Price Action To Observe: Could Sunoco Logistics Partners L.P. Decline After Today’s Huge Increase?

Price Action To Observe: Could Sunoco Logistics Partners L.P. Decline After Today's Huge Increase?

The stock of Sunoco Logistics Partners L.P. (NYSE:SXL) is a huge mover today! About 1.90 million shares traded hands or 0.53% up from the average. Sunoco Logistics Partners L.P. (NYSE:SXL) has risen 4.86% since April 8, 2016 and is uptrending. It has underperformed by 0.79% the S&P500.
The move comes after 6 months positive chart setup for the $9.62B company. It was reported on Nov, 10 by Barchart.com. We have $46.02 PT which if reached, will make NYSE:SXL worth $6.64 billion more.

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

Out of 12 analysts covering Sunoco Logistics (NYSE:SXL), 7 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 58% are positive. Sunoco Logistics has been the topic of 24 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Sunoco Logistics Partners L.P. (NYSE:SXL) has “Overweight” rating given on Tuesday, March 15 by JP Morgan. The rating was initiated by Mizuho on Friday, September 30 with “Neutral”. The firm has “Outperform” rating by Wells Fargo given on Monday, August 10. Morgan Stanley reinitiated it with “Equal-Weight” rating and $33 target price in Monday, August 15 report. The stock of Sunoco Logistics Partners L.P. (NYSE:SXL) has “Sector Outperform” rating given on Monday, October 19 by Howard Weil. As per Wednesday, May 11, the company rating was initiated by Bernstein. Credit Suisse upgraded Sunoco Logistics Partners L.P. (NYSE:SXL) on Monday, August 10 to “Neutral” rating. As per Thursday, September 29, the company rating was initiated by Stephens. Stifel Nicolaus downgraded the shares of SXL in a report on Thursday, January 28 to “Hold” rating. Jefferies downgraded the shares of SXL in a report on Wednesday, June 8 to “Hold” rating.

According to Zacks Investment Research, “Sunoco Logistics Partners L.P. is a limited partnership recently formed by Sunoco, Inc. to acquire, own, and operate a geographically diverse and complementary group of refined product and crude oil pipelines and terminal facilities.”

Insitutional Activity: The institutional sentiment increased to 1.49 in Q2 2016. Its up 0.33, from 1.16 in 2016Q1. The ratio increased, 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.
Johnson Fincl Gru Incorporated has 1,126 shares for 0% of their US portfolio. Kayne Anderson L P last reported 3.25% of its portfolio in the stock. Cohen And Steers Inc last reported 377,099 shares in the company. X last reported 468,832 shares in the company. King Luther Capital Management Corp reported 12,820 shares or 0% of all its holdings. Center Coast Capital Lp accumulated 4.38% or 5.44M shares. Groesbeck Investment Management Nj holds 0.17% or 7,906 shares in its portfolio. Bnp Paribas Arbitrage accumulated 0% or 29,156 shares. Diversified Trust Com last reported 0.27% of its portfolio in the stock. Hm Payson & Com accumulated 0.01% or 7,690 shares. Neuberger Berman Gru Limited Company has 1.82M shares for 0.07% of their US portfolio. Moreover, Franklin Resources has 0% invested in Sunoco Logistics Partners L.P. (NYSE:SXL) for 8,248 shares. Barclays Public Limited Co has invested 0.02% of its portfolio in Sunoco Logistics Partners L.P. (NYSE:SXL). Burnham Asset Mgmt Ny has invested 0.27% of its portfolio in Sunoco Logistics Partners L.P. (NYSE:SXL). Spot Trading Limited Com holds 0.02% of its portfolio in Sunoco Logistics Partners L.P. (NYSE:SXL) for 38,976 shares.

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 Strategic Acquisition of Vitol’s Crude Platform in …” with publication date: September 26, 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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