UMB Bank N A MO increased its stake in Sunoco Logistics Partners LP (NYSE:ETP) by 55.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,103 shares of the pipeline company’s stock after buying an additional 18,285 shares during the period. UMB Bank N A MO’s holdings in Sunoco Logistics Partners were worth $1,042,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ETP. Taylor Wealth Management Partners raised its position in Sunoco Logistics Partners by 1.2% in the first quarter. Taylor Wealth Management Partners now owns 107,935 shares of the pipeline company’s stock valued at $3,942,000 after buying an additional 1,290 shares during the last quarter. Hollencrest Securities LLC bought a new position in Sunoco Logistics Partners during the first quarter valued at approximately $1,630,000. Sanders Morris Harris Inc. raised its position in Sunoco Logistics Partners by 1.0% in the first quarter. Sanders Morris Harris Inc. now owns 19,967 shares of the pipeline company’s stock valued at $729,000 after buying an additional 200 shares during the last quarter. Bollard Group LLC raised its position in Sunoco Logistics Partners by 18.3% in the first quarter. Bollard Group LLC now owns 126,201 shares of the pipeline company’s stock valued at $4,609,000 after buying an additional 19,495 shares during the last quarter. Finally, 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. 66.78% of the stock is owned by hedge funds and other institutional investors.

Shares of Sunoco Logistics Partners LP (ETP) opened at 19.51 on Friday. Sunoco Logistics Partners LP has a 1-year low of $18.31 and a 1-year high of $31.49. The stock’s market cap is $21.32 billion. The firm’s 50-day moving average price is $20.22 and its 200 day moving average price is $22.86.

Sunoco Logistics Partners (NYSE:ETP) last posted its earnings results 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 return on equity of 9.69% and a net margin of 3.57%. The firm had revenue of $6.58 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same quarter last year, the firm posted $0.10 EPS. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. On average, equities analysts expect that Sunoco Logistics Partners LP will post $0.69 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, August 3rd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 11.28%. This is a boost from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. Sunoco Logistics Partners’s payout ratio is 440.00%.

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Several research analysts have recently commented on the company. BMO Capital Markets reissued a “hold” rating and issued a $39.00 price target on shares of Sunoco Logistics Partners in a research report on Monday, April 17th. Royal Bank Of Canada reissued a “buy” rating on shares of Sunoco Logistics Partners in a research report on Friday, April 21st. Citigroup Inc. reissued a “buy” rating and issued a $30.00 price target on shares of Sunoco Logistics Partners in a research report on Thursday, April 27th. Robert W. Baird raised Sunoco Logistics Partners from a “neutral” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Tuesday, May 2nd. Finally, Credit Suisse Group lowered Sunoco Logistics Partners from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $31.00 to $27.00 in a research report on Monday, May 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus 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 business’s stock in a transaction dated Thursday, July 6th. The shares were acquired at an average price of $20.33 per share, for a total transaction of $20,330,000.00. Following the completion of the transaction, 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 legal filing with the SEC, which is available through this hyperlink. Also, Director David K. Skidmore bought 2,000 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were purchased at an average price of $19.49 per share, for a total transaction of $38,980.00. Following the transaction, the director now directly owns 45,245 shares of the company’s stock, valued at approximately $881,825.05. The disclosure for this purchase can be found here. Insiders have bought 1,015,023 shares of company stock worth $20,625,483 in the last quarter. 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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