Equities research analysts at Wolfe Research initiated coverage on shares of Sunoco Logistics Partners L.P. (NYSE:SXL) in a report issued on Friday. The firm set a “sell” rating and a $26.00 price target on the stock.

Other research analysts have also issued reports about the company. Morgan Stanley started coverage on Sunoco Logistics Partners L.P. in a research report on Monday, August 15th. They issued an “equal weight” rating and a $33.00 price target for the company. Mitsubishi UFJ Financial Group lowered Sunoco Logistics Partners L.P. from an “overweight” rating to a “neutral” rating and set a $34.00 price target for the company. in a research report on Thursday, August 4th. Citigroup Inc. lowered Sunoco Logistics Partners L.P. to a “neutral” rating and reduced their price target for the stock from $38.00 to $34.00 in a research report on Friday, August 5th. They noted that the move was a valuation call. Mizuho started coverage on Sunoco Logistics Partners L.P. in a research report on Thursday, September 29th. They issued a “neutral” rating and a $30.00 price target for the company. Finally, Stephens started coverage on Sunoco Logistics Partners L.P. in a research report on Thursday, September 29th. They issued an “overweight” rating and a $35.00 price target for the company. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of C$32.56.

Analyst Recommendations for Sunoco Logistics Partners L.P. (NYSE:SXL)

Shares of Sunoco Logistics Partners L.P. (NYSE:SXL) traded down 0.77% on Friday, reaching $27.13. The company’s stock had a trading volume of 1,695,691 shares. The firm has a 50 day moving average price of $29.01 and a 200-day moving average price of $28.09. Sunoco Logistics Partners L.P. has a 12-month low of $15.43 and a 12-month high of $32.18. The stock has a market cap of $8.34 billion, a PE ratio of 98.65 and a beta of 0.86.

Sunoco Logistics Partners L.P. (NYSE:SXL) last issued its earnings results on Wednesday, August 3rd. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.22. The firm earned $2.27 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. Sunoco Logistics Partners L.P.’s quarterly revenue was down 29.2% compared to the same quarter last year. Equities research analysts expect that Sunoco Logistics Partners L.P. will post $1.02 EPS for the current year.

Several hedge funds have recently modified their holdings of SXL. Financial Architects Inc increased its stake in shares of Sunoco Logistics Partners L.P. by 0.8% in the second quarter. Financial Architects Inc now owns 3,497 shares of the company’s stock worth $101,000 after buying an additional 28 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Sunoco Logistics Partners L.P. by 1.8% in the second quarter. Chicago Partners Investment Group LLC now owns 4,204 shares of the company’s stock worth $121,000 after buying an additional 73 shares during the last quarter. Bollard Group LLC increased its stake in shares of Sunoco Logistics Partners L.P. by 1.8% in the second quarter. Bollard Group LLC now owns 5,441 shares of the company’s stock worth $156,000 after buying an additional 95 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of Sunoco Logistics Partners L.P. by 4.4% in the second quarter. CENTRAL TRUST Co now owns 5,016 shares of the company’s stock worth $144,000 after buying an additional 210 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Sunoco Logistics Partners L.P. by 2.3% in the second quarter. Signaturefd LLC now owns 19,825 shares of the company’s stock worth $570,000 after buying an additional 450 shares in the last quarter.

Sunoco Logistics Partners L.P. Company Profile

Sunoco Logistics Partners L.P. owns and operates a logistics business. The Company is engaged in the transport, terminalling 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. In addition to logistics services, it also owns acquisition and marketing assets, which are used to facilitate the purchase and sale of crude oil, refined products and NGLs.

5 Day Chart for NYSE:SXL

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