Oppenheimerfunds buys $468.1 Million stake in Sunoco Logistics Partners L.P. (SXL)

Sunoco Logistics Partners L.P. (SXL) : Oppenheimerfunds scooped up 807,590 additional shares in Sunoco Logistics Partners L.P. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 17,239,596 shares of Sunoco Logistics Partners L.P. which is valued at $468.1 Million.Sunoco Logistics Partners L.P. makes up approximately 0.62% of Oppenheimerfunds’s portfolio.

Other Hedge Funds, Including , Riverpoint Capital Management added SXL to its portfolio by purchasing 14,650 company shares during the most recent quarter which is valued at $397,748. Sunoco Logistics Partners L.P. makes up approx 0.04% of Riverpoint Capital Management’s portfolio.Chickasaw Capital Management boosted its stake in SXL in the latest quarter, The investment management firm added 734,987 additional shares and now holds a total of 7,095,254 shares of Sunoco Logistics Partners L.P. which is valued at $192.6 Million. Sunoco Logistics Partners L.P. makes up approx 5.74% of Chickasaw Capital Management’s portfolio.Alps Advisors Inc boosted its stake in SXL in the latest quarter, The investment management firm added 863,618 additional shares and now holds a total of 13,551,175 shares of Sunoco Logistics Partners L.P. which is valued at $367.9 Million. Sunoco Logistics Partners L.P. makes up approx 3.57% of Alps Advisors Inc’s portfolio.Stratos Wealth Partners Ltd. boosted its stake in SXL in the latest quarter, The investment management firm added 1,189 additional shares and now holds a total of 15,670 shares of Sunoco Logistics Partners L.P. which is valued at $425,441. Sunoco Logistics Partners L.P. makes up approx 0.04% of Stratos Wealth Partners Ltd.’s portfolio. Financial Architects Inc added SXL to its portfolio by purchasing 3,469 company shares during the most recent quarter which is valued at $94,183. Sunoco Logistics Partners L.P. makes up approx 0.03% of Financial Architects Inc’s portfolio.

Sunoco Logistics Partners L.P. opened for trading at $29.03 and hit $29.15 on the upside on Friday, eventually ending the session at $28.87, with a gain of 0.07% or 0.02 points. The heightened volatility saw the trading volume jump to 10,24,133 shares. Company has a market cap of $8,537 M.

On the company’s financial health, Sunoco Logistics Partners L.P. reported $0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.26. The company had revenue of $1777.00 million for the quarter, compared to analysts expectations of $2434.44 million. The company’s revenue was down -30.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Sunoco Logistics Partners L.P.. Sunoco Logistics Partners L.P. was Initiated by Bernstein to “Underperform” on May 11, 2016. Sunoco Logistics Partners L.P. was Downgraded by Credit Suisse to ” Neutral” on Mar 1, 2016.

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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