Sunoco Logistics Partners L.P. (NYSE:SXL) – Stock analysts at Jefferies Group raised their Q3 2016 EPS estimates for shares of Sunoco Logistics Partners L.P. in a note issued to investors on Thursday. Jefferies Group analyst C. Sighinolfi now expects that the firm will post earnings of $0.12 per share for the quarter, up from their previous estimate of $0.05. Jefferies Group currently has a “Hold” rating and a $30.00 price target on the stock. Jefferies Group also issued estimates for Sunoco Logistics Partners L.P.’s FY2017 earnings at $1.12 EPS.

Several other equities research analysts have also recently weighed in on the company. Stephens started coverage on Sunoco Logistics Partners L.P. in a research note on Thursday, September 29th. They issued an “overweight” rating and a $35.00 price target on the stock. TheStreet cut Sunoco Logistics Partners L.P. from a “buy” rating to a “hold” rating in a research note on Friday, October 7th. Morgan Stanley assumed coverage on Sunoco Logistics Partners L.P. in a research note on Monday, August 15th. They issued an “equal weight” rating and a $33.00 target price on the stock. Wolfe Research assumed coverage on Sunoco Logistics Partners L.P. in a research note on Friday, October 7th. They issued a “sell” rating and a $26.00 target price on the stock. Finally, Mitsubishi UFJ Financial Group cut Sunoco Logistics Partners L.P. from an “overweight” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research note on Thursday, August 4th. Three research analysts have rated the stock with a sell rating, eight have issued 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$32.50.

Earnings History and Estimates for Sunoco Logistics Partners L.P. (NYSE:SXL)

Shares of Sunoco Logistics Partners L.P. (NYSE:SXL) opened at 26.60 on Monday. The company has a 50-day moving average price of $28.54 and a 200 day moving average price of $28.17. Sunoco Logistics Partners L.P. has a one year low of $15.43 and a one year high of $32.18. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 96.73 and a beta of 0.86.

Sunoco Logistics Partners L.P. (NYSE:SXL) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.34 earnings per share for the quarter, topping the 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 period last year, the business posted $0.83 EPS. The company’s revenue was down 29.2% compared to the same quarter last year.

Hedge funds have recently modified their holdings of the company. Spirit of America Management Corp NY boosted its stake in shares of Sunoco Logistics Partners L.P. by 12.9% in the third quarter. Spirit of America Management Corp NY now owns 579,050 shares of the company’s stock worth $16,451,000 after buying an additional 66,300 shares during the last quarter. Huntington Steele LLC boosted its stake in shares of Sunoco Logistics Partners L.P. by 5.3% in the third quarter. Huntington Steele LLC now owns 199,441 shares of the company’s stock worth $5,666,000 after buying an additional 10,036 shares during the last quarter. Advisor Consultant Network Inc. bought a new stake in shares of Sunoco Logistics Partners L.P. during the third quarter worth approximately $525,000. Duff & Phelps Investment Management Co. boosted its stake in shares of Sunoco Logistics Partners L.P. by 86.8% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,798,100 shares of the company’s stock worth $51,084,000 after buying an additional 835,500 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Sunoco Logistics Partners L.P. by 35.6% in the third quarter. Creative Planning now owns 289,038 shares of the company’s stock worth $8,212,000 after buying an additional 75,931 shares during 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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