Sunoco Logistics Partners LP (NYSE:ETP)‘s stock had its “buy” rating reaffirmed by analysts at Scotiabank in a report released on Friday. They presently have a $28.00 price objective on the pipeline company’s stock. Scotiabank’s target price suggests a potential upside of 40.35% from the company’s previous close.

A number of other research analysts have also weighed in on ETP. Stifel Nicolaus dropped their price target on shares of Sunoco Logistics Partners from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Zacks Investment Research lowered shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Tuesday. Jefferies Group LLC reissued a “buy” rating and set a $26.00 price target on shares of Sunoco Logistics Partners in a research report on Friday, July 14th. BidaskClub raised shares of Sunoco Logistics Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, US Capital Advisors reissued an “overweight” rating on shares of Sunoco Logistics Partners in a research report on Friday, April 7th. Two analysts have rated the stock with a sell rating, six 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 company currently has a consensus rating of “Buy” and an average target price of $32.94.

Shares of Sunoco Logistics Partners (ETP) opened at 19.95 on Friday. Sunoco Logistics Partners has a 12 month low of $18.31 and a 12 month high of $31.49. The company’s market capitalization is $11.03 billion. The firm’s 50-day moving average is $20.27 and its 200 day moving average is $23.31.

COPYRIGHT VIOLATION WARNING: This piece was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/07/22/sunoco-logistics-partners-nyseetp-buy-rating-reaffirmed-at-scotiabank.html.

In other news, CEO Kelcy L. Warren purchased 1,000,000 shares of the stock in a transaction that occurred on Thursday, July 6th. The stock was bought at an average cost of $20.33 per share, for a total transaction of $20,330,000.00. Following the acquisition, the chief executive officer now directly owns 1,031,646 shares of the company’s stock, valued at approximately $20,973,363.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David K. Skidmore purchased 2,000 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were purchased at an average price of $19.49 per share, with a total value of $38,980.00. Following the completion of the acquisition, the director now directly owns 45,245 shares in the company, valued at $881,825.05. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,015,023 shares of company stock valued at $20,625,483. Company insiders own 0.17% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. V Wealth Management LLC purchased a new stake in Sunoco Logistics Partners during the second quarter worth approximately $106,000. Duncker Streett & Co. Inc. raised its stake in Sunoco Logistics Partners by 17.9% in the second quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock worth $106,000 after buying an additional 785 shares in the last quarter. Ledyard National Bank raised its stake in Sunoco Logistics Partners by 6.7% in the first quarter. Ledyard National Bank now owns 3,200 shares of the pipeline company’s stock worth $117,000 after buying an additional 200 shares in the last quarter. Adirondack Trust Co. raised its stake 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 worth $124,000 after buying an additional 19 shares in the last quarter. Finally, CENTRAL TRUST Co raised its stake in Sunoco Logistics Partners by 184.2% in the second quarter. CENTRAL TRUST Co now owns 7,383 shares of the pipeline company’s stock worth $151,000 after buying an additional 4,785 shares in the last quarter. Institutional investors own 66.78% of the company’s stock.

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.

Analyst Recommendations for Sunoco Logistics Partners (NYSE:ETP)

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.