Sunoco Logistics Partners LP (NYSE:ETP) Shares Bought by GenTrust LLC

GenTrust LLC boosted its position in Sunoco Logistics Partners LP (NYSE:ETP) by 50.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,655 shares of the pipeline company’s stock after buying an additional 14,886 shares during the period. GenTrust LLC’s holdings in Sunoco Logistics Partners were worth $911,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. V Wealth Management LLC purchased a new stake in Sunoco Logistics Partners during the second quarter worth approximately $106,000. Duncker Streett & Co. Inc. boosted 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 worth $106,000 after buying an additional 785 shares during the period. Ledyard National Bank boosted 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 worth $117,000 after buying an additional 200 shares during the period. Oakworth Capital Inc. raised its position in Sunoco Logistics Partners by 121.2% in the second quarter. Oakworth Capital Inc. now owns 5,876 shares of the pipeline company’s stock worth $120,000 after buying an additional 3,219 shares in the last quarter. Finally, Adirondack Trust Co. raised its position in Sunoco Logistics Partners by 0.6% in the first quarter. Adirondack Trust Co. now owns 3,392 shares of the pipeline company’s stock worth $124,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 66.78% of the company’s stock.

Sunoco Logistics Partners LP (NYSE:ETP) traded down 1.30% during midday trading on Friday, hitting $18.26. 4,691,084 shares of the stock were exchanged. Sunoco Logistics Partners LP has a 52 week low of $18.18 and a 52 week high of $31.39. The stock’s market cap is $20.08 billion. The firm’s 50-day moving average is $20.06 and its 200 day moving average is $22.61.

Sunoco Logistics Partners (NYSE:ETP) last announced its earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same period in the prior year, the firm posted $0.10 earnings per share. The company’s revenue was up 24.3% on a year-over-year basis. Equities research analysts expect that Sunoco Logistics Partners LP will post $0.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This is an increase from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 12.05%. Sunoco Logistics Partners’s payout ratio is currently 440.00%.

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A number of equities analysts recently issued reports on the company. Scotiabank set a $28.00 price target on Sunoco Logistics Partners and gave the stock a “buy” rating in a report on Saturday, May 6th. Jefferies Group LLC reissued a “buy” rating and set a $26.00 price target on shares of Sunoco Logistics Partners in a report on Friday, July 14th. BidaskClub lowered Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Friday. BMO Capital Markets set a $26.00 price target on Sunoco Logistics Partners and gave the stock a “hold” rating in a report on Friday. Finally, Stifel Nicolaus raised Sunoco Logistics Partners from a “hold” rating to a “buy” rating and raised their price target for the stock from $23.00 to $25.00 in a report on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.05.

In other Sunoco Logistics Partners news, CEO Kelcy L. Warren purchased 1,000,000 shares of the stock in a transaction dated Thursday, July 6th. The stock was bought at an average price of $20.33 per share, for a total transaction of $20,330,000.00. Following the transaction, the chief executive officer now directly owns 1,031,646 shares in the company, valued at $20,973,363.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David K. Skidmore purchased 10,000 shares of the stock in a transaction dated Thursday, June 22nd. The shares were acquired at an average price of $18.64 per share, with a total value of $186,400.00. Following the transaction, the director now owns 45,245 shares in the company, valued at $843,366.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 2,012,000 shares of company stock valued at $39,205,380. Insiders own 0.17% of the company’s stock.

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.

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

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