Sunoco Logistics Partners L.P. (NYSE:SXL) shares fell 1.1% during mid-day trading on Monday . The stock traded as low as $27.98 and last traded at $28.08, with a volume of 410,750 shares traded. The stock had previously closed at $28.40.

Several research firms have recently issued reports on SXL. BMO Capital Markets began coverage on shares of Sunoco Logistics Partners L.P. in a report on Tuesday, April 19th. They set an “outperform” rating and a $30.00 price objective on the stock. Zacks Investment Research upgraded shares of Sunoco Logistics Partners L.P. from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 4th. JPMorgan Chase & Co. restated a “buy” rating on shares of Sunoco Logistics Partners L.P. in a report on Wednesday, March 16th. Sanford C. Bernstein initiated coverage on shares of Sunoco Logistics Partners L.P. in a report on Wednesday, May 11th. They set an “underperform” rating and a $26.00 price objective on the stock. Finally, Jefferies Group lowered shares of Sunoco Logistics Partners L.P. from a “buy” rating to a “hold” rating and lifted their target price for the company from $29.43 to $31.00 in a research report on Wednesday, June 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$33.18.

The company has a market cap of $8.29 billion and a P/E ratio of 41.31. The stock has a 50-day moving average price of $28.10 and a 200 day moving average price of $25.32.

Sunoco Logistics Partners L.P. (NYSE:SXL) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.04. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. The firm had revenue of $1.78 million for the quarter, compared to the consensus estimate of $2.57 million. Sunoco Logistics Partners L.P.’s revenue for the quarter was down 30.9% on a year-over-year basis. Equities research analysts anticipate that Sunoco Logistics Partners L.P. will post $0.93 EPS for the current fiscal year.

Several institutional investors recently modified their holdings of SXL. First Trust Advisors LP bought a new position in shares of Sunoco Logistics Partners L.P. during the fourth quarter valued at $4,039,000. PNC Financial Services Group Inc. raised its position in shares of Sunoco Logistics Partners L.P. by 176.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 339,306 shares of the company’s stock valued at $8,720,000 after buying an additional 216,589 shares during the last quarter. Verity & Verity LLC raised its position in shares of Sunoco Logistics Partners L.P. by 2.7% in the fourth quarter. Verity & Verity LLC now owns 47,256 shares of the company’s stock valued at $1,215,000 after buying an additional 1,244 shares during the last quarter. Penserra Capital Management LLC bought a new position in shares of Sunoco Logistics Partners L.P. during the fourth quarter valued at $1,131,000. Finally, Liberty Mutual Group Asset Management Inc. raised its position in shares of Sunoco Logistics Partners L.P. by 104.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 230,492 shares of the company’s stock valued at $5,924,000 after buying an additional 117,684 shares during the last quarter.

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.

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