National Asset Management Inc. Has $335,000 Position in Sunoco Logistics Partners LP (ETP)

National Asset Management Inc. raised its stake in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 28.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,145 shares of the pipeline company’s stock after buying an additional 2,038 shares during the period. National Asset Management Inc.’s holdings in Sunoco Logistics Partners were worth $335,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Adirondack Trust Co. raised its position in Sunoco Logistics Partners by 0.6% in the first quarter. Adirondack Trust Co. now owns 3,392 shares of the pipeline company’s stock valued at $124,000 after buying an additional 19 shares during the last quarter. Sheets Smith Wealth Management raised its position in Sunoco Logistics Partners by 0.3% in the first quarter. Sheets Smith Wealth Management now owns 13,128 shares of the pipeline company’s stock valued at $479,000 after buying an additional 39 shares during the last quarter. Concert Wealth Management Inc. raised its position in Sunoco Logistics Partners by 0.4% in the first quarter. Concert Wealth Management Inc. now owns 11,752 shares of the pipeline company’s stock valued at $420,000 after buying an additional 50 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Sunoco Logistics Partners by 0.4% in the first quarter. Stratos Wealth Partners LTD. now owns 24,930 shares of the pipeline company’s stock valued at $910,000 after buying an additional 91 shares during the last quarter. Finally, Burke & Herbert Bank & Trust Co. raised its position in Sunoco Logistics Partners by 1.0% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 9,311 shares of the pipeline company’s stock valued at $340,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 66.78% of the company’s stock.

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

Shares of Sunoco Logistics Partners LP (NYSE ETP) traded down 3.05% on Tuesday, reaching $18.76. The company had a trading volume of 9,646,636 shares. The firm’s market capitalization is $10.37 billion. Sunoco Logistics Partners LP has a 52-week low of $18.31 and a 52-week high of $31.49. The company has a 50-day moving average price of $22.12 and a 200-day moving average price of $23.88.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://sportsperspectives.com/2017/06/20/national-asset-management-inc-has-335000-position-in-sunoco-logistics-partners-lp-etp.html.

Several research firms recently commented on ETP. Scotiabank set a $28.00 target price on Sunoco Logistics Partners and gave the company a “buy” rating in a research note on Saturday, May 6th. Stifel Nicolaus upgraded Sunoco Logistics Partners from a “hold” rating to a “buy” rating and upped their price target for the stock from $23.00 to $25.00 in a research note on Tuesday, May 9th. Credit Suisse Group lowered Sunoco Logistics Partners from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $31.00 to $27.00 in a research note on Monday, May 1st. Wells Fargo & Co restated an “outperform” rating and set a $32.00 price target (down from $32.50) on shares of Sunoco Logistics Partners in a research note on Monday. Finally, BMO Capital Markets set a $26.00 price target on Sunoco Logistics Partners and gave the stock a “hold” rating in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Sunoco Logistics Partners currently has a consensus rating of “Buy” and a consensus target price of $34.14.

In other Sunoco Logistics Partners news, Director Michael K. Grimm acquired 3,023 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average cost of $23.19 per share, for a total transaction of $70,103.37. Following the completion of the purchase, the director now owns 67,633 shares of the company’s stock, valued at approximately $1,568,409.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.74% of the company’s stock.

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.

Receive News & Ratings for Sunoco Logistics Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco Logistics Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply