Sunoco Logistics Partners (SXL): Today's Featured Basic Materials Winner
(
) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 3.4%. By the end of trading, Sunoco Logistics Partners rose $2.27 (2.2%) to $104.89 on light volume. Throughout the day, 46,855 shares of Sunoco Logistics Partners exchanged hands as compared to its average daily volume of 86,000 shares. The stock ranged in a price between $101.97-$105.20 after having opened the day at $101.97 as compared to the previous trading day's close of $102.62. Other companies within the Basic Materials sector that increased today were:
(
), up 17.3%,
HKN Inc
(
HKN
), up 10.2%,
Energy Services of America Corporation
(
), up 7.9%, and
(
), up 7.8%.
Sunoco Logistics Partners L.P. engages in the transport, terminalling, and storage of refined products and crude oil, as well as the purchase and sale of crude oil in the United States. Sunoco Logistics Partners has a market cap of $3.45 billion and is part of the
industry. The company has a P/E ratio of 14.5, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 22.8% year to date as of the close of trading on Tuesday.
TheStreet Ratings rates Sunoco Logistics as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Sunoco Logistics Ratings Report.
On the negative front,
(
), down 17.4%,
(
), down 14.4%,
China Shen Zhou Mining & Resources Inc
(
), down 12.2%, and
(
), down 11.9%, were all losers within the basic materials sector with
(
) being today's basic materials sector loser.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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