Mitsubishi UFG Downgrades Sunoco Logistics Partners L.P. to Neutral

Brokerage firm Mitsubishi UFG Downgrades its rating on Sunoco Logistics Partners L.P.(NYSE:SXL). The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by Mitsubishi UFG was issued on Aug 5, 2016.

In a different note, On Jun 8, 2016, Jefferies said it Downgrades its rating on Sunoco Logistics Partners L.P.. The shares have been rated ‘Hold’ by the firm. Bernstein said it Initiates Coverage on Sunoco Logistics Partners L.P., according to a research note issued on May 11, 2016. The shares have been rated ‘Underperform’ by the firm.

Sunoco Logistics Partners L.P. (SXL) made into the market gainers list on Wednesdays trading session with the shares advancing 0.36% or 0.11 points. Due to strong positive momentum, the stock ended at $30.77, which is also near the day’s high of $30.82. The stock began the session at $30.7 and the volume stood at 6,87,135 shares. The 52-week high of the shares is $36.92 and the 52 week low is $15.43. The company has a current market capitalization of $9,456 M and it has 30,73,19,370 shares in outstanding.

Sunoco Logistics Partners L.P.(SXL) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.27B. Analysts had an estimated revenue of $2.09B. Earnings per share were $0.34. Analysts had estimated an EPS of $0.13.

Several Insider Transactions has been reported to the SEC. On Feb 18, 2016, Basil Leon Bray (director) purchased 150 shares at $39.09 per share price.Also, 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.

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