Sunoco Logistics Partners LP (NYSE:ETP) CEO Kelcy L. Warren acquired 1,000,000 shares of Sunoco Logistics Partners stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of $18.65 per share, for a total transaction of $18,650,000.00. Following the completion of the purchase, the chief executive officer now owns 2,031,646 shares in the company, valued at approximately $37,890,197.90. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Sunoco Logistics Partners LP (NYSE:ETP) traded down 1.34% on Wednesday, reaching $18.37. 10,902,700 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $20.20 and its 200 day moving average price is $22.73. The company’s market cap is $20.07 billion. Sunoco Logistics Partners LP has a 12 month low of $18.18 and a 12 month high of $31.49.

Sunoco Logistics Partners (NYSE:ETP) last announced its quarterly earnings data on Tuesday, August 8th. The pipeline company reported ($0.04) EPS for the quarter, missing the 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 business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 EPS. On average, equities analysts expect that Sunoco Logistics Partners LP will post $0.60 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.20 annualized dividend and a yield of 11.98%. This is a positive change from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. Sunoco Logistics Partners’s dividend payout ratio (DPR) is currently 440.00%.

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ETP has been the topic of a number of analyst reports. Stifel Nicolaus raised shares of Sunoco Logistics Partners from a “hold” rating to a “buy” rating and upped their price objective for the company from $23.00 to $25.00 in a research note on Tuesday, May 9th. Credit Suisse Group lowered shares of Sunoco Logistics Partners from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $31.00 to $27.00 in a research note on Monday, May 1st. Zacks Investment Research lowered shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Robert W. Baird raised shares of Sunoco Logistics Partners from a “neutral” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Tuesday, May 2nd. Finally, Wolfe Research reaffirmed a “market perform” rating on shares of Sunoco Logistics Partners in a research note on Friday, May 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $31.34.

Institutional investors have recently made changes to their positions in the stock. Concert Wealth Management Inc. raised its position in shares of 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 in the last quarter. Stratos Wealth Partners LTD. raised its position in shares of 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 in the last quarter. Fairfield Bush & CO. raised its position in shares of Sunoco Logistics Partners by 0.3% in the first quarter. Fairfield Bush & CO. now owns 50,188 shares of the pipeline company’s stock valued at $1,833,000 after buying an additional 158 shares in the last quarter. Arcus Capital Partners LLC raised its position in shares of Sunoco Logistics Partners by 2.7% in the first quarter. Arcus Capital Partners LLC now owns 6,274 shares of the pipeline company’s stock valued at $229,000 after buying an additional 163 shares in the last quarter. Finally, WealthTrust Axiom LLC raised its position in shares of Sunoco Logistics Partners by 0.7% in the first quarter. WealthTrust Axiom LLC now owns 22,960 shares of the pipeline company’s stock valued at $838,000 after buying an additional 168 shares in the last quarter. 66.78% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Sunoco Logistics Partners (NYSE:ETP)

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