Sunoco Logistics Partners L.P. (NYSE:SXL) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other equities analysts also recently commented on SXL. Zacks Investment Research downgraded shares of Sunoco Logistics Partners L.P. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Citigroup Inc. downgraded shares of Sunoco Logistics Partners L.P. to a “neutral” rating and lowered their price objective for the company from $38.00 to $34.00 in a research note on Friday, August 5th. They noted that the move was a valuation call. Mitsubishi UFJ Financial Group downgraded shares of Sunoco Logistics Partners L.P. from an “overweight” rating to a “neutral” rating and set a $34.00 price objective for the company. in a research note on Thursday, August 4th. Morgan Stanley started coverage on shares of Sunoco Logistics Partners L.P. in a research note on Monday, August 15th. They set an “equal weight” rating and a $33.00 price objective for the company. Finally, Barclays PLC upped their price objective on shares of Sunoco Logistics Partners L.P. from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, August 16th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. Sunoco Logistics Partners L.P. has an average rating of “Hold” and an average target price of C$32.56.

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

Shares of Sunoco Logistics Partners L.P. (NYSE:SXL) traded up 2.69% on Friday, reaching $27.86. The company had a trading volume of 917,866 shares. The company’s 50-day moving average is $28.92 and its 200-day moving average is $28.17. Sunoco Logistics Partners L.P. has a one year low of $15.43 and a one year high of $32.18. The company has a market capitalization of $8.56 billion, a PE ratio of 101.31 and a beta of 0.86.

Sunoco Logistics Partners L.P. (NYSE:SXL) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.12 by $0.22. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.08 billion. The business’s revenue was down 29.2% on a year-over-year basis. During the same period last year, the company posted $0.83 earnings per share. Equities research analysts predict that Sunoco Logistics Partners L.P. will post $1.02 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Financial Architects Inc boosted its stake in 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 boosted 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 valued at $121,000 after buying an additional 73 shares in the last quarter. Bollard Group LLC boosted 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 valued at $156,000 after buying an additional 95 shares in the last quarter. CENTRAL TRUST Co boosted 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 valued at $144,000 after buying an additional 210 shares in the last quarter. Finally, Signaturefd LLC boosted its stake 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 valued at $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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