National Asset Management Inc. boosted its holdings in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 54.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,136 shares of the pipeline company’s stock after acquiring an additional 4,991 shares during the period. National Asset Management Inc.’s holdings in Sunoco Logistics Partners were worth $289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. V Wealth Management LLC purchased a new position in Sunoco Logistics Partners during the 2nd quarter valued at about $106,000. Duncker Streett & Co. Inc. lifted its position in Sunoco Logistics Partners by 17.9% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock valued at $106,000 after acquiring an additional 785 shares during the period. Ffcm LLC lifted its position in Sunoco Logistics Partners by 433.9% during the 2nd quarter. Ffcm LLC now owns 5,526 shares of the pipeline company’s stock valued at $115,000 after acquiring an additional 4,491 shares during the period. Fiduciary Trust Co. purchased a new position in Sunoco Logistics Partners during the 2nd quarter valued at about $119,000. Finally, Oakworth Capital Inc. lifted its position in Sunoco Logistics Partners by 121.2% during the 2nd quarter. Oakworth Capital Inc. now owns 5,876 shares of the pipeline company’s stock valued at $120,000 after acquiring an additional 3,219 shares during the period. 58.49% of the stock is owned by institutional investors.

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Sunoco Logistics Partners LP (NYSE ETP) traded down 0.38% during mid-day trading on Monday, reaching $18.32. 345,604 shares of the company’s stock were exchanged. The company’s 50-day moving average is $18.64 and its 200 day moving average is $20.73. Sunoco Logistics Partners LP has a one year low of $17.85 and a one year high of $27.99. The firm’s market capitalization is $20.15 billion.

Sunoco Logistics Partners (NYSE:ETP) last released its quarterly earnings results 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). The firm 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 quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. Equities analysts predict that Sunoco Logistics Partners LP will post $0.57 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the stock. Mizuho set a $26.00 price target on shares of Sunoco Logistics Partners and gave the company a “buy” rating in a research report on Sunday. 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 company 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. Finally, Jefferies Group LLC reissued a “buy” rating and set a $26.00 price target on shares of Sunoco Logistics Partners in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $28.30.

In other news, CEO Kelcy L. Warren purchased 1,000,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average cost of $18.65 per share, with a total value of $18,650,000.00. Following the completion of the transaction, the chief executive officer now owns 2,031,646 shares in the company, valued at approximately $37,890,197.90. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.74% of the company’s stock.

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.

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

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