Sunoco Logistics Partners L.P. (NYSE:SXL) was upgraded by Wolfe Research from an “underperform” rating to a “market perform” rating in a research report issued on Tuesday.

Several other brokerages also recently issued reports on SXL. Citigroup Inc. downgraded shares of Sunoco Logistics Partners L.P. to a “neutral” rating and reduced their price target for the company from $38.00 to $34.00 in a report 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 target on the stock. in a report on Thursday, August 4th. Morgan Stanley initiated coverage on shares of Sunoco Logistics Partners L.P. in a report on Monday, August 15th. They issued an “equal weight” rating and a $33.00 price target on the stock. Barclays PLC upped their price target on shares of Sunoco Logistics Partners L.P. from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, August 16th. Finally, Stephens initiated coverage on shares of Sunoco Logistics Partners L.P. in a report on Thursday, September 29th. They issued an “overweight” rating and a $35.00 price target on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $30.86.

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

Shares of Sunoco Logistics Partners L.P. (NYSE:SXL) opened at 24.01 on Tuesday. Sunoco Logistics Partners L.P. has a 12-month low of $15.43 and a 12-month high of $31.49. The company has a 50-day moving average of $26.37 and a 200 day moving average of $28.08. The firm has a market cap of $7.96 billion, a P/E ratio of 48.21 and a beta of 0.86.

Sunoco Logistics Partners L.P. (NYSE:SXL) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.52 billion. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. Equities research analysts anticipate that Sunoco Logistics Partners L.P. will post $0.94 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Wednesday, November 9th were given a dividend of $0.51 per share. This is a positive change from Sunoco Logistics Partners L.P.’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, November 7th. This represents a $2.04 annualized dividend and a yield of 8.50%.

Large investors have recently added to or reduced their stakes in the company. Harvest Fund Advisors LLC raised its stake in Sunoco Logistics Partners L.P. by 64.4% in the second quarter. Harvest Fund Advisors LLC now owns 3,402,297 shares of the company’s stock valued at $97,816,000 after buying an additional 1,332,662 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in Sunoco Logistics Partners L.P. by 70.0% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 425,000 shares of the company’s stock valued at $12,219,000 after buying an additional 175,000 shares during the last quarter. ING Groep NV raised its stake in Sunoco Logistics Partners L.P. by 137.0% in the second quarter. ING Groep NV now owns 6,775,032 shares of the company’s stock valued at $194,850,000 after buying an additional 3,916,189 shares during the last quarter. Spirit of America Management Corp NY raised its stake in 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 valued at $16,451,000 after buying an additional 66,300 shares during the last quarter. Finally, M&T Bank Corp raised its stake in Sunoco Logistics Partners L.P. by 19.7% in the second quarter. M&T Bank Corp now owns 13,043 shares of the company’s stock valued at $375,000 after buying an additional 2,145 shares during the last quarter.

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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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