Large Outflow of Money Witnessed in Sunoco Logistics Partners LP

Sunoco Logistics Partners LP (SXL) managed to stay afloat and traded higher with an addition of 0.26 point or 1.04% at $25.78. The money flow data is a negative $(-1.32) million with $2.66 million in upticks and $3.98 million in downticks. The intraday up/down ratio came in at 0.67. The shares has seen -1.1% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0.86 million and the combined worth of the downticks was $2.41, Million, leading to the up/down ratio of 0.36. The block trade saw a net money flow of $(-1.55) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Sunoco Logistics Partners L.P. rose by 1.24% in the last five trading days and 8.83% for the last 4 weeks. Sunoco Logistics Partners L.P. is up 4.13% in the last 3-month period. Year-to-Date the stock performance stands at 8.83%. Sunoco Logistics Partners LP (NYSE:SXL) rose 2.43% or 0.62 points on Wednesday and made its way into the gainers of the day. After trading began at $25.98 the stock was seen hitting $26.26 as a peak level and $25.68 as the lowest level. The stock ended up at $26.14. The daily volume was measured at 3,359,305 shares. The 52-week high of the share price is $31.49 and the 52-week low is $16.5. The company has a market cap of $8,665 million.

Company has reported several Insider transactions to the SEC, on Feb 18, 2016, Basil Leon Bray (director) purchased 150 shares at 39.09 per share price.On Aug 25, 2015, Peter J Gvazdauskas (CFO) purchased 1,500 shares at 34.53 per share price.

Sunoco Logistics Partners L.P. Last issued its quarterly earnings results on Nov 9, 2016. The company reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. 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 companys 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.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Sunoco Logistics Partners L.P. was Upgraded by Jefferies to Buy on Jan 12, 2017. Sunoco Logistics Partners L.P. was Upgraded by RBC Capital Mkts on Dec 2, 2016 to Outperform, Price Target of the shares are set at $32.Sunoco Logistics Partners L.P. was Upgraded by Bernstein to Mkt Perform on Nov 8, 2016.

Sunoco Logistics Partners L.P. is a limited partnership recently formed by Sunoco, Inc. to acquire, own, and operate a geographically diverse and complementary group of refined product and crude oil pipelines and terminal facilities.


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