First Capital Advisors Group LLC. boosted its position in Sunoco Logistics Partners LP (NYSE:ETP) by 64.2% during the second quarter, Holdings Channel reports. The fund owned 42,545 shares of the pipeline company’s stock after buying an additional 16,632 shares during the period. First Capital Advisors Group LLC.’s holdings in Sunoco Logistics Partners were worth $867,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Sheets Smith Wealth Management boosted its stake in Sunoco Logistics Partners by 0.3% in the first quarter. Sheets Smith Wealth Management now owns 13,128 shares of the pipeline company’s stock worth $479,000 after buying an additional 39 shares in the last quarter. Concert Wealth Management Inc. boosted its stake in Sunoco Logistics Partners by 0.4% in the first quarter. Concert Wealth Management Inc. now owns 11,752 shares of the pipeline company’s stock worth $420,000 after buying an additional 50 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in Sunoco Logistics Partners by 0.4% in the first quarter. Stratos Wealth Partners LTD. now owns 24,930 shares of the pipeline company’s stock worth $910,000 after buying an additional 91 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Sunoco Logistics Partners by 1.1% in the first quarter. Raymond James Trust N.A. now owns 10,086 shares of the pipeline company’s stock worth $369,000 after buying an additional 108 shares in the last quarter. Finally, Fairfield Bush & CO. boosted its stake in Sunoco Logistics Partners by 0.3% in the first quarter. Fairfield Bush & CO. now owns 50,188 shares of the pipeline company’s stock worth $1,833,000 after buying an additional 158 shares in the last quarter. 66.78% of the stock is currently owned by institutional investors and hedge funds.

Sunoco Logistics Partners LP (ETP) opened at 19.83 on Friday. The stock’s market cap is $21.67 billion. Sunoco Logistics Partners LP has a 12-month low of $18.31 and a 12-month high of $31.49. The stock’s 50 day moving average price is $20.20 and its 200 day moving average price is $22.90.

Sunoco Logistics Partners (NYSE:ETP) last posted its earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.17 by $0.21. The business had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $7.24 billion. Sunoco Logistics Partners had a return on equity of 7.27% and a net margin of 3.57%. The company’s revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share. Analysts forecast that Sunoco Logistics Partners LP will post $0.69 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, August 3rd. This is an increase from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 11.09%. Sunoco Logistics Partners’s payout ratio is presently 440.00%.

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A number of equities research analysts recently issued reports on ETP shares. BMO Capital Markets reissued a “hold” rating and issued a $39.00 price target on shares of Sunoco Logistics Partners in a research note on Monday, April 17th. Royal Bank Of Canada reissued a “buy” rating on shares of Sunoco Logistics Partners in a research note on Friday, April 21st. Citigroup Inc. reissued a “buy” rating and issued a $30.00 price target on shares of Sunoco Logistics Partners in a research note on Thursday, April 27th. Credit Suisse Group cut shares of Sunoco Logistics Partners from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $31.00 to $27.00 in a research note on Monday, May 1st. Finally, Robert W. Baird raised shares of Sunoco Logistics Partners from a “neutral” rating to an “outperform” rating and set a $30.00 price target on the stock in a research note on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $32.32.

In other Sunoco Logistics Partners news, CEO Kelcy L. Warren bought 1,000,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 1,031,646 shares in the company, valued at approximately $20,973,363.18. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael K. Grimm bought 3,023 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average cost of $23.19 per share, with a total value of $70,103.37. Following the completion of the transaction, the director now owns 67,633 shares of the company’s stock, valued at $1,568,409.27. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 1,015,023 shares of company stock valued at $20,625,483. 0.17% of the stock is currently owned by insiders.

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

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