Eagle Global Advisors buys $30,915,330 stake in Sunoco Logistics Partners L.P. (SXL)

Sunoco Logistics Partners L.P. (SXL) : Eagle Global Advisors scooped up 981,000 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 15, 2016. The investment management firm now holds a total of 1,030,511 shares of Sunoco Logistics Partners L.P. which is valued at $30,915,330.Sunoco Logistics Partners L.P. makes up approximately 0.90% of Eagle Global Advisors’s portfolio.

Other Hedge Funds, Including , Clearbridge Investments boosted its stake in SXL in the latest quarter, The investment management firm added 82,000 additional shares and now holds a total of 2,772,202 shares of Sunoco Logistics Partners L.P. which is valued at $83,166,060. Sunoco Logistics Partners L.P. makes up approx 0.09% of Clearbridge Investments’s portfolio. Global Endowment Management Lp sold out all of its stake in SXL during the most recent quarter. The investment firm sold 35,036 shares of SXL which is valued $1,051,080. Quadrature Capital Ltd sold out all of its stake in SXL during the most recent quarter. The investment firm sold 17,561 shares of SXL which is valued $526,830.Castleark Management boosted its stake in SXL in the latest quarter, The investment management firm added 58,070 additional shares and now holds a total of 137,949 shares of Sunoco Logistics Partners L.P. which is valued at $4,138,470. Sunoco Logistics Partners L.P. makes up approx 0.13% of Castleark Management’s portfolio.

Sunoco Logistics Partners L.P. opened for trading at $30.33 and hit $30.6 on the upside on Wednesday, eventually ending the session at $30.49, with a gain of 1.23% or 0.37 points. The heightened volatility saw the trading volume jump to 995,944 shares. Company has a market cap of $9,370 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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