Sunoco Logistics Partners L.P. (NYSE:SXL) shares traded up 6.6% during trading on Wednesday . The company traded as high as $29.67 and last traded at $29.63, with a volume of 862,636 shares trading hands. The stock had previously closed at $27.79.

A number of research analysts have commented on the stock. Zacks Investment Research cut shares of Sunoco Logistics Partners L.P. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 27th. Barclays PLC assumed coverage on shares of Sunoco Logistics Partners L.P. in a research report on Wednesday, April 13th. They set an “overweight” rating and a $33.00 price target on the stock. Sanford C. Bernstein assumed coverage on shares of Sunoco Logistics Partners L.P. in a research report on Wednesday, May 11th. They set an “underperform” rating and a $26.00 price target on the stock. BMO Capital Markets began coverage on shares of Sunoco Logistics Partners L.P. in a research report on Tuesday, April 19th. They set an “outperform” rating and a $30.00 price target on the stock. Finally, Jefferies Group cut shares of Sunoco Logistics Partners L.P. from a “buy” rating to a “hold” rating and raised their target price for the stock from $29.43 to $31.00 in a report on Wednesday, June 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$33.18.

The company has a 50 day moving average price of $28.03 and a 200 day moving average price of $25.88. The firm has a market capitalization of $8.92 billion and a P/E ratio of 44.40.

Sunoco Logistics Partners L.P. (NYSE:SXL) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.04. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company earned $1.78 million during the quarter, compared to the consensus estimate of $2.57 million. The company’s quarterly revenue was down 30.9% compared to the same quarter last year. On average, equities research analysts expect that Sunoco Logistics Partners L.P. will post $0.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Monday, August 8th will be issued a $0.50 dividend. The ex-dividend date is Thursday, August 4th. 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 6.63%.

A number of hedge funds and institutional investors have bought and sold shares of the company. First Trust Advisors LP acquired a new position in Sunoco Logistics Partners L.P. during the fourth quarter worth approximately $4,039,000. Bank of Montreal Can boosted its position in Sunoco Logistics Partners L.P. by 43.3% in the fourth quarter. Bank of Montreal Can now owns 654,000 shares of the company’s stock worth $16,808,000 after buying an additional 197,759 shares in the last quarter. Wells Fargo & Company MN boosted its position in 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 in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in 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 in the last quarter. Finally, Jennison Associates LLC boosted its position in 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 in 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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