Noesis Capital Mangement Corp increased its position in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 38.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,823 shares of the pipeline company’s stock after purchasing an additional 4,388 shares during the period. Noesis Capital Mangement Corp’s holdings in Sunoco Logistics Partners were worth $323,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Sunoco Logistics Partners by 106.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,859,350 shares of the pipeline company’s stock worth $241,812,000 after purchasing an additional 6,127,839 shares during the period. Hodges Capital Management Inc. boosted its stake in shares of Sunoco Logistics Partners by 3.5% during the 1st quarter. Hodges Capital Management Inc. now owns 20,957 shares of the pipeline company’s stock worth $765,000 after purchasing an additional 718 shares during the period. Allen Investment Management LLC boosted its stake in shares of Sunoco Logistics Partners by 50.0% during the 2nd quarter. Allen Investment Management LLC now owns 18,105 shares of the pipeline company’s stock worth $369,000 after purchasing an additional 6,035 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Sunoco Logistics Partners by 95.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock worth $479,265,000 after purchasing an additional 11,483,706 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in shares of Sunoco Logistics Partners by 59.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 7,568,921 shares of the pipeline company’s stock worth $154,330,000 after purchasing an additional 2,821,082 shares during the period. 58.46% of the stock is owned by hedge funds and other institutional investors.

Sunoco Logistics Partners LP (ETP) traded down 0.86% during midday trading on Friday, hitting $18.55. 4,654,834 shares of the stock traded hands. Sunoco Logistics Partners LP has a 12-month low of $17.85 and a 12-month high of $29.95. The firm’s market cap is $20.40 billion. The company’s 50-day moving average is $19.37 and its 200 day moving average is $21.87.

Sunoco Logistics Partners (NYSE:ETP) last posted its quarterly earnings data on Tuesday, August 8th. The pipeline company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.21. Sunoco Logistics Partners had a net margin of 3.57% and a return on equity of 4.67%. The business had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $7.24 billion. During the same period in the previous year, the business posted $0.10 EPS. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. On average, analysts anticipate 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 $0.55 dividend. This is a positive change from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.20 annualized dividend and a dividend yield of 11.86%. Sunoco Logistics Partners’s dividend payout ratio (DPR) is presently 440.00%.

In other Sunoco Logistics Partners news, Director David K. Skidmore acquired 10,000 shares of the stock in a transaction dated Thursday, June 22nd. The stock was acquired at an average price of $18.64 per share, with a total value of $186,400.00. Following the completion of the purchase, the director now owns 45,245 shares in the company, valued at approximately $843,366.80. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David K. Skidmore acquired 2,000 shares of the stock in a transaction dated Monday, June 26th. The stock was acquired at an average cost of $19.49 per share, with a total value of $38,980.00. Following the purchase, the director now owns 45,245 shares of the company’s stock, valued at approximately $881,825.05. The disclosure for this purchase can be found here. In the last three months, insiders bought 2,012,000 shares of company stock valued at $39,205,380. Insiders own 0.17% of the company’s stock.

A number of equities analysts recently commented on ETP shares. Zacks Investment Research cut shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Wolfe Research reaffirmed a “market perform” rating on shares of Sunoco Logistics Partners in a research note on Friday, May 12th. US Capital Advisors reaffirmed an “overweight” rating on shares of Sunoco Logistics Partners in a research note on Wednesday, May 24th. Stifel Nicolaus dropped their price target on shares of Sunoco Logistics Partners from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 13th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $29.00 price target on shares of Sunoco Logistics Partners in a research note on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $30.74.

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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.

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

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