Sunoco Logistics Partners L.P.(NYSE:SXL) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.29.
Sunoco Logistics Partners L.P. (SXL) shares turned negative on Wednesdays trading session with the shares closing down -0.58 points or -2.22% at a volume of 15,33,921. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.1. The peak price level was also seen at $26.1 while the days lowest was $25.52. Finally the shares closed at $25.52. The 52-week high of the shares is $31.49 while the 52-week low is $20.66. According to the latest information available, the market cap of the company is $8,459 M.
Several Insider Transactions has been reported to the SEC. On Feb 18, 2016, Basil Leon Bray (director) purchased 150 shares at $39.09 per share price.Also, On Aug 25, 2015, Peter J Gvazdauskas (CFO) purchased 1,500 shares at $34.53 per share price.
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.