Sunoco Logistics Partners L.P. (NYSE:SXL) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday.

SXL has been the topic of a number of other research reports. Sanford C. Bernstein upgraded shares of Sunoco Logistics Partners L.P. from an “underperform” rating to a “market perform” rating and set a $26.00 price objective on the stock in a research note on Monday, November 7th. Wolfe Research upgraded shares of Sunoco Logistics Partners L.P. from an “underperform” rating to a “market perform” rating in a research note on Tuesday. Mizuho assumed coverage on shares of Sunoco Logistics Partners L.P. in a research note on Thursday, September 29th. They set a “neutral” rating and a $30.00 price objective on the stock. Stephens assumed coverage on shares of Sunoco Logistics Partners L.P. in a research note on Thursday, September 29th. They set an “overweight” rating and a $35.00 price objective on the stock. Finally, Jefferies Group reiterated a “hold” rating and set a $30.00 price objective on shares of Sunoco Logistics Partners L.P. in a research note on Sunday, October 16th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. Sunoco Logistics Partners L.P. has a consensus rating of “Hold” and a consensus target price of $31.50.

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

Sunoco Logistics Partners L.P. (NYSE:SXL) opened at 23.77 on Wednesday. Sunoco Logistics Partners L.P. has a 52 week low of $15.43 and a 52 week high of $31.49. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 86.44 and a beta of 0.86. The firm’s 50 day moving average price is $26.47 and its 200-day moving average price is $28.11.

Sunoco Logistics Partners L.P. (NYSE:SXL) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.04. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the company earned $0.33 EPS. Sunoco Logistics Partners L.P.’s revenue for the quarter was down 9.1% on a year-over-year basis. Analysts expect that Sunoco Logistics Partners L.P. will post $0.90 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Wednesday, November 9th were paid a $0.51 dividend. This is a positive change from Sunoco Logistics Partners L.P.’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, November 7th. This represents a $2.04 dividend on an annualized basis and a yield of 8.58%.

Institutional investors have recently bought and sold shares of the company. SevenBridge Financial Group LLC purchased a new position in Sunoco Logistics Partners L.P. during the second quarter worth approximately $100,000. Financial Architects Inc raised its position 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 in the last quarter. Chicago Partners Investment Group LLC raised its position in 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 in the last quarter. Barnett & Company Inc. purchased a new position in Sunoco Logistics Partners L.P. during the first quarter worth approximately $115,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Sunoco Logistics Partners L.P. by 27.8% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 4,600 shares of the company’s stock worth $132,000 after buying an additional 1,000 shares in the last quarter.

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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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