Columbus Hill Capital Management L.P. grew its holdings in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 97.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,214,620 shares of the pipeline company’s stock after acquiring an additional 598,426 shares during the quarter. Sunoco Logistics Partners comprises 2.5% of Columbus Hill Capital Management L.P.’s investment portfolio, making the stock its 17th largest position. Columbus Hill Capital Management L.P. owned about 0.11% of Sunoco Logistics Partners worth $24,766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Advisor Group Inc. boosted its position in shares of Sunoco Logistics Partners by 57.4% during the 2nd quarter. Advisor Group Inc. now owns 163,629 shares of the pipeline company’s stock valued at $3,329,000 after acquiring an additional 59,688 shares during the last quarter. Cbre Clarion Securities LLC boosted its position in shares of Sunoco Logistics Partners by 70.2% during the 2nd quarter. Cbre Clarion Securities LLC now owns 550,589 shares of the pipeline company’s stock valued at $11,227,000 after acquiring an additional 227,169 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in shares of Sunoco Logistics Partners during the 2nd quarter valued at about $649,000. Hunter Associates Investment Management LLC boosted its position in shares of Sunoco Logistics Partners by 47.5% during the 2nd quarter. Hunter Associates Investment Management LLC now owns 19,448 shares of the pipeline company’s stock valued at $397,000 after acquiring an additional 6,261 shares during the last quarter. Finally, BBR Partners LLC boosted its position in shares of Sunoco Logistics Partners by 50.0% during the 2nd quarter. BBR Partners LLC now owns 44,250 shares of the pipeline company’s stock valued at $902,000 after acquiring an additional 14,750 shares during the last quarter. Hedge funds and other institutional investors own 58.45% of the company’s stock.

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A number of analysts have recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and set a $26.00 price target on shares of Sunoco Logistics Partners in a research report on Friday, July 14th. Robert W. Baird reiterated a “buy” rating and set a $29.00 price target on shares of Sunoco Logistics Partners in a research report on Thursday, August 24th. Scotiabank set a $28.00 price target on Sunoco Logistics Partners and gave the company a “buy” rating in a research report on Friday, July 21st. BMO Capital Markets set a $26.00 price target on Sunoco Logistics Partners and gave the company a “hold” rating in a research report on Monday, June 5th. Finally, Zacks Investment Research downgraded Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Three 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. The company has a consensus rating of “Buy” and an average target price of $30.74.

Shares of Sunoco Logistics Partners LP (NYSE:ETP) traded up 1.04% during trading on Friday, reaching $18.49. The company’s stock had a trading volume of 15,161,032 shares. The company has a 50 day moving average of $19.06 and a 200-day moving average of $21.47. Sunoco Logistics Partners LP has a 12-month low of $17.85 and a 12-month high of $29.76. The stock’s market cap is $20.33 billion.

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 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 net margin of 3.57% and a return on equity of 4.67%. Sunoco Logistics Partners’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. Analysts forecast that Sunoco Logistics Partners LP will post $0.53 EPS for the current year.

In related news, 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 directly owns 45,245 shares of the company’s stock, valued at $881,825.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kelcy L. Warren acquired 1,000,000 shares of the stock in a transaction dated Thursday, July 6th. The stock was bought at an average cost of $20.33 per share, with a total value of $20,330,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,031,646 shares in the company, valued at $20,973,363.18. The disclosure for this purchase can be found here. Insiders bought a total of 2,002,000 shares of company stock valued at $39,018,980 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.

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

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