Samson Capital Management Lowers stake in Sunoco Logistics Partners L.P. (SXL)

Sunoco Logistics Partners L.P. (SXL) : Samson Capital Management reduced its stake in Sunoco Logistics Partners L.P. by 2.42% during the most recent quarter end. The investment management company now holds a total of 308,351 shares of Sunoco Logistics Partners L.P. which is valued at $9,232,029 after selling 7,643 shares in Sunoco Logistics Partners L.P. , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Sunoco Logistics Partners L.P. makes up approximately 8.72% of Samson Capital Management’s portfolio.

Other Hedge Funds, Including , Penserra Capital Management reduced its stake in SXL by selling 18 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 916 shares of SXL which is valued at $27,187.Blair William Coil boosted its stake in SXL in the latest quarter, The investment management firm added 16,570 additional shares and now holds a total of 245,685 shares of Sunoco Logistics Partners L.P. which is valued at $7,291,931. Sunoco Logistics Partners L.P. makes up approx 0.06% of Blair William Coil’s portfolio.Reilly Financial Advisors boosted its stake in SXL in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 677 shares of Sunoco Logistics Partners L.P. which is valued at $20,412.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.

Sunoco Logistics Partners L.P. opened for trading at $30.7 and hit $30.82 on the upside on Wednesday, eventually ending the session at $30.77, with a gain of 0.36% or 0.11 points. The heightened volatility saw the trading volume jump to 6,87,135 shares. Company has a market cap of $9,456 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 Resumed by Morgan Stanley to “Equal-Weight” on Aug 15, 2016. Sunoco Logistics Partners L.P. was Downgraded by Jefferies to ” Hold” on Jun 8, 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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