Sunoco Logistics Partners L.P. (NYSE:SXL) has received a consensus rating of “Buy” from the fourteen analysts that are currently covering the stock, Analyst Ratings.Net reports. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $41.40.
An institutional investor recently raised its position in Sunoco Logistics Partners L.P. stock. Jennison Associates increased its stake in shares of Sunoco Logistics Partners L.P. (NYSE:SXL) by 120.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,040 shares of the company’s stock after buying an additional 71,104 shares during the period. Jennison Associates’ holdings in Sunoco Logistics Partners L.P. were worth $3,727,000 as of its most recent filing with the SEC.
Sunoco Logistics Partners L.P. (NYSE:SXL) traded down 0.31% during midday trading on Monday, hitting $25.62. 120,309 shares of the stock were exchanged. The firm’s market capitalization is $6.91 billion. Sunoco Logistics Partners L.P. has a 1-year low of $21.41 and a 1-year high of $46.72. The firm’s 50-day moving average price is $25.98 and its 200 day moving average price is $31.44.
Sunoco Logistics Partners L.P. (NYSE:SXL) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. The firm earned $2.41 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter last year, the business posted $0.50 EPS. The company’s quarterly revenue was down 51.0% on a year-over-year basis. Analysts expect that Sunoco Logistics Partners L.P. will post $1.09 earnings per share for the current fiscal year.
SXL has been the subject of several analyst reports. Deutsche Bank decreased their price objective on shares of Sunoco Logistics Partners L.P. from $44.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th. Scotiabank reiterated a “sector outperform” rating and issued a $42.00 price objective on shares of Sunoco Logistics Partners L.P. in a research note on Monday, October 19th. Mitsubishi UFJ Financial Group Inc reiterated an “overweight” rating on shares of Sunoco Logistics Partners L.P. in a research note on Tuesday, December 8th. Goldman Sachs reduced their target price on shares of Sunoco Logistics Partners L.P. from $53.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, September 11th. Finally, Credit Suisse reduced their target price on shares of Sunoco Logistics Partners L.P. from $50.00 to $35.00 in a research report on Monday, December 21st.
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 (NYSE:SXL). 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. The Company operates through four segments: Crude Oil Pipelines, transport crude oil in the southwest and midwest United States; Crude Oil Acquisition and Marketing, gathers, purchases, markets and sells crude oil in the mid-continent United States; Terminal Facilities, consist of crude oil, refined products and NGL terminals, and Products Pipelines, consist of crude oil, refined products and NGL terminals.