Sunoco Logistics Partners L.P. (SXL) Shares Scheduled to Split on Thursday, June 12th
Sunoco Logistics Partners L.P. (NYSE:SXL) shares are scheduled to split on Thursday, June 12th, American Banking News reports. The 2-1 split was announced on Tuesday, May 6th. The newly created shares will be distributed to shareholders after the market closes on Wednesday, June 11th.
Sunoco Logistics Partners L.P. (NYSE:SXL) traded down 0.52% during mid-day trading on Wednesday, hitting $90.9038. The stock had a trading volume of 8,538 shares. Sunoco Logistics Partners L.P. has a 52-week low of $57.75 and a 52-week high of $95.63. The stock’s 50-day moving average is $90.81 and its 200-day moving average is $80.43. The company has a market cap of $9.452 billion and a price-to-earnings ratio of 32.39.
Sunoco Logistics Partners L.P. (NYSE:SXL) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. On average, analysts predict that Sunoco Logistics Partners L.P. will post $2.86 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Sunoco Logistics Partners L.P. in a research note on Friday, May 9th. They now have a $100.00 price target on the stock, up previously from $90.00. Separately, analysts at RBC Capital raised their price target on shares of Sunoco Logistics Partners L.P. from $80.00 to $93.00 in a research note on Thursday, May 8th. They now have a “sector perform” rating on the stock. Finally, analysts at Zacks upgraded shares of Sunoco Logistics Partners L.P. from an “underperform” rating to a “neutral” rating in a research note on Friday, April 11th. They now have a $91.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $84.43.
Sunoco Logistics Partners L.P. owns and operates a logistics business, consisting of a portfolio of complementary pipeline, terminalling, and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil and refined products.
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