Sunoco Logistics Partners L.P. (NYSE:SXL) shares fell 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. The stock had previously closed at $28.88.

Several research firms have recently commented on SXL. Zacks Investment Research downgraded Sunoco Logistics Partners L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Jefferies Group downgraded Sunoco Logistics Partners L.P. from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $29.43 to $31.00 in a report on Wednesday, June 8th. Sanford C. Bernstein began coverage on Sunoco Logistics Partners L.P. in a report on Wednesday, May 11th. They issued an “underperform” rating and a $26.00 price objective on the stock. BMO Capital Markets began coverage on Sunoco Logistics Partners L.P. in a report on Tuesday, April 19th. They issued an “outperform” rating and a $30.00 price objective on the stock. Finally, Barclays PLC began coverage on Sunoco Logistics Partners L.P. in a report on Wednesday, April 13th. They issued an “overweight” rating and a $33.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$33.18.

The firm has a 50-day moving average price of $28.03 and a 200-day moving average price of $25.88. The stock has a market cap of $8.74 billion and a PE ratio of 43.555.

Sunoco Logistics Partners L.P. (NYSE:SXL) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by $0.04. During the same period in the previous year, the business earned ($0.10) earnings per share. The business had revenue of $1.78 million for the quarter, compared to analyst estimates of $2.57 million. The firm’s revenue was down 30.9% on a year-over-year basis. Analysts expect that Sunoco Logistics Partners L.P. will post $0.85 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Monday, August 8th will be issued a dividend of $0.50 per share. This is a positive change from Sunoco Logistics Partners L.P.’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a dividend yield of 7.20%. The ex-dividend date of this dividend is Thursday, August 4th.

Several hedge funds and institutional investors have made changes to their positions in the stock. BlackRock Advisors LLC increased its position 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. Fort Washington Investment Advisors Inc. OH increased its position 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. Wells Fargo & Company MN increased its position 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. Jennison Associates LLC increased its position 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. Finally, First Trust Advisors LP acquired a new position in shares of Sunoco Logistics Partners L.P. during the fourth quarter worth approximately $4,039,000.

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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