Traders bought shares of Sunoco Logistics Partners LP (NYSE:ETP) on weakness during trading hours on Thursday. $33.81 million flowed into the stock on the tick-up and $16.54 million flowed out of the stock on the tick-down, for a money net flow of $17.27 million into the stock. Of all equities tracked, Sunoco Logistics Partners had the 26th highest net in-flow for the day. Sunoco Logistics Partners traded down ($0.14) for the day and closed at $18.71

Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BMO Capital Markets set a $26.00 price target on shares of Sunoco Logistics Partners and gave the stock a “hold” rating in a research report on Friday, August 18th. BidaskClub raised shares of Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $26.00 price target on shares of Sunoco Logistics Partners in a research report on Friday, July 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $28.00 price target on shares of Sunoco Logistics Partners in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $30.74.

The stock has a 50-day moving average price of $19.42 and a 200 day moving average price of $21.89. The firm’s market cap is $20.57 billion.

Sunoco Logistics Partners (NYSE:ETP) last posted its earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.21. The business had revenue of $6.58 billion during the quarter, compared to the consensus estimate 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 revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 EPS. Equities analysts expect that Sunoco Logistics Partners LP will post $0.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were paid a $0.55 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $2.20 dividend on an annualized basis and a yield of 11.76%. This is a boost from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. Sunoco Logistics Partners’s payout ratio is presently 440.00%.

In other news, Director David K. Skidmore purchased 2,000 shares of Sunoco Logistics Partners stock in a transaction on Monday, June 26th. The shares were purchased at an average cost of $19.49 per share, for a total transaction of $38,980.00. Following the completion of the transaction, the director now directly owns 45,245 shares in the company, valued at $881,825.05. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kelcy L. Warren purchased 1,000,000 shares of Sunoco Logistics Partners stock in a transaction on Tuesday, August 15th. The stock was purchased at an average price of $18.65 per share, for a total transaction of $18,650,000.00. Following the completion of the transaction, the chief executive officer now owns 2,031,646 shares of the company’s stock, valued at $37,890,197.90. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 2,012,000 shares of company stock worth $39,205,380. Company insiders own 0.17% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ETP. Tortoise Capital Advisors L.L.C. boosted its position in Sunoco Logistics Partners by 154.3% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 43,337,625 shares of the pipeline company’s stock valued at $883,654,000 after buying an additional 26,293,140 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its position in Sunoco Logistics Partners by 97.6% in the second quarter. Kayne Anderson Capital Advisors LP now owns 41,329,104 shares of the pipeline company’s stock valued at $842,685,000 after buying an additional 20,414,761 shares in the last quarter. Alps Advisors Inc. boosted its position in Sunoco Logistics Partners by 57.9% in the second quarter. Alps Advisors Inc. now owns 47,476,301 shares of the pipeline company’s stock valued at $968,042,000 after buying an additional 17,412,412 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Sunoco Logistics Partners by 95.5% in the second quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock valued at $479,265,000 after buying an additional 11,483,706 shares in the last quarter. Finally, Center Coast Capital Advisors LP boosted its position in Sunoco Logistics Partners by 251.1% in the second quarter. Center Coast Capital Advisors LP now owns 14,375,138 shares of the pipeline company’s stock valued at $293,109,000 after buying an additional 10,280,243 shares in the last quarter. Hedge funds and other institutional investors own 58.46% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Investors Buy Sunoco Logistics Partners LP (ETP) on Weakness” was posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/09/07/investors-buy-sunoco-logistics-partners-lp-etp-on-weakness.html.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.