Mizuho Securities Initiates Coverage on Sunoco Logistics Partners L.P. to Neutral

Mizuho Securities Initiates Coverage on Sunoco Logistics Partners L.P.(NYSE:SXL). The shares have been rated Neutral. The rating by Mizuho Securities was issued on Sep 30, 2016.

In a different note, Stephens & Co. said it Initiates Coverage on Sunoco Logistics Partners L.P., according to a research note issued on Sep 29, 2016. The shares have been rated ‘Overweight’ by the firm. On Aug 16, 2016, Barclays said it Maintains its rating on Sunoco Logistics Partners L.P.. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 15, 2016, Morgan Stanley said it Assumes its rating on Sunoco Logistics Partners L.P.. The shares have been rated ‘Equal-weight’ by the firm. On Aug 5, 2016, Mitsubishi UFG said it Downgrades its rating on Sunoco Logistics Partners L.P.. The shares have been rated ‘Neutral’ by the firm.

Sunoco Logistics Partners L.P. (SXL) shares turned negative on Tuesdays trading session with the shares closing down -0.57 points or -2.03% at a volume of 12,76,327. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.09. The peak price level was also seen at $28.09 while the days lowest was $27.31. Finally the shares closed at $27.52. The 52-week high of the shares is $32.89 while the 52-week low is $15.43. According to the latest information available, the market cap of the company is $8,457 M.

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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