Virtus Etf Advisers buys $9,462,414 stake in Sunoco Logistics Partners L.P. (SXL)

Sunoco Logistics Partners L.P. (SXL) : Virtus Etf Advisers scooped up 111,590 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 Nov 14, 2016. The investment management firm now holds a total of 344,589 shares of Sunoco Logistics Partners L.P. which is valued at $9,462,414.Sunoco Logistics Partners L.P. makes up approximately 4.74% of Virtus Etf Advisers’s portfolio.

Other Hedge Funds, Including , Northeast Financial Consultants Inc boosted its stake in SXL in the latest quarter, The investment management firm added 8,333 additional shares and now holds a total of 19,833 shares of Sunoco Logistics Partners L.P. which is valued at $477,777. Sunoco Logistics Partners L.P. makes up approx 0.21% of Northeast Financial Consultants Inc’s portfolio.Reilly Financial Advisors boosted its stake in SXL in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 689 shares of Sunoco Logistics Partners L.P. which is valued at $18,224.

Sunoco Logistics Partners L.P. closed down -0.69 points or -2.57% at $26.19 with 17,63,435 shares getting traded on Monday. Post opening the session at $26.93, the shares hit an intraday low of $26.12 and an intraday high of $26.99 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Sunoco Logistics Partners L.P. reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Nov 9, 2016. Analyst had a consensus of $0.20. The company had revenue of $2189.00 million for the quarter, compared to analysts expectations of $2470.53 million. The company’s revenue was down -9.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.07 EPS.

Many Wall Street Analysts have commented on Sunoco Logistics Partners L.P.. Sunoco Logistics Partners L.P. was Upgraded by Bernstein to ” Mkt Perform” on Nov 8, 2016. 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. 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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