Moors & Cabot Inc. boosted its stake in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 39.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 142,551 shares of the pipeline company’s stock after purchasing an additional 40,574 shares during the period. Moors & Cabot Inc.’s holdings in Sunoco Logistics Partners were worth $2,902,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ETP. V Wealth Management LLC purchased a new position in Sunoco Logistics Partners during the second quarter valued at approximately $106,000. Duncker Streett & Co. Inc. grew its position 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 valued at $106,000 after purchasing an additional 785 shares in the last quarter. Ffcm LLC grew its position in Sunoco Logistics Partners by 433.9% during the second quarter. Ffcm LLC now owns 5,526 shares of the pipeline company’s stock valued at $115,000 after purchasing an additional 4,491 shares in the last quarter. Fiduciary Trust Co. purchased a new position in Sunoco Logistics Partners during the second quarter valued at approximately $119,000. Finally, Oakworth Capital Inc. grew its position 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 valued at $120,000 after purchasing an additional 3,219 shares in the last quarter. 58.47% of the stock is currently owned by hedge funds and other institutional investors.

ETP has been the topic of a number of research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $26.00 price objective on shares of Sunoco Logistics Partners in a research report on Friday, July 14th. Stifel Nicolaus lowered their price objective on shares of Sunoco Logistics Partners from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Scotiabank set a $28.00 price objective on shares of Sunoco Logistics Partners and gave the company a “buy” rating in a research report on Friday, July 21st. Deutsche Bank AG lowered their price objective on shares of Sunoco Logistics Partners from $47.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, June 21st. Finally, Citigroup Inc. lowered their price objective on shares of Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, August 15th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Sunoco Logistics Partners has an average rating of “Buy” and an average price target of $29.49.

In other news, CEO Kelcy L. Warren bought 1,000,000 shares of the firm’s stock in a transaction that occurred 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 purchase, the chief executive officer now owns 2,031,646 shares of the company’s stock, valued at $37,890,197.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is currently owned by company insiders.

Sunoco Logistics Partners LP (NYSE:ETP) traded up 0.11% during mid-day trading on Friday, reaching $18.54. 4,843,453 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $18.61 and a 200 day moving average price of $20.96. Sunoco Logistics Partners LP has a 52-week low of $17.85 and a 52-week high of $27.99. The company’s market cap is $20.39 billion.

Sunoco Logistics Partners (NYSE:ETP) last issued its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.21). Sunoco Logistics Partners had a return on equity of 4.67% and a net margin of 3.57%. The business had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same period in the prior year, the business earned $0.10 earnings per share. Sunoco Logistics Partners’s revenue was up 24.3% compared to the same quarter last year. Equities analysts predict that Sunoco Logistics Partners LP will post $0.57 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Sunoco Logistics Partners LP (ETP) Shares Bought by Moors & Cabot Inc.” was first posted by Watch List News and is owned by of Watch List News. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.watchlistnews.com/sunoco-logistics-partners-lp-etp-shares-bought-by-moors-cabot-inc/1615825.html.

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.

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

Receive News & Ratings for Sunoco Logistics Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco Logistics Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.