Today: Stifel Nicolaus Reiterates Hold Rating for Sunoco Logistics Partners L.P. (SXL)

Today: Stifel Nicolaus Reiterates Hold Rating for Sunoco Logistics Partners L.P. (SXL)

Sunoco Logistics Partners L.P. (NYSE:SXL)‘s stock had its “hold” rating reiterated by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Monday. They currently have a $24.00 target price on the stock, down from their previous target price of $29.00. Stifel Nicolaus’ target price points to a potential upside of 0.93% from the stock’s current price.

A number of other research firms also recently issued reports on SXL. Sanford C. Bernstein upgraded Sunoco Logistics Partners L.P. from an “underperform” rating to a “market perform” rating and set a $26.00 price target for the company in a research note on Monday, November 7th. Stephens began coverage on Sunoco Logistics Partners L.P. in a research note on Thursday, September 29th. They set an “overweight” rating and a $35.00 price target for the company. TheStreet downgraded Sunoco Logistics Partners L.P. from a “buy” rating to a “hold” rating in a research note on Friday, October 7th. Wolfe Research began coverage on Sunoco Logistics Partners L.P. in a research note on Friday, October 7th. They set a “sell” rating and a $26.00 price target for the company. Finally, BMO Capital Markets downgraded Sunoco Logistics Partners L.P. from an “outperform” rating to a “market perform” rating and cut their price target for the company from $35.00 to $26.00 in a research note on Wednesday, November 23rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. Sunoco Logistics Partners L.P. presently has a consensus rating of “Hold” and an average price target of $30.40.

Sunoco Logistics Partners L.P. (NYSE:SXL) opened at 23.78 on Monday. The company has a 50 day moving average of $26.23 and a 200 day moving average of $28.06. 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 market capitalization of $7.88 billion, a PE ratio of 47.75 and a beta of 0.86.

Sunoco Logistics Partners L.P. (NYSE:SXL) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by $0.04. The company earned $2.19 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the firm earned $0.33 EPS. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Sunoco Logistics Partners L.P. will post $0.94 earnings per share for the current fiscal year.

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

Several hedge funds have recently modified their holdings of SXL. SevenBridge Financial Group LLC purchased a new stake in shares of Sunoco Logistics Partners L.P. during the second quarter valued at about $100,000. Financial Architects Inc boosted its stake in shares of Sunoco Logistics Partners L.P. by 0.8% in the second quarter. Financial Architects Inc now owns 3,497 shares of the company’s stock valued at $101,000 after buying an additional 28 shares during the period. Chicago Partners Investment Group LLC boosted its stake in shares of Sunoco Logistics Partners L.P. by 1.8% in the second quarter. Chicago Partners Investment Group LLC now owns 4,204 shares of the company’s stock valued at $121,000 after buying an additional 73 shares during the period. Barnett & Company Inc. purchased a new stake in shares of Sunoco Logistics Partners L.P. during the first quarter valued at about $115,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Sunoco Logistics Partners L.P. by 27.8% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 4,600 shares of the company’s stock valued at $132,000 after buying an additional 1,000 shares during the period.

Sunoco Logistics Partners L.P. Company Profile

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