Zacks Investment Research cut shares of Sunoco Logistics Partners L.P. (NYSE:SXL) from a hold rating to a sell rating in a research report released on Tuesday morning.

According to Zacks, “Despite Sunoco Logistics' better-than-expected Q4 earnings, we have turned bearish on the partnership. Crude's historic decline has undoubtedly impacted the demand for transportation and storage services. With operations likely to generate weak cash and management still raising distribution, SXL's future looks bleak. Worringly, the distribution coverage ratio was below 1 in the fourth quarter – the 3rd successive sub-1 coverage. This points to the fact that the partnership does not have enough cash to cover their distribution. We also believe that MLP valuations will be largely disconnected from business fundamentals as long as the hoopla over falling crude prices continue. In the wake of weak industry sentiment and apprehensions of more punishing times ahead with future cash flows drying up, we see little reason for investors to hold the stock.”

A number of other research firms also recently commented on SXL. Mizuho upgraded shares of Sunoco Logistics Partners L.P. from a neutral rating to a buy rating and set a $30.00 price target on the stock in a research report on Monday, February 27th. Credit Suisse Group AG assumed coverage on shares of Sunoco Logistics Partners L.P. in a research report on Tuesday, February 28th. They set an outperform rating and a $31.00 price target on the stock. BMO Capital Markets downgraded shares of Sunoco Logistics Partners L.P. from an outperform rating to a market perform rating and dropped their price target for the stock from $35.00 to $26.00 in a research report on Tuesday, January 24th. Wolfe Research upgraded shares of Sunoco Logistics Partners L.P. from an underperform rating to a market perform rating in a research report on Tuesday, November 22nd. Finally, Jefferies Group LLC upgraded shares of Sunoco Logistics Partners L.P. from a hold rating to a buy rating and set a $27.00 price target on the stock in a research report on Thursday, January 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $30.12.

Sunoco Logistics Partners L.P. (NYSE:SXL) opened at 23.84 on Tuesday. The company’s 50 day moving average is $25.51 and its 200 day moving average is $25.84. The stock has a market cap of $7.91 billion, a P/E ratio of 24.35 and a beta of 1.12. Sunoco Logistics Partners L.P. has a 52 week low of $22.07 and a 52 week high of $31.49.

Sunoco Logistics Partners L.P. (NYSE:SXL) last released its quarterly earnings results on Wednesday, February 22nd. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.07. Sunoco Logistics Partners L.P. had a net margin of 6.16% and a return on equity of 6.58%. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the previous year, the firm earned $0.21 EPS. Sunoco Logistics Partners L.P.’s revenue was up 26.6% on a year-over-year basis. Equities analysts predict that Sunoco Logistics Partners L.P. will post $0.93 earnings per share for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley increased its position in shares of Sunoco Logistics Partners L.P. by 88.2% in the third quarter. Morgan Stanley now owns 6,556,653 shares of the company’s stock worth $186,274,000 after buying an additional 3,072,500 shares during the last quarter. Miller Howard Investments Inc. NY bought a new position in shares of Sunoco Logistics Partners L.P. during the third quarter worth approximately $37,972,000. Gen IV Investment Opportunities LLC bought a new position in shares of Sunoco Logistics Partners L.P. during the fourth quarter worth approximately $30,181,000. Alps Advisors Inc. increased its position in shares of Sunoco Logistics Partners L.P. by 7.8% in the third quarter. Alps Advisors Inc. now owns 14,614,898 shares of the company’s stock worth $415,209,000 after buying an additional 1,063,328 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. increased its position in shares of Sunoco Logistics Partners L.P. by 86.8% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,798,100 shares of the company’s stock worth $51,084,000 after buying an additional 835,500 shares during the last quarter. 64.42% of the stock is currently owned by hedge funds and other institutional investors.

About Sunoco Logistics Partners L.P.

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.

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