TradeLink Capital LLC bought a new stake in Sunoco Logistics Partners LP (NYSE:ETP) during the second quarter, Holdings Channel reports. The firm bought 15,200 shares of the pipeline company’s stock, valued at approximately $310,000. Sunoco Logistics Partners comprises approximately 2.8% of TradeLink Capital LLC’s portfolio, making the stock its 10th largest position.

Several other institutional investors also recently bought and sold shares of the company. Ledyard National Bank raised its position 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 valued at $117,000 after buying an additional 200 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Sunoco Logistics Partners by 7.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,599 shares of the pipeline company’s stock valued at $168,000 after buying an additional 300 shares during the last quarter. Duncker Streett & Co. Inc. raised its position 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 valued at $106,000 after buying an additional 785 shares during the last quarter. V Wealth Management LLC bought a new position in Sunoco Logistics Partners during the second quarter valued at about $106,000. Finally, Busey Trust CO bought a new position in Sunoco Logistics Partners during the first quarter valued at about $201,000. Institutional investors own 66.78% of the company’s stock.

Sunoco Logistics Partners LP (ETP) opened at 19.83 on Friday. Sunoco Logistics Partners LP has a 52-week low of $18.31 and a 52-week high of $31.49. The firm’s 50-day moving average price is $20.20 and its 200-day moving average price is $22.90. The firm’s market cap is $20.26 billion.

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 Zacks’ consensus estimate of $0.17 by $0.21. Sunoco Logistics Partners had a net margin of 3.57% and a return on equity of 7.27%. The firm had revenue of $6.58 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same period last year, the business posted $0.10 EPS. The company’s revenue was up 24.3% on a year-over-year basis. Equities research analysts expect that Sunoco Logistics Partners LP will post $0.69 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 11.09%. The ex-dividend date is 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 (DPR) is 440.00%.

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Several research firms have recently issued reports on ETP. Scotiabank set a $28.00 target price on Sunoco Logistics Partners and gave the stock a “buy” rating in a research report on Saturday, May 6th. Zacks Investment Research lowered Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub upgraded Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and set a $26.00 target price on shares of Sunoco Logistics Partners in a research report on Friday, July 14th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $32.00 target price (down from $32.50) on shares of Sunoco Logistics Partners in a research report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Sunoco Logistics Partners has a consensus rating of “Buy” and an average price target of $32.32.

In other news, Director David K. Skidmore acquired 2,000 shares of Sunoco Logistics Partners stock in a transaction on Monday, June 26th. The stock was purchased at an average price of $19.49 per share, with a total value of $38,980.00. Following the completion of the purchase, the director now owns 45,245 shares of the company’s stock, valued at approximately $881,825.05. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael K. Grimm acquired 3,023 shares of Sunoco Logistics Partners stock in a transaction on Wednesday, May 17th. The stock was purchased at an average cost of $23.19 per share, with a total value of $70,103.37. Following the purchase, the director now directly owns 67,633 shares of the company’s stock, valued at approximately $1,568,409.27. The disclosure for this purchase can be found here. Insiders acquired 1,015,023 shares of company stock valued at $20,625,483 in the last three months. Insiders own 0.17% 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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