Sunoco Logistics Partners L.P. (SXL) : Yorkville Capital Management reduced its stake in Sunoco Logistics Partners L.P. by 4.71% during the most recent quarter end. The investment management company now holds a total of 84,797 shares of Sunoco Logistics Partners L.P. which is valued at $2,543,910 after selling 4,193 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 2.72% of Yorkville Capital Management’s portfolio.
Other Hedge Funds, Including , Fort Washington Investment Advisors Inc Oh reduced its stake in SXL by selling 66,000 shares or 44.88% in the most recent quarter. The Hedge Fund company now holds 81,050 shares of SXL which is valued at $2,431,500. Sunoco Logistics Partners L.P. makes up approx 0.04% of Fort Washington Investment Advisors Inc Oh’s portfolio.Janney Montgomery Scott reduced its stake in SXL by selling 1,210 shares or 4.78% in the most recent quarter. The Hedge Fund company now holds 24,094 shares of SXL which is valued at $713,423. Sunoco Logistics Partners L.P. makes up approx 0.01% of Janney Montgomery Scott’s portfolio.Country Club Trust Company N.a. reduced its stake in SXL by selling 5,807 shares or 23.11% in the most recent quarter. The Hedge Fund company now holds 19,318 shares of SXL which is valued at $549,790. Sunoco Logistics Partners L.P. makes up approx 0.08% of Country Club Trust Company N.a.’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.