Lvw Advisors Lowers stake in Sunoco Logistics Partners L.P. (SXL)

Sunoco Logistics Partners L.P. (SXL) : Lvw Advisors reduced its stake in Sunoco Logistics Partners L.P. by 0.7% during the most recent quarter end. The investment management company now holds a total of 106,004 shares of Sunoco Logistics Partners L.P. which is valued at $3,180,120 after selling 751 shares in Sunoco Logistics Partners L.P. , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Sunoco Logistics Partners L.P. makes up approximately 1.15% of Lvw Advisors’s portfolio.

Other Hedge Funds, Including , Airain Ltd added SXL to its portfolio by purchasing 40,511 company shares during the most recent quarter which is valued at $1,199,531. Sunoco Logistics Partners L.P. makes up approx 0.07% of Airain Ltd’s portfolio.Duff Phelps Investment Management Co boosted its stake in SXL in the latest quarter, The investment management firm added 165,000 additional shares and now holds a total of 962,600 shares of Sunoco Logistics Partners L.P. which is valued at $27,799,888. Sunoco Logistics Partners L.P. makes up approx 0.41% of Duff Phelps Investment Management Co’s portfolio.Quadrant Capital Group boosted its stake in SXL in the latest quarter, The investment management firm added 162 additional shares and now holds a total of 1,175 shares of Sunoco Logistics Partners L.P. which is valued at $33,934. Sunoco Logistics Partners L.P. makes up approx 0.02% of Quadrant Capital Group’s portfolio.

Sunoco Logistics Partners L.P. closed down -0.19 points or -0.62% at $30.29 with 8,44,244 shares getting traded on Tuesday. Post opening the session at $30.37, the shares hit an intraday low of $30.2 and an intraday high of $30.69 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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 Resumed by Morgan Stanley to “Equal-Weight” on Aug 15, 2016. Sunoco Logistics Partners L.P. was Downgraded by Jefferies to ” Hold” on Jun 8, 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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