BBR Partners LLC Has $902,000 Position in Sunoco Logistics Partners LP (ETP)
BBR Partners LLC lifted its position in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 50.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,250 shares of the pipeline company’s stock after acquiring an additional 14,750 shares during the period. Sunoco Logistics Partners makes up approximately 0.2% of BBR Partners LLC’s portfolio, making the stock its 20th largest position. BBR Partners LLC’s holdings in Sunoco Logistics Partners were worth $902,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in ETP. California Public Employees Retirement System grew its position in Sunoco Logistics Partners by 104.7% in the 2nd quarter. California Public Employees Retirement System now owns 1,970,531 shares of the pipeline company’s stock worth $40,179,000 after purchasing an additional 1,007,777 shares during the period. MML Investors Services LLC grew its position in Sunoco Logistics Partners by 155.2% in the 2nd quarter. MML Investors Services LLC now owns 21,160 shares of the pipeline company’s stock worth $431,000 after purchasing an additional 12,867 shares during the period. BP Capital Fund Advisors LLC grew its position in Sunoco Logistics Partners by 318.9% in the 2nd quarter. BP Capital Fund Advisors LLC now owns 409,116 shares of the pipeline company’s stock worth $8,342,000 after purchasing an additional 311,454 shares during the period. FMR LLC grew its position in Sunoco Logistics Partners by 50.0% in the 2nd quarter. FMR LLC now owns 161,259 shares of the pipeline company’s stock worth $3,288,000 after purchasing an additional 53,753 shares during the period. Finally, Northern Trust Corp grew its position in Sunoco Logistics Partners by 25.3% in the 2nd quarter. Northern Trust Corp now owns 537,753 shares of the pipeline company’s stock worth $10,964,000 after purchasing an additional 108,441 shares during the period. 58.45% of the stock is owned by institutional investors.
In related news, CEO Kelcy L. Warren acquired 1,000,000 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were acquired at an average cost of $20.33 per share, with a total value of $20,330,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,031,646 shares in the company, valued at approximately $20,973,363.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David K. Skidmore acquired 2,000 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were bought at an average cost of $19.49 per share, for a total transaction of $38,980.00. Following the completion of the acquisition, the director now owns 45,245 shares of the company’s stock, valued at $881,825.05. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 2,002,000 shares of company stock worth $39,018,980. Insiders own 0.17% of the company’s stock.
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A number of equities research analysts have commented on ETP shares. BMO Capital Markets set a $26.00 target price on shares of Sunoco Logistics Partners and gave the stock a “hold” rating in a research report on Monday, June 5th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $32.00 target price (down previously from $32.50) on shares of Sunoco Logistics Partners in a research report on Monday, June 19th. Deutsche Bank AG cut their target price on shares of Sunoco Logistics Partners from $47.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, June 21st. BidaskClub raised shares of Sunoco Logistics Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Zacks Investment Research downgraded shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. 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 issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $30.74.
Shares of Sunoco Logistics Partners LP (ETP) traded up 0.191% on Friday, hitting $18.335. 642,352 shares of the stock traded hands. The company’s market cap is $20.16 billion. The stock has a 50 day moving average of $19.06 and a 200 day moving average of $21.47. Sunoco Logistics Partners LP has a one year low of $17.85 and a one year high of $29.76.
Sunoco Logistics Partners (NYSE:ETP) last posted its quarterly earnings data on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.21). The company had revenue of $6.58 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 24.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. Equities analysts anticipate that Sunoco Logistics Partners LP will post $0.51 earnings per share for the current year.
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.
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