IFC Holdings Incorporated FL boosted its stake in Sunoco Logistics Partners LP (NYSE:ETP) by 77.6% during the second quarter, Holdings Channel reports. The fund owned 16,315 shares of the pipeline company’s stock after buying an additional 7,128 shares during the period. IFC Holdings Incorporated FL’s holdings in Sunoco Logistics Partners were worth $331,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Ledyard National Bank raised its stake in Sunoco Logistics Partners by 6.7% in the first quarter. Ledyard National Bank now owns 3,200 shares of the pipeline company’s stock valued at $117,000 after buying an additional 200 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Sunoco Logistics Partners by 7.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,599 shares of the pipeline company’s stock valued at $168,000 after buying an additional 300 shares during the last quarter. Duncker Streett & Co. Inc. raised its stake in Sunoco Logistics Partners by 17.9% in the second quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock valued at $106,000 after buying an additional 785 shares during the last quarter. V Wealth Management LLC purchased a new stake in Sunoco Logistics Partners during the second quarter valued at about $106,000. Finally, Busey Trust CO purchased a new stake in Sunoco Logistics Partners during the first quarter valued at about $201,000. 66.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sunoco Logistics Partners LP (ETP) opened at 19.63 on Tuesday. The firm’s market cap is $21.45 billion. Sunoco Logistics Partners LP has a 12-month low of $18.31 and a 12-month high of $31.49. The firm has a 50-day moving average of $20.23 and a 200-day moving average of $22.78.

Sunoco Logistics Partners (NYSE:ETP) last announced its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.21. Sunoco Logistics Partners had a net margin of 3.57% and a return on equity of 9.69%. The business had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $7.24 billion. During the same period last year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. On average, equities analysts forecast that Sunoco Logistics Partners LP will post $0.68 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 11.21%. The ex-dividend date was Thursday, August 3rd. This is an increase from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. Sunoco Logistics Partners’s dividend payout ratio is 440.00%.

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Several equities research analysts have recently issued reports on the stock. Scotiabank set a $28.00 target price on shares of Sunoco Logistics Partners and gave the stock a “buy” rating in a research note on Saturday, May 6th. Zacks Investment Research lowered shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub raised shares of Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and set a $26.00 target price on shares of Sunoco Logistics Partners in a research note on Friday, July 14th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $32.00 target price (down from $32.50) on shares of Sunoco Logistics Partners in a research note on Monday, June 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $32.32.

In other Sunoco Logistics Partners news, Director David K. Skidmore purchased 10,000 shares of Sunoco Logistics Partners stock in a transaction on Thursday, June 22nd. The shares were bought at an average price of $18.64 per share, with a total value of $186,400.00. Following the completion of the acquisition, the director now directly owns 45,245 shares of the company’s stock, valued at $843,366.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David K. Skidmore purchased 2,000 shares of Sunoco Logistics Partners stock in a transaction on Monday, June 26th. The stock was acquired at an average cost of $19.49 per share, for a total transaction of $38,980.00. Following the acquisition, the director now directly owns 45,245 shares of the company’s stock, valued at $881,825.05. The disclosure for this purchase can be found here. Insiders acquired 1,015,023 shares of company stock worth $20,625,483 in the last ninety days. Insiders own 3.74% of the company’s stock.

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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