Fairfield Bush & CO. Buys 25,178 Shares of Sunoco Logistics Partners LP (ETP)

Fairfield Bush & CO. lifted its stake in Sunoco Logistics Partners LP (NYSE:ETP) by 50.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,366 shares of the pipeline company’s stock after purchasing an additional 25,178 shares during the period. Fairfield Bush & CO.’s holdings in Sunoco Logistics Partners were worth $1,537,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Whitnell & Co. boosted its position in shares of Sunoco Logistics Partners by 2.6% in the 2nd quarter. Whitnell & Co. now owns 9,000 shares of the pipeline company’s stock worth $184,000 after purchasing an additional 231 shares during the last quarter. Duncker Streett & Co. Inc. boosted its position in shares of Sunoco Logistics Partners by 17.9% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock worth $106,000 after purchasing an additional 785 shares during the last quarter. Colonial Trust Advisors boosted its position in shares of Sunoco Logistics Partners by 11.2% in the 2nd quarter. Colonial Trust Advisors now owns 10,763 shares of the pipeline company’s stock worth $219,000 after purchasing an additional 1,088 shares during the last quarter. Edmp Inc. boosted its position in shares of Sunoco Logistics Partners by 25.0% in the 2nd quarter. Edmp Inc. now owns 10,156 shares of the pipeline company’s stock worth $207,000 after purchasing an additional 2,031 shares during the last quarter. Finally, National Asset Management Inc. boosted its position in shares of Sunoco Logistics Partners by 28.7% in the 1st quarter. National Asset Management Inc. now owns 9,145 shares of the pipeline company’s stock worth $335,000 after purchasing an additional 2,038 shares during the last quarter. Institutional investors and hedge funds own 58.47% of the company’s stock.

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Shares of Sunoco Logistics Partners LP (NYSE ETP) traded up 0.9029% during mid-day trading on Tuesday, hitting $18.5056. The stock had a trading volume of 1,260,560 shares. The firm’s 50 day moving average price is $18.61 and its 200 day moving average price is $20.88. Sunoco Logistics Partners LP has a 1-year low of $17.85 and a 1-year high of $27.99. The company’s market cap is $20.35 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 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 business had revenue of $6.58 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same quarter in the previous year, the business posted $0.10 earnings per share. The business’s revenue was up 24.3% on a year-over-year basis. Analysts predict that Sunoco Logistics Partners LP will post $0.57 earnings per share for the current fiscal year.

In related news, CEO Kelcy L. Warren acquired 1,000,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were bought at an average price of $18.65 per share, with a total value of $18,650,000.00. Following the transaction, the chief executive officer now directly owns 2,031,646 shares of the company’s stock, valued at $37,890,197.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.74% of the stock is owned by corporate insiders.

Several research analysts have recently issued reports on ETP shares. Jefferies Group LLC restated a “buy” rating and issued a $26.00 price target on shares of Sunoco Logistics Partners in a research report on Friday, July 14th. Stifel Nicolaus reduced their price target on 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 target on Sunoco Logistics Partners and gave the stock a “buy” rating in a research report on Friday, July 21st. Deutsche Bank AG reduced their price target on 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. reduced their target price on Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, August 15th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $28.60.

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)

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