Sunoco Logistics Partners L.P. (SXL) : Huntington Steele reduced its stake in Sunoco Logistics Partners L.P. by 1.6% during the most recent quarter end. The investment management company now holds a total of 189,405 shares of Sunoco Logistics Partners L.P. which is valued at $5,545,778 after selling 3,072 shares in Sunoco Logistics Partners L.P. , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Sunoco Logistics Partners L.P. makes up approximately 2.19% of Huntington Steele’s portfolio.
Sunoco Logistics Partners L.P. closed down -0.12 points or -0.41% at $29.16 with 14,85,559 shares getting traded on Monday. Post opening the session at $29.17, the shares hit an intraday low of $28.27 and an intraday high of $29.26 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Oppenheimer Co Inc boosted its stake in SXL in the latest quarter, The investment management firm added 3,263 additional shares and now holds a total of 63,100 shares of Sunoco Logistics Partners L.P. which is valued at $1,847,568. Sunoco Logistics Partners L.P. makes up approx 0.06% of Oppenheimer Co Inc’s portfolio.Fcm Investmentstx reduced its stake in SXL by selling 240 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 12,597 shares of SXL which is valued at $368,840. Sunoco Logistics Partners L.P. makes up approx 0.20% of Fcm Investmentstx’s portfolio.Dividend Asset Capital reduced its stake in SXL by selling 81,536 shares or 2.82% in the most recent quarter. The Hedge Fund company now holds 2,808,378 shares of SXL which is valued at $81,330,627. Sunoco Logistics Partners L.P. makes up approx 2.26% of Dividend Asset Capital’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.