Sunoco Logistics Partners LP (NYSE:SXL) : 7 brokerage houses believe that Sunoco Logistics Partners LP (NYSE:SXL) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Sunoco Logistics Partners LP (NYSE:SXL). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 1.91.
Sunoco Logistics Partners LP (NYSE:SXL) : 9 Wall Street analysts covering Sunoco Logistics Partners LP (NYSE:SXL) believe that the average level the stock could reach for the short term is $31.11. The maximum price target given is $38 and the minimum target for short term is around $21, hence the standard deviation is calculated at $4.68.
For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Jefferies downgrades its ratings on Sunoco Logistics Partners LP (NYSE:SXL). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 8, 2016.
Sunoco Logistics Partners LP (NYSE:SXL): stock turned positive on Tuesday. Though the stock opened at $27.28, the bulls momentum made the stock top out at $27.8 level for the day. The stock recorded a low of $26.53 and closed the trading day at $27.73, in the green by 4.13%. The total traded volume for the day was 1,072,887. The stock had closed at $26.63 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Sunoco Logistics Partners L.P., Bray Basil Leon, had purchased 150 shares in a transaction dated on May 16, 2014. The transaction was executed at $39.09 per share with total amount equaling $5,864.
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.