Commonwealth Of Pennsylvania Public School Empls Retrmt Sys buys $58,649,280 stake in Sunoco Logistics Partners L.P. (SXL)

Sunoco Logistics Partners L.P. (SXL) : Commonwealth Of Pennsylvania Public School Empls Retrmt Sys scooped up 542,111 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 11, 2016. The investment management firm now holds a total of 1,954,976 shares of Sunoco Logistics Partners L.P. which is valued at $58,649,280.Sunoco Logistics Partners L.P. makes up approximately 1.11% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.

Other Hedge Funds, Including , Lvw Advisors reduced its stake in SXL by selling 751 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 106,004 shares of SXL which is valued at $3,180,120. Sunoco Logistics Partners L.P. makes up approx 1.15% of Lvw Advisors’s portfolio.Blackrock Advisors reduced its stake in SXL by selling 4,310 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 421,930 shares of SXL which is valued at $12,657,900. Sunoco Logistics Partners L.P. makes up approx 0.01% of Blackrock Advisors’s portfolio.Wesbanco Bank Inc boosted its stake in SXL in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 12,825 shares of Sunoco Logistics Partners L.P. which is valued at $380,646. Sunoco Logistics Partners L.P. makes up approx 0.02% of Wesbanco Bank Inc’s portfolio.Conning boosted its stake in SXL in the latest quarter, The investment management firm added 3,024 additional shares and now holds a total of 141,335 shares of Sunoco Logistics Partners L.P. which is valued at $4,050,661. Sunoco Logistics Partners L.P. makes up approx 0.17% of Conning’s portfolio.

Sunoco Logistics Partners L.P. closed down -0.19 points or -0.62% at $30.29 with 8,44,244 shares getting traded on Tuesday. Post opening the session at $30.37, the shares hit an intraday low of $30.2 and an intraday high of $30.69 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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