What Could Be Propelling Sunoco Logistics Partners L.P. to Decrease?

 What Could Be Propelling Sunoco Logistics Partners L.P. to Decrease?

In today’s session Sunoco Logistics Partners L.P. (SXL) recorded an unusually high (258) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious SXL decrease. With 258 contracts traded and 7714 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: SXL161118P00027000 closed last at: $0.45 or 40% down. About 830,256 shares traded hands. Sunoco Logistics Partners L.P. (NYSE:SXL) has risen 6.02% since April 13, 2016 and is uptrending. It has outperformed by 2.10% the S&P500.

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. As per Friday, September 30, the company rating was initiated by Mizuho. As per Friday, August 7, the company rating was upgraded by Wells Fargo. The firm earned “Mkt Perform” rating on Tuesday, November 8 by Bernstein. The stock of Sunoco Logistics Partners L.P. (NYSE:SXL) has “Hold” rating given on Thursday, January 28 by Stifel Nicolaus. The rating was reinitiated by Morgan Stanley with “Equal-Weight” on Monday, August 15. As per Wednesday, May 11, the company rating was initiated by Bernstein. The stock has “Overweight” rating given by Stephens on Thursday, September 29. The rating was initiated by Howard Weil with “Sector Outperform” on Monday, October 19. On Tuesday, August 16 the stock rating was maintained by Barclays Capital with “Overweight”. The stock has “Neutral” rating given by Credit Suisse on Monday, August 10.

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 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.
Metropolitan Life Insur last reported 0.05% of its portfolio in the stock. The New York-based Clearbridge Investments has invested 0.09% in Sunoco Logistics Partners L.P. (NYSE:SXL). Royal Retail Bank Of Canada accumulated 0% or 172,851 shares. Wg Shaheen & Associate Dba Whitney & has invested 0.58% of its portfolio in Sunoco Logistics Partners L.P. (NYSE:SXL). Moreover, Texas Yale Capital has 0.22% invested in Sunoco Logistics Partners L.P. (NYSE:SXL) for 78,150 shares. Waldron Limited Partnership reported 7,400 shares or 0.09% of all its holdings. First Republic Investment holds 0.03% of its portfolio in Sunoco Logistics Partners L.P. (NYSE:SXL) for 96,380 shares. Plancorp Limited Liability Company reported 12,480 shares or 0.32% of all its holdings. Liberty Mutual Grp Asset Management has 229,151 shares for 0.24% of their US portfolio. Deutsche Bancshares Ag holds 2.32M shares or 0.05% of its portfolio. Exane Derivatives holds 0% of its portfolio in Sunoco Logistics Partners L.P. (NYSE:SXL) for 44 shares. Country Club Commerce Na accumulated 0.08% or 19,318 shares. Millennium Management Ltd Co owns 842,283 shares or 0.06% of their US portfolio. Franklin Incorporated accumulated 8,248 shares or 0% of the stock. Hollow Brook Wealth Lc holds 0.49% or 24,879 shares in its portfolio.

Sunoco Logistics Partners L.P. owns and operates a logistics business. The company has a market cap of $9.10 billion. The Firm is engaged in the transport, terminalling and storage of crude oil, refined products and natural gas liquids . It has a 54.51 P/E ratio. The Company’s divisions include Crude Oil, Natural Gas Liquids and Refined Products.

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.

More important recent Sunoco Logistics Partners L.P. (NYSE:SXL) news were published by: Businesswire.com which released: “Energy Transfer Partners and Sunoco Logistics Partners Denounce Today’s …” on November 15, 2016, also Businesswire.com published article titled: “Energy Transfer Partners and Sunoco Logistics Partners Seek Federal Court …”, Nasdaq.com published: “Sunoco Logistics Partners LP (SXL) Ex-Dividend Date Scheduled for November 07 …” on November 04, 2016. More interesting news about Sunoco Logistics Partners L.P. (NYSE:SXL) was released by: Reuters.com and their article: “Sunoco Logistics pipeline spills gasoline in Pennsylvania: media” with publication date: October 21, 2016.

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