Sunoco Logistics Partners L.P. (SXL) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Jun 8, 2016.
Many Wall Street Analysts have commented on Sunoco Logistics Partners L.P.. Sunoco Logistics Partners L.P. was Initiated by Bernstein to “Underperform” on May 11, 2016.
On the company’s financial health, Sunoco Logistics Partners L.P. reported $0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.26. The company had revenue of $1777.00 million for the quarter, compared to analysts expectations of $2434.44 million. The company’s revenue was down -30.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.10 EPS.
Sunoco Logistics Partners L.P. opened for trading at $29.34 and hit $29.57 on the upside on Tuesday, eventually ending the session at $29.43, with a gain of 0.93% or 0.27 points. The heightened volatility saw the trading volume jump to 7,75,943 shares. Company has a market cap of $8,702 M.
In a different news, on Feb 18, 2016, Basil Leon Bray (director) purchased 150 shares at $39.09 per share price. According to the SEC, on Aug 25, 2015, Peter J Gvazdauskas (CFO) purchased 1,500 shares at $34.53 per share price.
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.