Sunoco Logistics Partners L.P. (NYSE:SXL)‘s stock had its “hold” rating restated by investment analysts at Jefferies Group in a research report issued on Sunday. They currently have a $30.00 price objective on the stock.

Several other research analysts have also commented on the company. Citigroup Inc. lowered Sunoco Logistics Partners L.P. to a “neutral” rating and dropped 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. Barclays PLC lifted their price target on Sunoco Logistics Partners L.P. from $33.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 16th. 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. Stephens initiated 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. Finally, TheStreet lowered Sunoco Logistics Partners L.P. from a “buy” rating to a “hold” rating in a research report on Friday, October 7th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$32.50.

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

Sunoco Logistics Partners L.P. (NYSE:SXL) opened at 26.60 on Friday. 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 $8.17 billion, a P/E ratio of 96.73 and a beta of 0.86. The firm’s 50 day moving average price is $28.54 and its 200-day moving average price is $28.17.

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

A number of institutional investors have recently modified their holdings of SXL. Financial Architects Inc raised its position 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 valued at $101,000 after buying an additional 28 shares during the last quarter. Chicago Partners Investment Group LLC raised its position 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 during the last quarter. Bollard Group LLC raised its position 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 during the last quarter. CENTRAL TRUST Co raised its position 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 during the last quarter. Finally, Signaturefd LLC raised 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 valued at $570,000 after buying an additional 450 shares during the last quarter.

About Sunoco Logistics Partners L.P.

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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