Sunoco Logistics Partners LP (NYSE:ETP)‘s stock had its “buy” rating reiterated by Scotiabank in a research report issued to clients and investors on Friday. They currently have a $28.00 price target on the pipeline company’s stock. Scotiabank’s target price would suggest a potential upside of 40.35% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets reissued a “hold” rating and issued a $39.00 target price on shares of Sunoco Logistics Partners in a research report on Monday, April 17th. Stifel Nicolaus raised shares of Sunoco Logistics Partners from a “hold” rating to a “buy” rating and boosted their target price for the company from $23.00 to $25.00 in a research report on Tuesday, May 9th. Credit Suisse Group AG cut shares of Sunoco Logistics Partners from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $31.00 to $27.00 in a research report on Monday, May 1st. Robert W. Baird raised shares of Sunoco Logistics Partners from a “neutral” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Tuesday, May 2nd. Finally, Vetr raised shares of Sunoco Logistics Partners from a “hold” rating to a “strong-buy” rating and set a $42.84 target price for the company in a research report on Monday, April 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Sunoco Logistics Partners currently has a consensus rating of “Buy” and an average target price of $32.94.

Shares of Sunoco Logistics Partners (NYSE ETP) opened at 19.95 on Friday. Sunoco Logistics Partners has a 52-week low of $18.31 and a 52-week high of $31.49. The firm has a 50-day moving average of $20.27 and a 200 day moving average of $23.31. The company’s market capitalization is $11.03 billion.

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In other Sunoco Logistics Partners news, Director David K. Skidmore bought 10,000 shares of the stock in a transaction on Thursday, June 22nd. The stock was purchased at an average price of $18.64 per share, with a total value of $186,400.00. Following the completion of the purchase, the director now owns 45,245 shares in the company, valued at $843,366.80. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David K. Skidmore bought 2,000 shares of the stock in a transaction on Monday, June 26th. The shares were acquired at an average cost of $19.49 per share, with a total value of $38,980.00. Following the purchase, the director now owns 45,245 shares of the company’s stock, valued at approximately $881,825.05. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,015,023 shares of company stock valued at $20,625,483. Insiders own 0.17% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Regent Investment Management LLC increased its position in shares of Sunoco Logistics Partners by 21.3% in the first quarter. Regent Investment Management LLC now owns 30,140 shares of the pipeline company’s stock valued at $1,101,000 after buying an additional 5,300 shares during the last quarter. Hodges Capital Management Inc. increased its position 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 valued at $765,000 after buying an additional 718 shares during the last quarter. Capital Investment Advisors LLC increased its position in shares of Sunoco Logistics Partners by 5.5% in the first quarter. Capital Investment Advisors LLC now owns 78,566 shares of the pipeline company’s stock valued at $2,869,000 after buying an additional 4,081 shares during the last quarter. Ledyard National Bank increased its position in shares of Sunoco Logistics Partners by 6.7% in the first quarter. Ledyard National Bank now owns 3,200 shares of the pipeline company’s stock valued at $117,000 after buying an additional 200 shares during the last quarter. Finally, M Holdings Securities Inc. increased its position in shares of Sunoco Logistics Partners by 8.9% in the fourth quarter. M Holdings Securities Inc. now owns 21,080 shares of the pipeline company’s stock valued at $755,000 after buying an additional 1,731 shares during the last quarter. 66.78% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Sunoco Logistics Partners (NYSE:ETP)

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