Stephens Inc. AR Purchases 113,515 Shares of Sunoco Logistics Partners LP (ETP)

Stephens Inc. AR lifted its position in Sunoco Logistics Partners LP (NYSE:ETP) by 101.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 225,051 shares of the pipeline company’s stock after buying an additional 113,515 shares during the quarter. Stephens Inc. AR’s holdings in Sunoco Logistics Partners were worth $4,589,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ETP. Concert Wealth Management Inc. boosted its position in Sunoco Logistics Partners by 0.4% during the first quarter. Concert Wealth Management Inc. now owns 11,752 shares of the pipeline company’s stock worth $420,000 after purchasing an additional 50 shares during the period. Stratos Wealth Partners LTD. boosted its position in Sunoco Logistics Partners by 0.4% during the first quarter. Stratos Wealth Partners LTD. now owns 24,930 shares of the pipeline company’s stock worth $910,000 after purchasing an additional 91 shares during the period. Fairfield Bush & CO. boosted its position in Sunoco Logistics Partners by 0.3% during the first quarter. Fairfield Bush & CO. now owns 50,188 shares of the pipeline company’s stock worth $1,833,000 after purchasing an additional 158 shares during the period. Arcus Capital Partners LLC boosted its position in Sunoco Logistics Partners by 2.7% during the first quarter. Arcus Capital Partners LLC now owns 6,274 shares of the pipeline company’s stock worth $229,000 after purchasing an additional 163 shares during the period. Finally, HL Financial Services LLC boosted its position in Sunoco Logistics Partners by 3.1% during the first quarter. HL Financial Services LLC now owns 7,447 shares of the pipeline company’s stock worth $272,000 after purchasing an additional 225 shares during the period. 58.46% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on ETP. Royal Bank Of Canada reaffirmed a “buy” rating and set a $28.00 target price on shares of Sunoco Logistics Partners in a research report on Wednesday, September 6th. ValuEngine cut Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Robert W. Baird reaffirmed a “buy” rating and set a $29.00 target price on shares of Sunoco Logistics Partners in a research report on Thursday, August 24th. BMO Capital Markets set a $26.00 target price on Sunoco Logistics Partners and gave the stock a “hold” rating in a research report on Friday, August 18th. Finally, BidaskClub cut Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Sunoco Logistics Partners currently has an average rating of “Buy” and an average target price of $30.74.

Sunoco Logistics Partners LP (NYSE ETP) traded up 0.43% on Tuesday, reaching $18.76. The company’s stock had a trading volume of 998,785 shares. The company has a 50-day moving average price of $19.35 and a 200 day moving average price of $21.78. The company’s market cap is $20.63 billion. Sunoco Logistics Partners LP has a 12 month low of $17.85 and a 12 month high of $29.76.

Sunoco Logistics Partners (NYSE:ETP) last posted its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $7.24 billion. During the same period last year, the firm posted $0.10 EPS. Sunoco Logistics Partners’s quarterly revenue was up 24.3% on a year-over-year basis. On average, equities research analysts anticipate that Sunoco Logistics Partners LP will post $0.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 11.78%. The ex-dividend date was Thursday, August 3rd. This is a boost from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. Sunoco Logistics Partners’s dividend payout ratio is presently 440.00%.

In other news, Director David K. Skidmore bought 10,000 shares of the stock in a transaction on Thursday, June 22nd. The stock was acquired at an average price of $18.64 per share, with a total value of $186,400.00. Following the acquisition, the director now directly owns 45,245 shares in the company, valued at $843,366.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kelcy L. Warren bought 1,000,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was purchased at an average cost of $18.65 per share, with a total value of $18,650,000.00. Following the acquisition, the chief executive officer now owns 2,031,646 shares in the company, valued at $37,890,197.90. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 2,012,000 shares of company stock valued at $39,205,380. Insiders own 3.74% of the company’s stock.

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Sunoco Logistics Partners 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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