Traders purchased shares of Sunoco Logistics Partners LP (NYSE:ETP) on weakness during trading 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 analysts recently issued reports on ETP shares. Scotiabank set a $28.00 target price on Sunoco Logistics Partners and gave the stock a “buy” rating in a research note on Friday, July 21st. Jefferies Group LLC reissued a “buy” rating and issued a $26.00 target price on shares of Sunoco Logistics Partners in a research note on Friday, July 14th. Stifel Nicolaus cut their target price on Sunoco Logistics Partners from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 13th. Deutsche Bank AG cut their target price on Sunoco Logistics Partners from $47.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, June 21st. Finally, Citigroup Inc. cut their target price on Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, August 15th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Sunoco Logistics Partners currently has an average rating of “Buy” and a consensus price target of $30.74.

The stock’s 50-day moving average is $19.37 and its 200-day moving average is $21.87. The firm’s market capitalization is $20.40 billion.

Sunoco Logistics Partners (NYSE:ETP) last issued 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. The company had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $7.24 billion. Sunoco Logistics Partners had a return on equity of 4.67% and a net margin of 3.57%. Sunoco Logistics Partners’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. Equities research analysts predict that Sunoco Logistics Partners LP will post $0.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were paid a dividend of $0.55 per share. The ex-dividend date was Thursday, August 3rd. This is an increase from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 11.86%. Sunoco Logistics Partners’s dividend payout ratio (DPR) is currently 440.00%.

In other Sunoco Logistics Partners news, Director David K. Skidmore acquired 2,000 shares of the company’s stock in a transaction dated 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 purchase, the director now owns 45,245 shares in the company, valued at $881,825.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kelcy L. Warren acquired 1,000,000 shares of the company’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 purchase, the chief executive officer now owns 1,031,646 shares of the company’s stock, valued at approximately $20,973,363.18. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 2,012,000 shares of company stock worth $39,205,380. Insiders own 0.17% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ETP. V Wealth Management LLC bought a new position in shares of Sunoco Logistics Partners during the second quarter valued at approximately $106,000. Duncker Streett & Co. Inc. boosted its stake in shares of Sunoco Logistics Partners by 17.9% during the second quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock valued at $106,000 after purchasing an additional 785 shares in the last quarter. Ffcm LLC boosted its stake in shares of Sunoco Logistics Partners by 433.9% during the second quarter. Ffcm LLC now owns 5,526 shares of the pipeline company’s stock valued at $115,000 after purchasing an additional 4,491 shares in the last quarter. Fiduciary Trust Co. bought a new position in shares of Sunoco Logistics Partners during the second quarter valued at approximately $119,000. Finally, Oakworth Capital Inc. boosted its stake in shares of Sunoco Logistics Partners by 121.2% during the second quarter. Oakworth Capital Inc. now owns 5,876 shares of the pipeline company’s stock valued at $120,000 after purchasing an additional 3,219 shares in the last quarter. Hedge funds and other institutional investors own 58.46% of the company’s stock.

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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.