Hollow Brook Wealth Management Lowers stake in Sunoco Logistics Partners L.P. (SXL)

Sunoco Logistics Partners L.P. (SXL) : Hollow Brook Wealth Management reduced its stake in Sunoco Logistics Partners L.P. by 34.83% during the most recent quarter end. The investment management company now holds a total of 24,879 shares of Sunoco Logistics Partners L.P. which is valued at $746,370 after selling 13,295 shares in Sunoco Logistics Partners L.P. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Sunoco Logistics Partners L.P. makes up approximately 0.51% of Hollow Brook Wealth Management’s portfolio.

Other Hedge Funds, Including , Williams Jones Associates reduced its stake in SXL by selling 3,260 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 320,195 shares of SXL which is valued at $9,605,850. Sunoco Logistics Partners L.P. makes up approx 0.43% of Williams Jones Associates’s portfolio.Parametric Portfolio Associates boosted its stake in SXL in the latest quarter, The investment management firm added 178,417 additional shares and now holds a total of 582,007 shares of Sunoco Logistics Partners L.P. which is valued at $17,460,210. Sunoco Logistics Partners L.P. makes up approx 0.03% of Parametric Portfolio Associates’s portfolio.King Luther Capital Management Corp boosted its stake in SXL in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 12,820 shares of Sunoco Logistics Partners L.P. which is valued at $384,600.Hap Trading boosted its stake in SXL in the latest quarter, The investment management firm added 7,061 additional shares and now holds a total of 29,897 shares of Sunoco Logistics Partners L.P. which is valued at $885,250. Sunoco Logistics Partners L.P. makes up approx 0.07% of Hap Trading’s portfolio.Signaturefd boosted its stake in SXL in the latest quarter, The investment management firm added 450 additional shares and now holds a total of 19,825 shares of Sunoco Logistics Partners L.P. which is valued at $572,546. Sunoco Logistics Partners L.P. makes up approx 0.08% of Signaturefd’s portfolio.

Sunoco Logistics Partners L.P. closed down -0.05 points or -0.17% at $29.55 with 5,23,151 shares getting traded on Thursday. Post opening the session at $29.43, the shares hit an intraday low of $28.96 and an intraday high of $29.685 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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