Moloney Securities Asset Management LLC Takes Position in Sunoco Logistics Partners LP (ETP)

Moloney Securities Asset Management LLC purchased a new stake in shares of Sunoco Logistics Partners LP (NYSE:ETP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,223 shares of the pipeline company’s stock, valued at approximately $333,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Whitnell & Co. raised its position in Sunoco Logistics Partners by 2.6% during the second quarter. Whitnell & Co. now owns 9,000 shares of the pipeline company’s stock valued at $184,000 after purchasing an additional 231 shares in the last quarter. Duncker Streett & Co. Inc. raised its position in Sunoco Logistics Partners by 17.9% during the second quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock valued at $106,000 after purchasing an additional 785 shares in the last quarter. Colonial Trust Advisors raised its position in Sunoco Logistics Partners by 11.2% during the second quarter. Colonial Trust Advisors now owns 10,763 shares of the pipeline company’s stock valued at $219,000 after purchasing an additional 1,088 shares in the last quarter. Edmp Inc. raised its position in Sunoco Logistics Partners by 25.0% during the second quarter. Edmp Inc. now owns 10,156 shares of the pipeline company’s stock valued at $207,000 after purchasing an additional 2,031 shares in the last quarter. Finally, Atria Investments LLC raised its position in Sunoco Logistics Partners by 15.4% during the second quarter. Atria Investments LLC now owns 17,395 shares of the pipeline company’s stock valued at $355,000 after purchasing an additional 2,327 shares in the last quarter. Institutional investors and hedge funds own 58.49% of the company’s stock.

In other news, CEO Kelcy L. Warren acquired 1,000,000 shares of Sunoco Logistics Partners stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average cost 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 approximately $37,890,197.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is currently owned by corporate insiders.

A number of equities research analysts have weighed in on the company. Jefferies Group LLC restated a “buy” rating and set a $26.00 price target on shares of Sunoco Logistics Partners in a research report on Friday, July 14th. BidaskClub downgraded 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 target on Sunoco Logistics Partners and gave the company a “hold” rating in a research report on Friday, August 18th. Scotiabank set a $28.00 price target on Sunoco Logistics Partners and gave the company a “buy” rating in a research report on Friday, July 21st. Finally, Zacks Investment Research downgraded Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $27.49.

TRADEMARK VIOLATION WARNING: “Moloney Securities Asset Management LLC Takes Position in Sunoco Logistics Partners LP (ETP)” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://ledgergazette.com/2017/10/20/moloney-securities-asset-management-llc-takes-position-in-sunoco-logistics-partners-lp-etp.html.

Sunoco Logistics Partners LP (NYSE ETP) traded down 1.63% during mid-day trading on Friday, hitting $17.54. The company had a trading volume of 3,777,876 shares. The stock has a 50 day moving average price of $18.58 and a 200-day moving average price of $20.60. The stock’s market capitalization is $19.29 billion. Sunoco Logistics Partners LP has a 1-year low of $17.43 and a 1-year high of $27.99.

Sunoco Logistics Partners (NYSE:ETP) last announced its earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.21). The business had revenue of $6.58 billion for the quarter, compared to analysts’ expectations of $7.24 billion.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Whitnell & Co. raised its position in Sunoco Logistics Partners by 2.6% during the second quarter. Whitnell & Co. now owns 9,000 shares of the pipeline company’s stock valued at $184,000 after purchasing an additional 231 shares in the last quarter. Duncker Streett & Co. Inc. raised its position in Sunoco Logistics Partners by 17.9% during the second quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock valued at $106,000 after purchasing an additional 785 shares in the last quarter. Colonial Trust Advisors raised its position in Sunoco Logistics Partners by 11.2% during the second quarter. Colonial Trust Advisors now owns 10,763 shares of the pipeline company’s stock valued at $219,000 after purchasing an additional 1,088 shares in the last quarter. Edmp Inc. raised its position in Sunoco Logistics Partners by 25.0% during the second quarter. Edmp Inc. now owns 10,156 shares of the pipeline company’s stock valued at $207,000 after purchasing an additional 2,031 shares in the last quarter. Finally, Atria Investments LLC raised its position in Sunoco Logistics Partners by 15.4% during the second quarter. Atria Investments LLC now owns 17,395 shares of the pipeline company’s stock valued at $355,000 after purchasing an additional 2,327 shares in the last quarter. Institutional investors and hedge funds own 58.49% of the company’s stock.

In other news, CEO Kelcy L. Warren acquired 1,000,000 shares of Sunoco Logistics Partners stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average cost 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 approximately $37,890,197.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is currently owned by corporate insiders.

A number of equities research analysts have weighed in on the company. Jefferies Group LLC restated a “buy” rating and set a $26.00 price target on shares of Sunoco Logistics Partners in a research report on Friday, July 14th. BidaskClub downgraded 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 target on Sunoco Logistics Partners and gave the company a “hold” rating in a research report on Friday, August 18th. Scotiabank set a $28.00 price target on Sunoco Logistics Partners and gave the company a “buy” rating in a research report on Friday, July 21st. Finally, Zacks Investment Research downgraded Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $27.49.

TRADEMARK VIOLATION WARNING: “Moloney Securities Asset Management LLC Takes Position in Sunoco Logistics Partners LP (ETP)” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://ledgergazette.com/2017/10/20/moloney-securities-asset-management-llc-takes-position-in-sunoco-logistics-partners-lp-etp.html.

Sunoco Logistics Partners LP (NYSE ETP) traded down 1.63% during mid-day trading on Friday, hitting $17.54. The company had a trading volume of 3,777,876 shares. The stock has a 50 day moving average price of $18.58 and a 200-day moving average price of $20.60. The stock’s market capitalization is $19.29 billion. Sunoco Logistics Partners LP has a 1-year low of $17.43 and a 1-year high of $27.99.

Sunoco Logistics Partners (NYSE:ETP) last announced its earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.21). The business had revenue of $6.58 billion for the quarter, compared to analysts’ expectations of $7.24 billion. Sunoco Logistics Partners had a net margin of 3.57% and a return on equity of 4.67%. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share. On average, analysts forecast that Sunoco Logistics Partners LP will post $0.57 earnings per share for the current year.

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.

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

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