunoco Logistics Partners by 97.6% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 41,329,104 shares of the pipeline company’s stock worth $842,685,000 after buying an additional 20,414,761 shares during the last quarter. Alps Advisors Inc. boosted its stake in Sunoco Logistics Partners by 57.9% in the 2nd quarter. Alps Advisors Inc. now owns 47,476,301 shares of the pipeline company’s stock worth $968,042,000 after buying an additional 17,412,412 shares during the last quarter. Center Coast Capital Advisors LP boosted its stake in Sunoco Logistics Partners by 251.1% in the 2nd 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 during the last quarter. Finally, Chickasaw Capital Management LLC boosted its stake in Sunoco Logistics Partners by 59,075.2% in the 2nd quarter. Chickasaw Capital Management LLC now owns 8,343,707 shares of the pipeline company’s stock worth $170,128,000 after buying an additional 8,329,607 shares during the last quarter. 58.46% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Sunoco Logistics Partners LP (ETP) opened at 18.55 on Monday. Sunoco Logistics Partners LP has a one year low of $17.85 and a one year high of $31.39. The stock’s market capitalization is $20.40 billion. The company’s 50 day moving average price is $19.37 and its 200 day moving average price is $21.87.

Sunoco Logistics Partners (NYSE:ETP) last released 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 for 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 business’s revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. On average, equities analysts expect that Sunoco Logistics Partners LP will post $0.45 earnings per share for the current year.

The business also recently declared 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 represents a $2.20 annualized dividend and a dividend yield of 11.86%. The ex-dividend date of this dividend was Thursday, August 3rd. This is an increase from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. Sunoco Logistics Partners’s dividend payout ratio is 440.00%.

A number of analysts have issued reports on ETP shares. Jefferies Group LLC reissued a “buy” rating and issued a $26.00 price target on shares of Sunoco Logistics Partners in a research note on Friday, July 14th. Stifel Nicolaus decreased their price target on Sunoco Logistics Partners from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 13th. Deutsche Bank AG decreased their price target on Sunoco Logistics Partners from $47.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, June 21st. Scotiabank set a $28.00 price target on Sunoco Logistics Partners and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, Citigroup Inc. decreased their price target on Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, August 15th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $30.74.

In related news, Director David K. Skidmore purchased 2,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was bought at an average price of $19.49 per share, for a total transaction of $38,980.00. Following the purchase, the director now owns 45,245 shares in the company, valued at approximately $881,825.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kelcy L. Warren purchased 1,000,000 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were bought at an average price of $20.33 per share, with a total value of $20,330,000.00. Following the purchase, the chief executive officer now owns 1,031,646 shares in the company, valued at approximately $20,973,363.18. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 2,012,000 shares of company stock valued at $39,205,380. 3.74% of the stock is currently owned by corporate insiders.

About Sunoco Logistics Partners

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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