Dividend Report: Sunoco Logistics Partners LP (NYSE:SXL) expected to pay $0.51 on Nov 14, 2016

Dividend Report:   Sunoco Logistics Partners LP (NYSE:SXL) expected to pay $0.51 on Nov 14, 2016

Sunoco Logistics Partners LP (NYSE:SXL) is expected to pay $0.51 on Nov 14, 2016. The indicated annual dividend is $2.04. Shareholders owning the stock before Nov 7, 2016 will be eligible to receive the payout. Based on Sunoco Logistics Partners LP’s current price of $24.40, the dividend is 2.09%. This dividend’s record date is Nov 9, 2016 and the announcement date is Oct 28, 2016. The stock increased 0.41% or $0.1 on November 4, hitting $24.4. About 1.75M shares traded hands. Sunoco Logistics Partners L.P. (NYSE:SXL) has risen 5.67% since April 5, 2016 and is uptrending. It has outperformed by 3.72% the S&P500.

Sunoco Logistics Partners L.P. owns and operates a logistics business. The company has a market cap of $7.80 billion. The Firm is engaged in the transport, terminalling and storage of crude oil, refined products and natural gas liquids . It has a 94.08 P/E ratio. The Company’s divisions include Crude Oil, Natural Gas Liquids and Refined Products.

Insitutional Activity: The institutional sentiment increased to 1.49 in 2016 Q2. Its up 0.33, from 1.16 in 2016Q1. The ratio is positive, as 19 funds sold all Sunoco Logistics Partners L.P. shares owned while 66 reduced positions. 35 funds bought stakes while 92 increased positions. They now own 174.45 million shares or 8.76% more from 160.40 million shares in 2016Q1.
Massachusetts Fincl Services Company Ma has invested 0.05% of its portfolio in Sunoco Logistics Partners L.P. (NYSE:SXL). Bb&T Securities Lc last reported 12,152 shares in the company. Jpmorgan Chase & Com has invested 0.03% of its portfolio in Sunoco Logistics Partners L.P. (NYSE:SXL). Hap Trading Lc holds 0.05% of its portfolio in Sunoco Logistics Partners L.P. (NYSE:SXL) for 29,897 shares. Goldman Sachs Gp reported 16.53 million shares or 0.16% of all its holdings. Credit Suisse Ag owns 1.63 million shares or 0.05% of their US portfolio. Fcm Tx, a Texas-based fund reported 12,411 shares. Architects has invested 0.03% of its portfolio in Sunoco Logistics Partners L.P. (NYSE:SXL). Jennison Associates Ltd Company holds 0.01% or 475,471 shares in its portfolio. Mycio Wealth Limited Liability Company has invested 0.07% of its portfolio in Sunoco Logistics Partners L.P. (NYSE:SXL). Highland Cap Ltd Partnership accumulated 0.07% or 62,613 shares. The Pennsylvania-based Pnc Financial Services Grp Inc has invested 0.01% in Sunoco Logistics Partners L.P. (NYSE:SXL). Exane Derivatives has 0% invested in the company for 44 shares. Cbre Clarion last reported 0.07% of its portfolio in the stock. Biondo Invest Advsrs Ltd Liability Com last reported 0.07% of its portfolio in the stock.

Sunoco Logistics Partners L.P. (NYSE:SXL) Ratings Coverage

Out of 12 analysts covering Sunoco Logistics (NYSE:SXL), 7 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 58% are positive. Sunoco Logistics has been the topic of 23 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was initiated by Bernstein with “Underperform” on Wednesday, May 11. Howard Weil initiated Sunoco Logistics Partners L.P. (NYSE:SXL) rating on Monday, October 19. Howard Weil has “Sector Outperform” rating and $42 price target. The rating was initiated by Mizuho with “Neutral” on Friday, September 30. As per Tuesday, March 15, the company rating was maintained by JP Morgan. Stephens initiated Sunoco Logistics Partners L.P. (NYSE:SXL) on Thursday, September 29 with “Overweight” rating. The stock of Sunoco Logistics Partners L.P. (NYSE:SXL) has “Hold” rating given on Thursday, January 28 by Stifel Nicolaus. Wells Fargo upgraded the stock to “Outperform” rating in Monday, August 10 report. The stock of Sunoco Logistics Partners L.P. (NYSE:SXL) earned “Outperform” rating by Wells Fargo on Friday, August 7. The rating was downgraded by Jefferies to “Hold” on Wednesday, June 8. On Tuesday, August 16 the stock rating was maintained by Barclays Capital with “Overweight”.

More recent Sunoco Logistics Partners L.P. (NYSE:SXL) news were published by: Nasdaq.com which released: “Sunoco Logistics Partners LP (SXL) Ex-Dividend Date Scheduled for November 07 …” on November 04, 2016. Also Wsj.com published the news titled: “Energy Transfer, Sunoco Logistics in $2 Billion Pipeline Stake Sale” on August 03, 2016. Businesswire.com‘s news article titled: “Sunoco Logistics Announces Forty-Sixth Successive Quarter over Quarter …” with publication date: October 27, 2016 was also an interesting one.

SXL Company Profile

Sunoco Logistics Partners L.P., incorporated on October 15, 2001, owns and operates a logistics business. The Firm is engaged in the transport, terminalling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s divisions 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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