Cordasco Financial Network maintained its stake in Sunoco Logistics Partners L.P. (NYSE:SXL) during the second quarter, Holdings Channel reports. The firm owned 6,000 shares of the company’s stock at the end of the second quarter. Cordasco Financial Network’s holdings in Sunoco Logistics Partners L.P. were worth $173,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in SXL. Wade G W & Inc. acquired a new stake in Sunoco Logistics Partners L.P. during the first quarter worth approximately $341,000. Glenmede Trust Co. NA increased its stake in Sunoco Logistics Partners L.P. by 4.0% in the first quarter. Glenmede Trust Co. NA now owns 24,853 shares of the company’s stock worth $622,000 after buying an additional 950 shares during the last quarter. Commonwealth Equity Services Inc increased its stake in Sunoco Logistics Partners L.P. by 9.4% in the first quarter. Commonwealth Equity Services Inc now owns 97,067 shares of the company’s stock worth $2,433,000 after buying an additional 8,372 shares during the last quarter. IFP Advisors Inc increased its stake in Sunoco Logistics Partners L.P. by 9.4% in the first quarter. IFP Advisors Inc now owns 11,609 shares of the company’s stock worth $291,000 after buying an additional 993 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. increased its stake in Sunoco Logistics Partners L.P. by 8.9% in the first quarter. Duff & Phelps Investment Management Co. now owns 797,600 shares of the company’s stock worth $19,996,000 after buying an additional 65,400 shares during the last quarter.

Sunoco Logistics Partners L.P. (NYSE:SXL) traded up 1.40% during mid-day trading on Monday, reaching $28.19. 481,252 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $29.67 and a 200-day moving average price of $27.89. The stock has a market cap of $8.66 billion, a P/E ratio of 102.51 and a beta of 0.86. Sunoco Logistics Partners L.P. has a 1-year low of $15.43 and a 1-year high of $32.89.

Sunoco Logistics Partners L.P. (NYSE:SXL) last issued its earnings results on Wednesday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.22. The business earned $2.27 billion during the quarter, compared to the consensus estimate of $2.08 billion. The firm’s revenue for the quarter was down 29.2% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS. Equities research analysts anticipate that Sunoco Logistics Partners L.P. will post $1.05 EPS for the current fiscal year.

SXL has been the topic of a number of research reports. Jefferies Group downgraded shares of Sunoco Logistics Partners L.P. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $29.43 to $31.00 in a report on Wednesday, June 8th. Zacks Investment Research downgraded shares of Sunoco Logistics Partners L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Citigroup Inc. downgraded shares of Sunoco Logistics Partners L.P. to a “neutral” rating and dropped their target price for the stock from $38.00 to $34.00 in a report on Friday, August 5th. They noted that the move was a valuation call. Mitsubishi UFJ Financial Group lowered shares of Sunoco Logistics Partners L.P. from an “overweight” rating to a “neutral” rating and set a $34.00 price target on the stock. in a report on Thursday, August 4th. Finally, Morgan Stanley assumed coverage on shares of Sunoco Logistics Partners L.P. in a report on Monday, August 15th. They set an “equal weight” rating and a $33.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$33.08.

Sunoco Logistics Partners L.P. Company Profile

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). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products. 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.

5 Day Chart for NYSE:SXL

Want to see what other hedge funds are holding SXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sunoco Logistics Partners L.P. (NYSE:SXL).

Receive News & Ratings for Sunoco Logistics Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco Logistics Partners L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.