Fiduciary Financial Services Of The Southwest Inc Tx Lowers stake in Sunoco Logistics Partners L.P. (SXL)

Sunoco Logistics Partners L.P. (SXL) : Fiduciary Financial Services Of The Southwest Inc Tx reduced its stake in Sunoco Logistics Partners L.P. by 3.44% during the most recent quarter end. The investment management company now holds a total of 278,137 shares of Sunoco Logistics Partners L.P. which is valued at $7.6 Million after selling 9,905 shares in Sunoco Logistics Partners L.P. , the firm said in a disclosure report filed with the SEC on May 13, 2016.Sunoco Logistics Partners L.P. makes up approximately 2.63% of Fiduciary Financial Services Of The Southwest Inc Tx’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates reduced its stake in SXL by selling 17,464 shares or 4.15% in the most recent quarter. The Hedge Fund company now holds 403,590 shares of SXL which is valued at $11 Million. Sunoco Logistics Partners L.P. makes up approx 0.02% of Parametric Portfolio Associates’s portfolio. Group One Trading sold out all of its stake in SXL during the most recent quarter. The investment firm sold 15,153 shares of SXL which is valued $411,404.Picton Mahoney Asset Management reduced its stake in SXL by selling 255,900 shares or 98.57% in the most recent quarter. The Hedge Fund company now holds 3,700 shares of SXL which is valued at $100,455. Sunoco Logistics Partners L.P. makes up approx 0.01% of Picton Mahoney Asset Management’s portfolio.Investors Capital Advisory Services reduced its stake in SXL by selling 2,930 shares or 3.14% in the most recent quarter. The Hedge Fund company now holds 90,287 shares of SXL which is valued at $2.5 Million. Sunoco Logistics Partners L.P. makes up approx 0.50% of Investors Capital Advisory Services’s portfolio.Samson Capital Management boosted its stake in SXL in the latest quarter, The investment management firm added 57,207 additional shares and now holds a total of 315,994 shares of Sunoco Logistics Partners L.P. which is valued at $8.9 Million. Sunoco Logistics Partners L.P. makes up approx 8.51% of Samson Capital Management’s portfolio.

Sunoco Logistics Partners L.P. opened for trading at $28.49 and hit $29 on the upside on Wednesday, eventually ending the session at $28.57, with a gain of 0.56% or 0.16 points. The heightened volatility saw the trading volume jump to 5,38,718 shares. Company has a market cap of $8,448 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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