Sunoco Logistics Partners L.P. (SXL) : Diversified Trust Co reduced its stake in Sunoco Logistics Partners L.P. by 3.66% during the most recent quarter end. The investment management company now holds a total of 82,351 shares of Sunoco Logistics Partners L.P. which is valued at $2,360,180 after selling 3,126 shares in Sunoco Logistics Partners L.P. , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Sunoco Logistics Partners L.P. makes up approximately 0.32% of Diversified Trust Co’s portfolio.
Other Hedge Funds, Including , Mai Capital Management reduced its stake in SXL by selling 79,205 shares or 30.92% in the most recent quarter. The Hedge Fund company now holds 176,941 shares of SXL which is valued at $5,023,355. Sunoco Logistics Partners L.P. makes up approx 0.40% of Mai Capital Management’s portfolio. Neville Rodie Shaw Inc added SXL to its portfolio by purchasing 7,500 company shares during the most recent quarter which is valued at $210,000. Sunoco Logistics Partners L.P. makes up approx 0.02% of Neville Rodie Shaw Inc’s portfolio.Next Financial Group Inc boosted its stake in SXL in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 528 shares of Sunoco Logistics Partners L.P. which is valued at $14,995.
Sunoco Logistics Partners L.P. opened for trading at $28.45 and hit $28.88 on the upside on Friday, eventually ending the session at $28.88, with a gain of 1.19% or 0.34 points. The heightened volatility saw the trading volume jump to 9,81,382 shares. Company has a market cap of $8,540 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.
Investors should note that on Jul 25, 2016, Sunoco Logistics Partners L.P. announced a cash dividend of $0.5000. The company’s management has announced Aug 4, 2016 as the ex-dividend date and fixed the record date on Aug 8, 2016. The payable date has been fixed on Aug 12, 2016.
Many Wall Street Analysts have commented on Sunoco Logistics Partners L.P.. Sunoco Logistics Partners L.P. was Downgraded by Jefferies to ” Hold” on Jun 8, 2016. Sunoco Logistics Partners L.P. was Initiated by Bernstein to “Underperform” on May 11, 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.