Sunoco Logistics Partners L.P. (NYSE:SXL)‘s stock had its “hold” rating reissued by equities researchers at Stifel Nicolaus in a research report issued to clients and investors on Monday. They currently have a $24.00 target price on the stock, down from their prior target price of $29.00. Stifel Nicolaus’ target price would indicate a potential upside of 5.91% from the stock’s previous close.

Several other equities analysts have also recently commented on SXL. BMO Capital Markets reaffirmed a “buy” rating and set a $35.00 price objective on shares of Sunoco Logistics Partners L.P. in a research note on Friday, November 11th. Jefferies Group reaffirmed 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. Citigroup Inc. cut shares of Sunoco Logistics Partners L.P. to a “neutral” rating and reduced 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. 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 for the company. Finally, Barclays PLC boosted 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. One 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 stock has a consensus rating of “Hold” and an average target price of $30.40.

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

Sunoco Logistics Partners L.P. (NYSE:SXL) opened at 22.66 on Monday. The company has a market cap of $7.51 billion, a P/E ratio of 45.50 and a beta of 0.86. The stock’s 50 day moving average is $26.10 and its 200 day moving average is $28.03. Sunoco Logistics Partners L.P. has a 1-year low of $15.43 and a 1-year high of $31.49.

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

The company also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Wednesday, November 9th were issued 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. This represents a $2.04 dividend on an annualized basis and a yield of 9.00%. The ex-dividend date of this dividend was Monday, November 7th.

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Large investors have recently bought and sold shares of the stock. Brookfield Asset Management Inc. raised its stake in Sunoco Logistics Partners L.P. by 0.8% in the third quarter. Brookfield Asset Management Inc. now owns 1,204,652 shares of the company’s stock worth $34,224,000 after buying an additional 10,100 shares in the last quarter. LPL Financial LLC raised its position in shares of Sunoco Logistics Partners L.P. by 10.9% in the third quarter. LPL Financial LLC now owns 42,508 shares of the company’s stock valued at $1,170,000 after buying an additional 4,183 shares during the period. Mosaic Family Wealth LLC raised its position in shares of Sunoco Logistics Partners L.P. by 14.0% in the third quarter. Mosaic Family Wealth LLC now owns 7,000 shares of the company’s stock valued at $199,000 after buying an additional 859 shares during the period. Credit Suisse AG raised its position in shares of Sunoco Logistics Partners L.P. by 4.0% in the third quarter. Credit Suisse AG now owns 1,691,541 shares of the company’s stock valued at $48,056,000 after buying an additional 64,343 shares during the period. Finally, Salem Investment Counselors Inc. raised its position in shares of Sunoco Logistics Partners L.P. by 1.0% in the third quarter. Salem Investment Counselors Inc. now owns 124,110 shares of the company’s stock valued at $3,526,000 after buying an additional 1,200 shares during the period.

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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