Sunoco Logistics Partners (NYSE:ETP) Earns Daily Media Sentiment Rating of 0.14

Solenn Plantier
Juillet 18, 2017

Gabelli Funds Lc invested in 0.01% or 90,900 shares.

A number of other hedge funds have also recently made changes to their positions in SUN. Groesbeck Investment Management Corp NJ raised its stake in Sunoco by 22.4% in the first quarter. Texas Yale Capital Corp. now owns 21,850 shares of the oil and gas company's stock worth $528,000 after buying an additional 6,500 shares in the last quarter. OppenheimerFunds Inc. increased its position in Sunoco by 1.0% in the first quarter. The institutional investor bought 31,635 shares of the pipeline company's stock, valued at approximately $1,156,000.

In related news, CEO Kelcy L. Warren purchased 1,000,000 shares of Sunoco Logistics Partners stock in a transaction dated Thursday, July 6th. In the last quarter, insiders purchased 1,015,023 shares of company stock worth $20,625,483. Van ECK Associates Corp raised its position in shares of Sunoco by 55.8% in the first quarter. JPMorgan Chase & Co. now owns 461,671 shares of the oil and gas company's stock valued at $11,158,000 after buying an additional 388,951 shares during the last quarter.

Sunoco LP (SUN) traded up 0.62% during trading on Friday, reaching $30.86. Burke & Herbert Bank & Trust Co. now owns 9,311 shares of the pipeline company's stock worth $340,000 after buying an additional 94 shares during the last quarter. Sunoco Logistics Partners LP has a 12 month low of $18.31 and a 12 month high of $31.49. The company's 50 day moving average is $30.15 and its 200-day moving average is $27.86. The stock's market cap is $3.58 billion. Cypress Asset Management Inc. "DE Buys Shares of 13,650 Sunoco Logistics Partners LP (ETP)" was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was stolen and republished in violation of USA and worldwide copyright & trademark laws. The correct version of this news story can be viewed at https://www.thestockobserver.com/2017/07/16/somewhat-favorable-media-coverage-likely-to-affect-sunoco-logistics-partners-etp-share-price-updated-updated.html.

Investment analysts at Jefferies Group lifted their FY2018 earnings per share estimates for Sunoco in a research note issued on Wednesday. FBR & Co raised their price target on shares of Sunoco from $28.00 to $29.00 and gave the stock a "mkt perform" rating in a research report on Wednesday, April 12th. Royal Bank Of Canada reissued a "buy" rating on shares of Sunoco Logistics Partners in a research note on Friday, April 21st. Deutsche Bank AG upgraded Sunoco from a "hold" rating to a "buy" rating in a report on Thursday. Vetr raised Sunoco from a "sell" rating to a "hold" rating and set a $30.04 price objective for the company in a research report on Tuesday, April 11th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Finally, Wells Fargo & Company restated 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. Sunoco Logistics Partners earned a media sentiment score of 0.22 on Accern's scale. Also, Director David K. Skidmore bought 2,000 shares of the company's stock in a transaction dated Monday, June 26th. The shares were acquired at an average price of $23.19 per share, for a total transaction of $70,103.37. Following the completion of the purchase, the director now owns 67,633 shares of the company's stock, valued at approximately $1,568,409.27. The disclosure for this purchase can be found here. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 173,936 shares of the oil and gas company's stock valued at $4,204,000 after buying an additional 45,039 shares during the last quarter. Corporate insiders own 3.74% of the company's stock.

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).

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