Sunoco Logistics Partners L.P. (NYSE:SXL)‘s stock had its “hold” rating reissued by Stifel Nicolaus in a research report issued on Monday. They presently have a $24.00 target price on the stock, down from their prior target price of $29.00. Stifel Nicolaus’ price target would indicate a potential upside of 5.91% from the company’s current price.

Several other analysts also recently weighed in on SXL. Citigroup Inc. downgraded Sunoco Logistics Partners L.P. to a “neutral” rating and decreased their target price for the stock from $38.00 to $34.00 in a research report on Friday, August 5th. They noted that the move was a valuation call. Mitsubishi UFJ Financial Group downgraded Sunoco Logistics Partners L.P. from an “overweight” rating to a “neutral” rating and set a $34.00 target price for the company. in a research report on Thursday, August 4th. Morgan Stanley began coverage on Sunoco Logistics Partners L.P. in a report on Monday, August 15th. They issued an “equal weight” rating and a $33.00 price objective for the company. Barclays PLC lifted their price objective on Sunoco Logistics Partners L.P. from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, August 16th. Finally, Stephens began coverage on Sunoco Logistics Partners L.P. in a report on Thursday, September 29th. They issued an “overweight” rating and a $35.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $30.40.

Analyst Recommendations for Sunoco Logistics Partners L.P. (NYSE:SXL)

Shares of Sunoco Logistics Partners L.P. (NYSE:SXL) opened at 22.66 on Monday. The stock has a market capitalization of $7.51 billion, a P/E ratio of 45.50 and a beta of 0.86. Sunoco Logistics Partners L.P. has a 12 month low of $15.43 and a 12 month high of $31.49. The company’s 50-day moving average is $26.10 and its 200 day moving average is $28.03.

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

The firm also recently declared 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 a positive change from Sunoco Logistics Partners L.P.’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, November 7th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 9.00%.

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Several large investors have recently modified their holdings of SXL. Brookfield Asset Management Inc. raised its stake 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 worth $34,224,000 after buying an additional 10,100 shares in the last quarter. LPL Financial LLC raised its stake 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 worth $1,170,000 after buying an additional 4,183 shares in the last quarter. Mosaic Family Wealth LLC raised its stake 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 worth $199,000 after buying an additional 859 shares in the last quarter. Credit Suisse AG raised its stake 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 worth $48,056,000 after buying an additional 64,343 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its stake 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 worth $3,526,000 after buying an additional 1,200 shares in the last quarter.

About Sunoco Logistics Partners L.P.

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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