Sunoco Logistics Partners L.P. (SXL) : Center Coast Capital Advisors Lp reduced its stake in Sunoco Logistics Partners L.P. by 19.06% during the most recent quarter end. The investment management company now holds a total of 4,578,531 shares of Sunoco Logistics Partners L.P. which is valued at $132,594,258 after selling 1,078,159 shares in Sunoco Logistics Partners L.P. , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Sunoco Logistics Partners L.P. makes up approximately 4.03% of Center Coast Capital Advisors Lp’s portfolio.
Sunoco Logistics Partners L.P. opened for trading at $28.93 and hit $29.48 on the upside on Friday, eventually ending the session at $28.96, with a gain of 0.24% or 0.07 points. The heightened volatility saw the trading volume jump to 10,80,728 shares. Company has a market cap of $8,170 M.
Other Hedge Funds, Including , Winslow Evans Crocker reduced its stake in SXL by selling 616 shares or 3.04% in the most recent quarter. The Hedge Fund company now holds 19,626 shares of SXL which is valued at $568,369. Sunoco Logistics Partners L.P. makes up approx 0.17% of Winslow Evans Crocker’s portfolio.Country Club Trust Company N.a. boosted its stake in SXL in the latest quarter, The investment management firm added 4,971 additional shares and now holds a total of 25,125 shares of Sunoco Logistics Partners L.P. which is valued at $636,668. Sunoco Logistics Partners L.P. makes up approx 0.09% of Country Club Trust Company N.a.’s portfolio.
On the company’s financial health, Sunoco Logistics Partners L.P. reported $-0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.40 based on the information available during the earnings call on Nov 4, 2015. Analyst had a consensus of $0.33. The company had revenue of $2407.00 million for the quarter, compared to analysts expectations of $3327.05 million. The company’s revenue was down -51.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.50 EPS.
Many Wall Street Analysts have commented on Sunoco Logistics Partners L.P.. Sunoco Logistics Partners L.P. was Downgraded by Credit Suisse to ” Neutral” on Mar 1, 2016. Sunoco Logistics Partners L.P. was Downgraded by Stifel to ” Hold” on Jan 28, 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.