Price Action To Observe: What’s Next for Sunoco Logistics Partners L.P. After Today’s Big Increase?

Price Action To Observe: What's Next for Sunoco Logistics Partners L.P. After Today's Big Increase?

The stock of Sunoco Logistics Partners L.P. (NYSE:SXL) is a huge mover today! About 3.07M shares traded hands or 29.54% up from the average. Sunoco Logistics Partners L.P. (NYSE:SXL) has declined 20.13% since April 27, 2016 and is downtrending. It has underperformed by 25.35% the S&P500.
The move comes after 6 months positive chart setup for the $7.82B company. It was reported on Nov, 30 by Barchart.com. We have $24.49 PT which if reached, will make NYSE:SXL worth $234.60 million more.

Analysts await Sunoco Logistics Partners L.P. (NYSE:SXL) to report earnings on February, 22. They expect $0.23 EPS, 0.00% or $0.00 from last year’s $0.23 per share. SXL’s profit will be $75.63M for 25.85 P/E if the $0.23 EPS becomes a reality. After $0.16 actual EPS reported by Sunoco Logistics Partners L.P. for the previous quarter, Wall Street now forecasts 43.75% EPS growth.

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

Out of 13 analysts covering Sunoco Logistics (NYSE:SXL), 7 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 54% are positive. Sunoco Logistics has been the topic of 26 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Sunoco Logistics Partners L.P. (NYSE:SXL) earned “Sector Outperform” rating by Howard Weil on Monday, October 19. The firm has “Outperform” rating by Wells Fargo given on Monday, August 10. Morgan Stanley reinitiated Sunoco Logistics Partners L.P. (NYSE:SXL) on Monday, August 15 with “Equal-Weight” rating. Bernstein initiated Sunoco Logistics Partners L.P. (NYSE:SXL) rating on Wednesday, May 11. Bernstein has “Underperform” rating and $26 price target. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, January 28. The firm has “Mkt Perform” rating by Bernstein given on Tuesday, November 8. The firm earned “Outperform” rating on Friday, August 7 by Wells Fargo. The stock of Sunoco Logistics Partners L.P. (NYSE:SXL) earned “Market Perform” rating by BMO Capital Markets on Friday, November 25. The rating was downgraded by Jefferies to “Hold” on Wednesday, June 8. The stock has “Overweight” rating given by Barclays Capital on Tuesday, August 16.

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 decreased to 1.41 in Q2 2016. Its down 0.08, from 1.49 in 2016Q1. The ratio dived, 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.
Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys accumulated 1.04% or 1.95M shares. Cambridge Inv Rech accumulated 0.02% or 25,547 shares. Commonwealth Equity Svcs last reported 0.01% of its portfolio in the stock. Northeast Consultants has 11,500 shares for 0.15% of their US portfolio. Wellington Mgmt Gp Llp has 127,102 shares for 0% of their US portfolio. Blackhill accumulated 58,547 shares or 0.27% of the stock. Signaturefd Lc reported 19,825 shares or 0.08% of all its holdings. Center Coast Capital Advisors Limited Partnership holds 5.44 million shares or 4.38% of its portfolio. The Florida-based Raymond James And Associate has invested 0.01% in Sunoco Logistics Partners L.P. (NYSE:SXL). Picton Mahoney Asset Management last reported 3,700 shares in the company. Cutter & Brokerage owns 7,640 shares or 0.09% of their US portfolio. Tower Capital Ltd Liability Corp (Trc) holds 0% of its portfolio in Sunoco Logistics Partners L.P. (NYSE:SXL) for 1,572 shares. The Virginia-based Bb&T Secs Ltd Liability Company has invested 0.01% in Sunoco Logistics Partners L.P. (NYSE:SXL). Moreover, Salient Advsrs has 3.09% invested in Sunoco Logistics Partners L.P. (NYSE:SXL) for 4.84 million shares. Wade G W & last reported 13,589 shares in the company.

More notable recent Sunoco Logistics Partners L.P. (NYSE:SXL) news were published by: Forbes.com which released: “Sunoco Logistics Partners Stock Getting Very Oversold” on November 28, 2016, also Wsj.com with their article: “Sunoco Logistics to Buy Energy Transfer Partners” published on November 21, 2016, Philly.com published: “Sunoco Logistics-Energy Transfer deal: Cheaper together” on November 28, 2016. More interesting news about Sunoco Logistics Partners L.P. (NYSE:SXL) were released by: Businesswire.com and their article: “Energy Transfer Partners and Sunoco Logistics Partners Denounce Today’s …” published on November 15, 2016 as well as Businesswire.com‘s news article titled: “Energy Transfer Partners and Sunoco Logistics Partners Seek Federal Court …” with publication date: November 15, 2016.

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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