November 30, 2016 - By Dolores Ford · 0 Comments
Sunoco Logistics Partners LP (NYSE:SXL) institutional sentiment decreased to 1.41 in Q2 2016. Its down -0.08, from 1.49 in 2016Q1. The ratio is negative, as 127 investment managers increased and opened new holdings, while 85 sold and decreased positions in Sunoco Logistics Partners LP. The investment managers in our partner’s database now own: 174.45 million shares, up from 160.40 million shares in 2016Q1. Also, the number of investment managers holding Sunoco Logistics Partners LP in their top 10 holdings increased from 11 to 13 for an increase of 2. Sold All: 19 Reduced: 66 Increased: 92 New Position: 35.
Sunoco Logistics Partners L.P. owns and operates a logistics business. The company has a market cap of $7.72 billion. The Firm is engaged in the transport, terminalling and storage of crude oil, refined products and natural gas liquids . It has a 46.78 P/E ratio. The Company’s divisions include Crude Oil, Natural Gas Liquids and Refined Products.
About 555,357 shares traded hands. 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.
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 $75.62 million for 25.52 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.
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.”
Samson Capital Management Llc holds 7.47% of its portfolio in Sunoco Logistics Partners L.P. for 308,351 shares. Walnut Private Equity Partners Llc owns 231,347 shares or 6.45% of their US portfolio. Moreover, C V Starr & Co Inc has 5.58% invested in the company for 40,000 shares. The New York-based Heronetta Management L.P. has invested 5.53% in the stock. Tortoise Capital Advisors L.L.C., a Kansas-based fund reported 27.33 million shares.#img1#
Ratings analysis reveals 54% of Sunoco Logistics’s analysts are positive. Out of 13 Wall Street analysts rating Sunoco Logistics, 7 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $23 while the high is $50. The stock’s average target of $33.50 is 42.67% above today’s ($23.48) share price. SXL was included in 26 notes of analysts from August 7, 2015. The firm has “Underperform” rating given on Wednesday, May 11 by Bernstein. On Tuesday, March 15 the stock rating was maintained by JP Morgan with “Overweight”. On Friday, September 30 the stock rating was initiated by Mizuho with “Neutral”. On Wednesday, June 8 the stock rating was downgraded by Jefferies to “Hold”. The firm earned “Market Perform” rating on Wednesday, November 23 by BMO Capital Markets. The rating was upgraded by Wells Fargo to “Outperform” on Monday, August 10. The stock of Sunoco Logistics Partners L.P. (NYSE:SXL) has “Outperform” rating given on Friday, August 7 by Wells Fargo. BMO Capital Markets downgraded the shares of SXL in a report on Friday, November 25 to “Market Perform” rating. The company was downgraded on Thursday, January 28 by Stifel Nicolaus. The firm has “Mkt Perform” rating by Bernstein given on Tuesday, November 8.
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 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.
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By Dolores Ford