Shares of Sunoco Logistics Partners L.P. (NYSE:SXL) dropped 4.3% during trading on Monday . The stock traded as low as $27.65 and last traded at $27.65, with a volume of 384,601 shares traded. The stock had previously closed at $28.88.

A number of brokerages have recently issued reports on SXL. Jefferies Group downgraded shares of Sunoco Logistics Partners L.P. from a “buy” rating to a “hold” rating and increased their price target for the company from $29.43 to $31.00 in a report on Wednesday, June 8th. 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. BMO Capital Markets began coverage on shares of Sunoco Logistics Partners L.P. in a report on Tuesday, April 19th. They issued an “outperform” rating and a $30.00 price target for the company. Sanford C. Bernstein began coverage on shares of Sunoco Logistics Partners L.P. in a report on Wednesday, May 11th. They issued an “underperform” rating and a $26.00 price target for the company. Finally, Evercore ISI upgraded shares of Sunoco Logistics Partners L.P. from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Monday, April 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. Sunoco Logistics Partners L.P. presently has a consensus rating of “Buy” and an average target price of C$33.18.

The stock has a market capitalization of $8.20 billion and a price-to-earnings ratio of 40.84. The company has a 50 day moving average price of $28.01 and a 200 day moving average price of $25.82.

Sunoco Logistics Partners L.P. (NYSE:SXL) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.04. The company had revenue of $1.78 million for the quarter, compared to analyst estimates of $2.57 million. The firm’s revenue for the quarter was down 30.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.10) earnings per share. Analysts predict that Sunoco Logistics Partners L.P. will post $0.87 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Monday, August 8th will be issued a $0.50 dividend. This is a boost from Sunoco Logistics Partners L.P.’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 7.21%. The ex-dividend date is Thursday, August 4th.

A number of large investors have modified their holdings of the stock. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Sunoco Logistics Partners L.P. by 31.5% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 122,250 shares of the company’s stock worth $3,142,000 after buying an additional 29,250 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Sunoco Logistics Partners L.P. during the fourth quarter worth $4,039,000. Jennison Associates LLC increased its stake in shares of Sunoco Logistics Partners L.P. by 98.8% in the fourth quarter. Jennison Associates LLC now owns 258,583 shares of the company’s stock worth $6,646,000 after buying an additional 128,543 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Sunoco Logistics Partners L.P. by 17.0% in the fourth quarter. Wells Fargo & Company MN now owns 317,892 shares of the company’s stock worth $8,169,000 after buying an additional 46,257 shares during the last quarter. Finally, BlackRock Advisors LLC increased its stake in shares of Sunoco Logistics Partners L.P. by 0.3% in the fourth quarter. BlackRock Advisors LLC now owns 392,440 shares of the company’s stock worth $10,086,000 after buying an additional 1,020 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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