Sunoco Logistics Partners L.P. (SXL) : Taylor Wealth Management Partners scooped up 160,575 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 Aug 3, 2016. The investment management firm now holds a total of 162,975 shares of Sunoco Logistics Partners L.P. which is valued at $4,913,696.Sunoco Logistics Partners L.P. makes up approximately 1.95% of Taylor Wealth Management Partners’s portfolio.
Other Hedge Funds, Including , Jennison Associates boosted its stake in SXL in the latest quarter, The investment management firm added 54,466 additional shares and now holds a total of 475,471 shares of Sunoco Logistics Partners L.P. which is valued at $14,335,451. Sunoco Logistics Partners L.P. makes up approx 0.02% of Jennison Associates’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.