NTV Asset Management LLC continued to hold its stake in Sunoco Logistics Partners LP (NYSE:ETP) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,000 shares of the pipeline company’s stock at the end of the second quarter. NTV Asset Management LLC’s holdings in Sunoco Logistics Partners were worth $215,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its stake in Sunoco Logistics Partners by 57.9% in the second quarter. Alps Advisors Inc. now owns 47,476,301 shares of the pipeline company’s stock worth $968,042,000 after buying an additional 17,412,412 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in Sunoco Logistics Partners by 154.3% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 43,337,625 shares of the pipeline company’s stock worth $883,654,000 after buying an additional 26,293,140 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in Sunoco Logistics Partners by 97.6% in the second quarter. Kayne Anderson Capital Advisors LP now owns 41,329,104 shares of the pipeline company’s stock worth $842,685,000 after buying an additional 20,414,761 shares in the last quarter. Morgan Stanley boosted its stake in Sunoco Logistics Partners by 12.8% in the first quarter. Morgan Stanley now owns 14,761,511 shares of the pipeline company’s stock worth $539,090,000 after buying an additional 1,675,956 shares in the last quarter. Finally, Center Coast Capital Advisors LP boosted its stake in Sunoco Logistics Partners by 251.1% in the second quarter. Center Coast Capital Advisors LP now owns 14,375,138 shares of the pipeline company’s stock worth $293,109,000 after buying an additional 10,280,243 shares in the last quarter. Institutional investors and hedge funds own 58.45% of the company’s stock.

Sunoco Logistics Partners LP (ETP) opened at 18.45 on Tuesday. The firm has a 50-day moving average price of $19.78 and a 200-day moving average price of $22.33. The firm’s market cap is $20.29 billion. Sunoco Logistics Partners LP has a 1-year low of $17.85 and a 1-year high of $31.39.

Sunoco Logistics Partners (NYSE:ETP) last released its earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.21. The firm 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%. The firm’s revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS. On average, analysts expect that Sunoco Logistics Partners LP will post $0.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 11.92%. The ex-dividend date of this dividend was Thursday, August 3rd. This is a boost from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. Sunoco Logistics Partners’s dividend payout ratio is currently 440.00%.

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Several analysts recently commented on the company. Credit Suisse Group lowered Sunoco Logistics Partners from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $31.00 to $27.00 in a research note on Monday, May 1st. BMO Capital Markets set a $26.00 price target on Sunoco Logistics Partners and gave the company a “hold” rating in a research note on Friday, August 18th. Wolfe Research reaffirmed a “market perform” rating on shares of Sunoco Logistics Partners in a research note on Friday, May 12th. Citigroup Inc. decreased their price target on Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, August 15th. Finally, Stifel Nicolaus raised Sunoco Logistics Partners from a “hold” rating to a “buy” rating and boosted their price target for the company from $23.00 to $25.00 in a research note on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Sunoco Logistics Partners has an average rating of “Buy” and a consensus price target of $30.99.

In other news, Director David K. Skidmore bought 2,000 shares of Sunoco Logistics Partners stock in a transaction that occurred on Monday, June 26th. The shares were acquired at an average price of $19.49 per share, with a total value of $38,980.00. Following the completion of the purchase, the director now directly owns 45,245 shares in the company, valued at $881,825.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kelcy L. Warren bought 1,000,000 shares of Sunoco Logistics Partners stock in a transaction that occurred on Thursday, July 6th. The stock was purchased at an average cost of $20.33 per share, for a total transaction of $20,330,000.00. Following the purchase, the chief executive officer now owns 1,031,646 shares of the company’s stock, valued at $20,973,363.18. The disclosure for this purchase can be found here. In the last three months, insiders purchased 2,012,000 shares of company stock worth $39,205,380. 3.74% of the stock is owned by insiders.

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

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