Sunoco Logistics Partners LP (NYSE:SXL) has tumbled 2.33% during the past week and has dropped 5.72% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.16%. Sunoco Logistics Partners LP (NYSE:SXL) has underperformed the index by 6.58% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Sunoco Logistics Partners LP (NYSE:SXL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.10 and $26.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.22, notching a gain of 0.78% for the day. The total traded volume was 1,724,922 . The stock had closed at $27.01 on the previous day.
The company shares have dropped -28.86% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $38.82 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $28.19 and the 200 Day Moving Average price is recorded at $24.92.
On the companys insider trading activities, Bray Basil Leon, director of Sunoco Logistics Partners L.P., executed a transaction worth $5,864 on May 16, 2014. A total of 150 shares were purchased at an average price of $39.09. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Jefferies, downgrades their rating on the shares of Sunoco Logistics Partners LP (NYSE:SXL). Jefferies has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 8, 2016. Currently the company Insiders own 3.74% of Sunoco Logistics Partners LP shares according to the proxy statements. Institutional Investors own 59.11% of Sunoco Logistics Partners LP shares.
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.