Investors purchased shares of Sunoco Logistics Partners LP (NYSE:ETP) on weakness during trading hours on Friday. $35.10 million flowed into the stock on the tick-up and $16.51 million flowed out of the stock on the tick-down, for a money net flow of $18.59 million into the stock. Of all stocks tracked, Sunoco Logistics Partners had the 17th highest net in-flow for the day. Sunoco Logistics Partners traded down ($0.54) for the day and closed at $19.95
ETP has been the topic of a number of recent analyst reports. Scotiabank reaffirmed a “buy” rating and issued a $28.00 target price on shares of Sunoco Logistics Partners in a research report on Monday, April 3rd. Vetr raised shares of Sunoco Logistics Partners from a “hold” rating to a “strong-buy” rating and set a $42.84 target price on the stock in a research report on Monday, April 10th. US Capital Advisors reaffirmed an “overweight” rating on shares of Sunoco Logistics Partners in a research report on Friday, April 7th. BMO Capital Markets reaffirmed a “hold” rating and issued a $39.00 target price on shares of Sunoco Logistics Partners in a research report on Monday, April 17th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Sunoco Logistics Partners in a research report on Friday, April 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $32.94.
The stock’s market cap is $11.03 billion. The firm has a 50 day moving average price of $20.27 and a 200-day moving average price of $23.31.
In related news, Director David K. Skidmore purchased 2,000 shares of Sunoco Logistics Partners stock in a transaction that occurred on Monday, June 26th. The shares were purchased at an average cost of $19.49 per share, with a total value of $38,980.00. Following the transaction, the director now owns 45,245 shares of the company’s stock, valued at approximately $881,825.05. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David K. Skidmore purchased 10,000 shares of Sunoco Logistics Partners stock in a transaction that occurred on Thursday, June 22nd. The shares were bought at an average cost of $18.64 per share, for a total transaction of $186,400.00. Following the completion of the transaction, the director now directly owns 45,245 shares in the company, valued at approximately $843,366.80. The disclosure for this purchase can be found here. Insiders bought a total of 1,015,023 shares of company stock worth $20,625,483 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Oxbow Advisors LLC raised its position in Sunoco Logistics Partners by 50.0% in the second quarter. Oxbow Advisors LLC now owns 32,384 shares of the pipeline company’s stock valued at $660,000 after buying an additional 10,795 shares during the period. WealthTrust Arizona LLC raised its position in Sunoco Logistics Partners by 50.0% in the second quarter. WealthTrust Arizona LLC now owns 16,950 shares of the pipeline company’s stock valued at $346,000 after buying an additional 5,650 shares during the period. Copeland Capital Management LLC bought a new position in Sunoco Logistics Partners during the second quarter valued at approximately $3,030,000. Taylor Wealth Management Partners raised its position in Sunoco Logistics Partners by 62.2% in the second quarter. Taylor Wealth Management Partners now owns 175,102 shares of the pipeline company’s stock valued at $3,570,000 after buying an additional 67,167 shares during the period. Finally, Duncker Streett & Co. Inc. raised its position 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 period. 66.78% of the stock is currently owned by hedge funds and other institutional investors.
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.
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