Camelot Portfolios LLC increased its position in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 35.6% during the second quarter, Holdings Channel reports. The institutional investor owned 22,433 shares of the pipeline company’s stock after buying an additional 5,893 shares during the period. Camelot Portfolios LLC’s holdings in Sunoco Logistics Partners were worth $457,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. V Wealth Management LLC bought a new position in shares of Sunoco Logistics Partners during the second quarter worth about $106,000. Duncker Streett & Co. Inc. increased its position in shares of 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 valued at $106,000 after buying an additional 785 shares during the period. 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 period. Oakworth Capital Inc. increased its position in shares of Sunoco Logistics Partners by 121.2% in the second quarter. Oakworth Capital Inc. now owns 5,876 shares of the pipeline company’s stock valued at $120,000 after buying an additional 3,219 shares during the period. Finally, Adirondack Trust Co. increased its position in shares of 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 period. Institutional investors and hedge funds own 66.78% of the company’s stock.

Shares of Sunoco Logistics Partners LP (NYSE:ETP) opened at 20.17 on Monday. The stock has a 50 day moving average price of $20.04 and a 200-day moving average price of $23.07. The stock’s market capitalization is $11.15 billion. Sunoco Logistics Partners LP has a 52-week low of $18.31 and a 52-week high of $31.49.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be given a dividend of $0.55 per share. This is an increase from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 10.91%. The ex-dividend date of this dividend is Thursday, August 3rd. Sunoco Logistics Partners’s payout ratio is currently 250.00%.

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ETP has been the topic of several research analyst reports. Credit Suisse Group downgraded Sunoco Logistics Partners from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $31.00 to $27.00 in a research note on Monday, May 1st. Citigroup Inc. restated a “buy” rating and set a $30.00 target price on shares of Sunoco Logistics Partners in a research note on Thursday, April 27th. Wolfe Research restated a “market perform” rating on shares of Sunoco Logistics Partners in a research note on Friday, May 12th. Stifel Nicolaus upgraded Sunoco Logistics Partners from a “hold” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $25.00 in a research note on Tuesday, May 9th. Finally, BidaskClub upgraded Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $32.32.

In other news, CEO Kelcy L. Warren bought 1,000,000 shares of the stock in a transaction on Thursday, July 6th. The stock was purchased at an average cost of $20.33 per share, with a total value of $20,330,000.00. Following the purchase, the chief executive officer now owns 1,031,646 shares of the company’s stock, valued at $20,973,363.18. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 cost of $18.64 per share, with a total value of $186,400.00. Following the completion of the purchase, the director now directly owns 45,245 shares in the company, valued at approximately $843,366.80. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,015,023 shares of company stock valued at $20,625,483 over the last 90 days. 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.

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

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