Sunoco Logistics Partners LP (SXL) : Tuesdays money flow data in Sunoco Logistics Partners LP (SXL) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $18.43 million, whereas, $5.64 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 3.27, in favor of the bulls. The total money flow into the stock was $12.79 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $13.13 million. The total value of block trades done on upticks was $15.89 million. The value of bearish trades on downticks was only $2.76 million.The up/down ratio in the block trades was a healthy 5.75 in favor of the bulls, suggesting strong buying in the stock by large traders. Sunoco Logistics Partners LP (SXL) fell $0.22 and traded at $29.91, down -0.73% for the day, over previous days close. On a weekly basis, the shares are -0.86% over the previous weeks close.
Also, In a research note released to the investors, Barclays maintains its rating on Sunoco Logistics Partners LP (NYSE:SXL).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Barclays raises the new price target from $33 per share to $36 per share. The rating by the firm was issued on August 16, 2016.
Sunoco Logistics Partners L.P. has dropped 1.25% in the last five trading days, however, the shares have posted positive gains of 9.68% in the last 4 weeks. Sunoco Logistics Partners L.P. is up 6.87% in the last 3-month period. Year-to-Date the stock performance stands at 23.03%.
Sunoco Logistics Partners LP (NYSE:SXL): The stock opened at $30.17 on Tuesday but the bulls could not build on the opening and the stock topped out at $30.43 for the day. The stock traded down to $29.69 during the day, due to lack of any buying support eventually closed down at $29.91 with a loss of -0.73% for the day. The stock had closed at $30.13 on the previous day. The total traded volume was 1,302,353 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Sunoco Logistics Partners L.P., Bray Basil Leon had purchased shares worth of $5,864 in a transaction dated on May 16, 2014. A total of 150 shares were purchased at a price of $39.09 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Sunoco Logistics Partners L.P. owns and operates a logistics business. The Company is engaged in the transport, terminalling and storage of crude oil, refined products and natural gas liquids (NGLs). 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. The Company operates through four segments: Crude Oil Pipelines, transport crude oil in the southwest and midwest United States; Crude Oil Acquisition and Marketing, gathers, purchases, markets and sells crude oil in the mid-continent United States; Terminal Facilities, consist of crude oil, refined products and NGL terminals, and Products Pipelines, consist of crude oil, refined products and NGL terminals.