Barton Investment Management bought a new stake in shares of Sunoco Logistics Partners LP (NYSE:ETP) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 14,189 shares of the pipeline company’s stock, valued at approximately $260,000.

Several other large investors also recently made changes to their positions in the stock. Whitnell & Co. raised its holdings in shares of Sunoco Logistics Partners by 2.6% during the 2nd quarter. Whitnell & Co. now owns 9,000 shares of the pipeline company’s stock valued at $184,000 after buying an additional 231 shares during the period. Duncker Streett & Co. Inc. raised its holdings in shares of Sunoco Logistics Partners by 17.9% during the 2nd 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 period. Colonial Trust Advisors raised its holdings in shares of Sunoco Logistics Partners by 11.2% during the 2nd quarter. Colonial Trust Advisors now owns 10,763 shares of the pipeline company’s stock valued at $219,000 after buying an additional 1,088 shares during the period. Edmp Inc. raised its holdings in shares of Sunoco Logistics Partners by 25.0% during the 2nd quarter. Edmp Inc. now owns 10,156 shares of the pipeline company’s stock valued at $207,000 after buying an additional 2,031 shares during the period. Finally, Atria Investments LLC raised its holdings in shares of Sunoco Logistics Partners by 15.4% during the 2nd quarter. Atria Investments LLC now owns 17,395 shares of the pipeline company’s stock valued at $355,000 after buying an additional 2,327 shares during the period. Institutional investors and hedge funds own 58.32% of the company’s stock.

Shares of Sunoco Logistics Partners LP (NYSE:ETP) traded up 2.24% during midday trading on Wednesday, hitting $17.80. The stock had a trading volume of 2,968,828 shares. Sunoco Logistics Partners LP has a 12-month low of $16.06 and a 12-month high of $27.99. The firm has a 50-day moving average of $18.18 and a 200 day moving average of $20.17. The firm’s market cap is $19.57 billion.

Sunoco Logistics Partners (NYSE:ETP) last posted its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.21). The firm had revenue of $6.58 billion during the quarter, compared to analyst estimates of $7.24 billion. Sunoco Logistics Partners had a net margin of 3.57% and a return on equity of 4.67%. The company’s revenue was up 24.3% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. On average, analysts expect that Sunoco Logistics Partners LP will post $0.58 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th will be issued a $0.565 dividend. This is a boost from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. The ex-dividend date is Monday, November 6th. This represents a $2.26 annualized dividend and a yield of 12.98%. Sunoco Logistics Partners’s dividend payout ratio is 440.00%.

In other news, CEO Kelcy L. Warren purchased 1,000,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was purchased at an average price of $18.65 per share, with a total value of $18,650,000.00. Following the acquisition, the chief executive officer now directly owns 2,031,646 shares in the company, valued at approximately $37,890,197.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.74% of the company’s stock.

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Several brokerages recently commented on ETP. Zacks Investment Research downgraded Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BMO Capital Markets set a $26.00 price objective on Sunoco Logistics Partners and gave the stock a “hold” rating in a report on Friday, August 18th. BidaskClub upgraded Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and set a $26.00 price objective on shares of Sunoco Logistics Partners in a report on Friday, July 14th. Finally, Citigroup Inc. dropped their price objective 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, three have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $27.49.

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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