Ffcm LLC Purchases 4,491 Shares of Sunoco Logistics Partners LP (NYSE:ETP)

Ffcm LLC raised its stake in Sunoco Logistics Partners LP (NYSE:ETP) by 433.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,526 shares of the pipeline company’s stock after buying an additional 4,491 shares during the period. Ffcm LLC’s holdings in Sunoco Logistics Partners were worth $115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. boosted its position in 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 valued at $106,000 after buying an additional 785 shares during the period. V Wealth Management LLC purchased a new stake in Sunoco Logistics Partners in the 2nd quarter valued at about $106,000. Papp L Roy & Associates purchased a new stake in Sunoco Logistics Partners in the 1st quarter valued at about $210,000. Oakworth Capital Inc. boosted its position in Sunoco Logistics Partners by 121.2% in the 2nd quarter. Oakworth Capital Inc. now owns 5,876 shares of the pipeline company’s stock valued at $120,000 after buying an additional 3,219 shares during the period. Finally, Arcus Capital Partners LLC boosted its position in Sunoco Logistics Partners by 2.7% in the 1st quarter. Arcus Capital Partners LLC now owns 6,274 shares of the pipeline company’s stock valued at $229,000 after buying an additional 163 shares during the period. 58.45% of the stock is owned by institutional investors.

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In related news, CEO Kelcy L. Warren acquired 1,000,000 shares of Sunoco Logistics Partners stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average price of $18.65 per share, for a total transaction of $18,650,000.00. Following the transaction, the chief executive officer now owns 2,031,646 shares of the company’s stock, valued at $37,890,197.90. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David K. Skidmore acquired 2,000 shares of Sunoco Logistics Partners stock in a transaction dated Monday, June 26th. The shares were bought at an average price of $19.49 per share, with a total value of $38,980.00. Following the transaction, the director now directly owns 45,245 shares in the company, valued at approximately $881,825.05. The disclosure for this purchase can be found here. Insiders have bought a total of 2,002,000 shares of company stock valued at $39,018,980 in the last 90 days. Insiders own 0.17% of the company’s stock.

Several research firms have issued reports on ETP. Jefferies Group LLC reissued a “buy” rating and issued a $26.00 price objective on shares of Sunoco Logistics Partners in a research report on Friday, July 14th. BidaskClub cut shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. BMO Capital Markets set a $26.00 price objective on shares of Sunoco Logistics Partners and gave the company a “hold” rating in a research report on Friday, August 18th. Scotiabank set a $28.00 price objective on shares of Sunoco Logistics Partners and gave the company a “buy” rating in a research report on Friday, July 21st. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $32.00 price target (down previously from $32.50) on shares of Sunoco Logistics Partners in a research report on Monday, June 19th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $30.74.

Sunoco Logistics Partners LP (NYSE:ETP) opened at 18.49 on Friday. The company’s 50 day moving average is $19.06 and its 200 day moving average is $21.47. Sunoco Logistics Partners LP has a 1-year low of $17.85 and a 1-year high of $29.76. The company’s market cap is $20.33 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.21). The firm had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $7.24 billion. Sunoco Logistics Partners had a return on equity of 4.67% and a net margin of 3.57%. The firm’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. Equities research analysts forecast that Sunoco Logistics Partners LP will post $0.53 EPS for the current year.

Sunoco Logistics Partners 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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