Lvw Advisors buys $2.9 Million stake in Sunoco Logistics Partners L.P. (SXL)

Sunoco Logistics Partners L.P. (SXL) : Lvw Advisors scooped up 52,582 additional shares in Sunoco Logistics Partners L.P. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 106,755 shares of Sunoco Logistics Partners L.P. which is valued at $2.9 Million.Sunoco Logistics Partners L.P. makes up approximately 0.93% of Lvw Advisors’s portfolio.

Other Hedge Funds, Including , National Penn Investors Trust Co Pa reduced its stake in SXL by selling 860 shares or 5.62% in the most recent quarter. The Hedge Fund company now holds 14,440 shares of SXL which is valued at $392,046. Sunoco Logistics Partners L.P. makes up approx 0.04% of National Penn Investors Trust Co Pa’s portfolio.Neuberger Berman Group reduced its stake in SXL by selling 382,982 shares or 18.82% in the most recent quarter. The Hedge Fund company now holds 1,651,945 shares of SXL which is valued at $46.8 Million. Sunoco Logistics Partners L.P. makes up approx 0.06% of Neuberger Berman Group’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. Summit Equities Inc added SXL to its portfolio by purchasing 38,423 company shares during the most recent quarter which is valued at $1.1 Million. Sunoco Logistics Partners L.P. makes up approx 0.31% of Summit Equities Inc’s portfolio.Diversified Trust Co boosted its stake in SXL in the latest quarter, The investment management firm added 2,388 additional shares and now holds a total of 85,477 shares of Sunoco Logistics Partners L.P. which is valued at $2.4 Million. Sunoco Logistics Partners L.P. makes up approx 0.34% of Diversified Trust Co’s portfolio.

Sunoco Logistics Partners L.P. opened for trading at $27.86 and hit $28.51 on the upside on Monday, eventually ending the session at $28.47, with a gain of 4.86% or 1.32 points. The heightened volatility saw the trading volume jump to 8,45,491 shares. Company has a market cap of $8,419 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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