Sunoco Logistics Partners L.P. (SXL) : Investors Capital Advisory Services reduced its stake in Sunoco Logistics Partners L.P. by 4.14% during the most recent quarter end. The investment management company now holds a total of 86,551 shares of Sunoco Logistics Partners L.P. which is valued at $2,609,513 after selling 3,736 shares in Sunoco Logistics Partners L.P. , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Sunoco Logistics Partners L.P. makes up approximately 0.50% of Investors Capital Advisory Services’s portfolio.
Other Hedge Funds, Including , Ftb Advisors reduced its stake in SXL by selling 358 shares or 9.14% in the most recent quarter. The Hedge Fund company now holds 3,557 shares of SXL which is valued at $102,726. Sunoco Logistics Partners L.P. makes up approx 0.01% of Ftb Advisors’s portfolio. Green Square Capital sold out all of its stake in SXL during the most recent quarter. The investment firm sold 11,668 shares of SXL which is valued $334,405.Mitchell Mcleod Pugh Williams Inc boosted its stake in SXL in the latest quarter, The investment management firm added 920 additional shares and now holds a total of 28,830 shares of Sunoco Logistics Partners L.P. which is valued at $818,484. Sunoco Logistics Partners L.P. makes up approx 0.61% of Mitchell Mcleod Pugh Williams Inc’s portfolio.
Sunoco Logistics Partners L.P. opened for trading at $29.72 and hit $30.25 on the upside on Monday, eventually ending the session at $29.94, with a gain of 1.11% or 0.33 points. The heightened volatility saw the trading volume jump to 10,95,766 shares. Company has a market cap of $9,201 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 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.