Sunoco Logistics Partners L.P. (SXL) : Duff Phelps Investment Management Co scooped up 835,500 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 Oct 14, 2016. The investment management firm now holds a total of 1,798,100 shares of Sunoco Logistics Partners L.P. which is valued at $47,829,460.Sunoco Logistics Partners L.P. makes up approximately 0.69% of Duff Phelps Investment Management Co’s portfolio.
Other Hedge Funds, Including , W.g. Shaheen Associates Dba Whitney Co reduced its stake in SXL by selling 3,850 shares or 7.69% in the most recent quarter. The Hedge Fund company now holds 46,200 shares of SXL which is valued at $1,240,008. Sunoco Logistics Partners L.P. makes up approx 0.50% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Hollencrest Securities reduced its stake in SXL by selling 2,000 shares or 3.76% in the most recent quarter. The Hedge Fund company now holds 51,160 shares of SXL which is valued at $1,405,877. Sunoco Logistics Partners L.P. makes up approx 0.21% of Hollencrest Securities’s portfolio.Advisory Services Network reduced its stake in SXL by selling 385 shares or 14.55% in the most recent quarter. The Hedge Fund company now holds 2,261 shares of SXL which is valued at $61,341. Sunoco Logistics Partners L.P. makes up approx 0.01% of Advisory Services Network’s portfolio.
Sunoco Logistics Partners L.P. closed down -0.24 points or -0.89% at $26.6 with 8,03,542 shares getting traded on Friday. Post opening the session at $26.85, the shares hit an intraday low of $26.49 and an intraday high of $27.14 and the price fluctuated in this range throughout the day.Shares ended Friday 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.. Mizuho Initiated Sunoco Logistics Partners L.P. on Sep 30, 2016 to “Neutral”, Price Target of the shares are set at $30.Sunoco Logistics Partners L.P. was Resumed by Morgan Stanley to “Equal-Weight” on Aug 15, 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.