Sunoco Logistics Partners L.P. (SXL) : Smithbridge Asset Management Incde added new position in Sunoco Logistics Partners L.P. during the most recent quarter end. The investment management firm now holds 9,400 shares of Sunoco Logistics Partners L.P. which is valued at $282,000 , the company said in a statement filed on Aug 11, 2016 with the SEC.Sunoco Logistics Partners L.P. makes up approximately 0.25% of Smithbridge Asset Management Incde’s portfolio.
Other Hedge Funds, Including , 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. Airain Ltd added SXL to its portfolio by purchasing 40,511 company shares during the most recent quarter which is valued at $1,199,531. Sunoco Logistics Partners L.P. makes up approx 0.07% of Airain Ltd’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.