Insider Trader Watch: Sunoco Logistics Partners LP $ETP

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Sunoco Logistics Partners LP (NYSE:ETP) insider have most recently took part in a trading activity. On Jun 26, 2017 Skidmore David K, Director bought 2,000 shares having total worth of $38,980 at the price of $19.49 per share, following the transaction a total of 49,688 shares owned by Skidmore David K. Before this latest buy, Skidmore David K purchased ETP at 2 other times during the past twelve months, for a total investment of $297,949 at an average of $27.15 per share.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 2 buy trades. Furthermore, over the past 12 months , the stock was traded 4 times by insiders. an employee of the company was the buyer in 4 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 2 0 -25.52%
12 Month 4 0 -3.51%

Shares of Sunoco Logistics Partners LP (NYSE:ETP) traded up 2.43% on Jun 26, 2017, hitting $19.82. 5,765,085 shares of the company’s stock traded hands. Sunoco Logistics Partners LP has a 52 week low of $16.49 and a 52 week high of $31.47. The company’s market cap is $19,300 million.

Sunoco Logistics Partners LP (NYSE:ETP) last announced its earnings results on May 3, 2017. The company reported 0.09 earnings per share (EPS) for the quarter, lower than the consensus estimate of 0.16 by $0.07. The company had revenue of $6,895 million for the quarter, compared to the consensus estimate of $6,680 million. During the same quarter in the previous year, the company posted 0.30 earnings per share. The company’s revenue for the quarter was down 14% on a year-over-year basis.

2017-05-03 2017-02-22 2016-11-09 2016-08-03 2016-05-04 2016-02-24 2015-11-04 2015-08-05 2015-05-06 2015-02-18
earnings per share 0.09 -0.06 0.13 0.10 0.30 0.02 0.28 0.67 -0.17 -0.28
Revenue(M) 6895 6526 5531 5289 7977 5825 10616 11540 9530 13481

Energy Transfer Partners, L.P., is a Delaware limited partnership. The Company is managed by its general partner, Energy Transfer Partners GP, L.P. (‘ETP GP’), and ETP GP is managed by its general partner, Energy Transfer Partners, L.L.C. (‘ETP LLC’), which is owned by Energy Transfer Equity, L.P., another publicly traded master limited partnership (‘ETE’). The Company’s business activities are: Natural gas operations, including: natural gas midstream and intrastate transportation and storage through Southern Union and La Grange Acquisition, L.P., which conducts business under the assumed name of ETC OLP; and interstate natural gas transportation and storage through ET Interstate and Southern Union. ET Interstate is the parent company of Transwestern, ETC FEP, ETC Tiger and CrossCountry. Southern Union is the parent company of Panhandle, which provides transportation and storage services through Panhandle, Trunkline and Sea Robin transmission systems. Refined product and crude oil operations, includes: refined product and crude oil transportation through Sunoco Logistics; and retail marketing of gasoline and middle distillates through Sunoco. Other operations, includes: natural gas compression services through ETC Compression; a limited partner interest in AmeriGas; natural gas distribution operations through Southern Union; and an approximate 30% non-operating interest in a refining joint venture. The Company’s midstream segment focuses on the gathering, compression, treating, blending, processing and marketing of natural gas, and its operations are currently concentrated in the Austin Chalk trend of southeast Texas, the Permian Basin of west Texas and New Mexico, the Barnett Shale in north Texas, the Bossier Sands in east Texas, and the Uinta and Piceance Basins in Utah and Colorado. The Company’s intrastate transportation and storage business owns and operates approximately 7800 miles of natural gas transportation pipelines and three natural gas storage facilities. The Company’s propane operations extend from coast to coast with concentrations in the western, upper midwestern, northeastern and southeastern regions of the United States. The Company’s propane business has grown mainly through acquisitions of retail propane operations and, to a lesser extent, through internal growth. The Company’s competitors include major integrated oil companies, interstate and intrastate pipelines and companies that gather, compress, treat, process, transport, store and market natural gas. The Company’s operations are subject to extensive federal, state and local environmental laws and regulations that require expenditures for remediation at operating facilities and waste disposal sites.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.