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Grab This Cheap Energy Stock With 4.4% Yield Even Lower Than CFO and Treasurer Gvazdauskas Did

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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on June 10, Sunoco Logistics Partners L.P.'s CFO and Treasurer, Peter J. Gvazdauskas, invested $109,038.89 into 2,800 shares of SXL, for a cost per share of $38.94. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

Click here to find out which 9 other energy stock bargains you can buy cheaper than insiders, at EnergyStockChannel.com »

In trading on Thursday, bargain hunters could buy shares of Sunoco Logistics Partners L.P. (NYSE: SXL) and achieve a cost basis 1.6% cheaper than Gvazdauskas, with shares changing hands as low as $38.32 per share. Sunoco Logistics Partners L.P. shares are currently trading off about 0.2% on the day. The chart below shows the one year performance of SXL shares, versus its 200 day moving average:

Looking at the chart above, SXL's low point in its 52 week range is $35.61 per share, with $52.47 as the 52 week high point — that compares with a last trade of $38.41. By comparison, below is a table showing the prices at which SXL insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
06/10/2015 Peter J. Gvazdauskas CFO and Treasurer 2,800 $38.94 $109,038.89

The current annualized dividend paid by Sunoco Logistics Partners L.P. is $1.676/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/07/2015. Below is a long-term dividend history chart for SXL, which can be of good help in judging whether the most recent dividend with approx. 4.4% annualized yield is likely to continue.

According to the ETF Finder at ETFChannel.com, SXL makes up 4.76% of the MLP ETF (AMEX: MLPA) which is trading lower by about 0.2% on the day Thursday.


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