Sunoco Logistics Partners L.P. (SXL) is Initiated by Mizuho to Neutral, Price Target at $30

Sunoco Logistics Partners L.P. (SXL) was Initiated by Mizuho to “Neutral” and the brokerage firm has set the Price Target at $30. Mizuho advised their investors in a research report released on Sep 30, 2016.

Many Wall Street Analysts have commented on Sunoco Logistics Partners L.P.. Sunoco Logistics Partners L.P. was Resumed by Morgan Stanley to “Equal-Weight” on Aug 15, 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. closed down -1.64 points or -5.62% at $27.52 with 1,15,34,992 shares getting traded on Tuesday. Post opening the session at $26.9, the shares hit an intraday low of $26.88 and an intraday high of $27.905 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Sunoco Logistics Partners L.P.

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