BMO Capital Markets downgraded shares of Sunoco Logistics Partners L.P. (NYSE:SXL) from an outperform rating to a market perform rating in a research note issued to investors on Wednesday. The firm currently has $26.00 price objective on the stock, down from their prior price objective of $35.00.

SXL has been the topic of a number of other research reports. Mizuho started coverage on Sunoco Logistics Partners L.P. in a research report on Thursday, September 29th. They issued a neutral rating and a $30.00 target price on the stock. Wolfe Research started coverage on Sunoco Logistics Partners L.P. in a research report on Friday, October 7th. They issued a sell rating and a $26.00 target price on the stock. Jefferies Group reissued a hold rating and issued a $30.00 target price on shares of Sunoco Logistics Partners L.P. in a research report on Sunday, October 16th. TheStreet downgraded Sunoco Logistics Partners L.P. from a buy rating to a hold rating in a research note on Friday, October 7th. Finally, Morgan Stanley assumed coverage on Sunoco Logistics Partners L.P. in a research note on Monday, August 15th. They issued an equal weight rating and a $33.00 price target for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $30.40.

Sunoco Logistics Partners L.P. (NYSE:SXL) opened at 22.85 on Wednesday. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 45.88 and a beta of 0.86. Sunoco Logistics Partners L.P. has a 52 week low of $15.43 and a 52 week high of $31.49. The company has a 50 day moving average price of $26.10 and a 200-day moving average price of $28.03.

Sunoco Logistics Partners L.P. (NYSE:SXL) last announced its earnings results on Wednesday, November 9th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.04. The company earned $2.19 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The business’s revenue was down 9.1% compared to the same quarter last year. Equities analysts predict that Sunoco Logistics Partners L.P. will post $0.94 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Wednesday, November 9th were paid a dividend of $0.51 per share. This is an increase from Sunoco Logistics Partners L.P.’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 8.58%. The ex-dividend date of this dividend was Monday, November 7th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Brookfield Asset Management Inc. increased its position in shares of 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 valued at $34,224,000 after buying an additional 10,100 shares in the last quarter. LPL Financial LLC increased 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 in the last quarter. Mosaic Family Wealth LLC increased 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 in the last quarter. Credit Suisse AG increased 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 in the last quarter. Finally, Salem Investment Counselors Inc. increased 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 in the last quarter.

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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