Sunoco Logistics Partners LP (SXL) : Traders are getting increasingly bearish on Sunoco Logistics Partners LP (SXL), as can be seen in the addition of short positions from 3,347,923 on Jul 29, 2016, to 3,719,909 on August 15, 2016. The net change in shorts is 371,986 shares, an increase of 11.1%. 4 days remain before the expiry. The 1.7% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 1,044,414. The short interest information was released on Wednesday Aug 24th after the market close.
Sunoco Logistics Partners LP (NYSE:SXL): The stock opened at $30.07 on Wednesday but the bulls could not build on the opening and the stock topped out at $30.36 for the day. The stock traded down to $30.04 during the day, due to lack of any buying support eventually closed down at $30.24 with a loss of -0.17% for the day. The stock had closed at $30.29 on the previous day. The total traded volume was 616,185 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Sunoco Logistics Partners L.P., Bray Basil Leon had purchased shares worth of $5,864 in a transaction dated on May 16, 2014. A total of 150 shares were purchased at a price of $39.09 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.