Walnut Private Equity Partners buys $6,477,716 stake in Sunoco Logistics Partners L.P. (SXL)

Sunoco Logistics Partners L.P. (SXL) : Walnut Private Equity Partners scooped up 49,738 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 Jul 12, 2016. The investment management firm now holds a total of 231,347 shares of Sunoco Logistics Partners L.P. which is valued at $6,477,716.Sunoco Logistics Partners L.P. makes up approximately 5.19% of Walnut Private Equity Partners’s portfolio.

Other Hedge Funds, Including , Hollencrest Securities added SXL to its portfolio by purchasing 53,160 company shares during the most recent quarter which is valued at $1,509,744. Sunoco Logistics Partners L.P. makes up approx 0.23% of Hollencrest Securities’s portfolio.Ct Mason boosted its stake in SXL in the latest quarter, The investment management firm added 60,230 additional shares and now holds a total of 75,230 shares of Sunoco Logistics Partners L.P. which is valued at $2,136,532. Sunoco Logistics Partners L.P. makes up approx 0.89% of Ct Mason’s portfolio. Iowa State Bank added SXL to its portfolio by purchasing 550 company shares during the most recent quarter which is valued at $15,620. Sunoco Logistics Partners L.P. makes up approx 0.01% of Iowa State Bank’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in SXL by selling 1,572 shares or 5.12% in the most recent quarter. The Hedge Fund company now holds 29,156 shares of SXL which is valued at $828,030.

Sunoco Logistics Partners L.P. closed down -0.44 points or -1.56% at $27.69 with 10,13,269 shares getting traded on Friday. Post opening the session at $28.15, the shares hit an intraday low of $27.32 and an intraday high of $28.36 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Downgraded by Jefferies to ” Hold” on Jun 8, 2016. Sunoco Logistics Partners L.P. was Initiated by Bernstein to “Underperform” on May 11, 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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