Colonial Trust Advisors Has $219,000 Position in Sunoco Logistics Partners LP (ETP)
Colonial Trust Advisors increased its stake in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 11.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,763 shares of the pipeline company’s stock after purchasing an additional 1,088 shares during the period. Colonial Trust Advisors’ holdings in Sunoco Logistics Partners were worth $219,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in ETP. V Wealth Management LLC acquired a new stake in shares of Sunoco Logistics Partners during the second quarter worth $106,000. Duncker Streett & Co. Inc. lifted its holdings in 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 worth $106,000 after acquiring an additional 785 shares in the last quarter. Ffcm LLC lifted its holdings in Sunoco Logistics Partners by 433.9% during the second quarter. Ffcm LLC now owns 5,526 shares of the pipeline company’s stock worth $115,000 after acquiring an additional 4,491 shares in the last quarter. Fiduciary Trust Co. bought a new position in Sunoco Logistics Partners during the second quarter worth about $119,000. Finally, Oakworth Capital Inc. lifted its holdings in Sunoco Logistics Partners by 121.2% during the second quarter. Oakworth Capital Inc. now owns 5,876 shares of the pipeline company’s stock worth $120,000 after acquiring an additional 3,219 shares in the last quarter. 58.47% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on the company. BidaskClub upgraded Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Jefferies Group LLC reiterated a “buy” rating and set a $26.00 target price on shares of Sunoco Logistics Partners in a report on Friday, July 14th. Stifel Nicolaus reduced their target price on Sunoco Logistics Partners from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, July 13th. Finally, Scotiabank set a $28.00 target price on Sunoco Logistics Partners and gave the stock a “buy” rating in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $29.49.
In other news, CEO Kelcy L. Warren bought 1,000,000 shares of Sunoco Logistics Partners stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $18.65 per share, for a total transaction of $18,650,000.00. Following the purchase, the chief executive officer now directly owns 2,031,646 shares in the company, valued at approximately $37,890,197.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.17% of the company’s stock.
Shares of Sunoco Logistics Partners LP (ETP) traded down 0.837% during mid-day trading on Friday, hitting $18.365. The stock had a trading volume of 1,012,102 shares. Sunoco Logistics Partners LP has a 1-year low of $17.85 and a 1-year high of $27.99. The firm’s 50 day moving average price is $18.61 and its 200 day moving average price is $20.99. The company’s market cap is $20.19 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 Thomson Reuters’ consensus estimate of $0.17 by ($0.21). The firm had revenue of $6.58 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. Analysts predict that Sunoco Logistics Partners LP will post $0.57 earnings per share for the current fiscal year.
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.
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