Atria Wealth Solutions Inc. Purchases New Shares in Sunoco LP (NYSE:SUN)

Atria Wealth Solutions Inc. acquired a new stake in Sunoco LP (NYSE:SUN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,977 shares of the oil and gas company's stock, valued at approximately $256,000.

Several other institutional investors also recently bought and sold shares of SUN. Independence Bank of Kentucky acquired a new position in Sunoco during the 4th quarter worth $53,000. Allworth Financial LP increased its stake in shares of Sunoco by 90.6% during the fourth quarter. Allworth Financial LP now owns 1,723 shares of the oil and gas company's stock worth $95,000 after acquiring an additional 819 shares during the period. Kieckhefer Group LLC acquired a new position in shares of Sunoco during the 4th quarter worth $129,000. Venturi Wealth Management LLC boosted its position in Sunoco by 6,891.7% during the fourth quarter. Venturi Wealth Management LLC now owns 2,517 shares of the oil and gas company's stock worth $129,000 after purchasing an additional 2,481 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunoco in the third quarter valued at approximately $165,000. 24.29% of the stock is currently owned by institutional investors and hedge funds.

Sunoco Stock Performance

NYSE:SUN traded down $0.29 during mid-day trading on Wednesday, reaching $57.57. 500,560 shares of the company's stock were exchanged, compared to its average volume of 536,135. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 1.27. The firm has a market capitalization of $8.79 billion, a PE ratio of 8.72 and a beta of 1.36. Sunoco LP has a one year low of $49.45 and a one year high of $64.89. The business's fifty day simple moving average is $55.39 and its two-hundred day simple moving average is $53.92.

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Sunoco (NYSE:SUN - Get Free Report) last issued its earnings results on Tuesday, February 11th. The oil and gas company reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.73). Sunoco had a net margin of 3.85% and a return on equity of 22.52%. Analysts anticipate that Sunoco LP will post 10.65 earnings per share for the current fiscal year.

Sunoco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were paid a dividend of $0.8865 per share. The ex-dividend date was Friday, February 7th. This represents a $3.55 annualized dividend and a yield of 6.16%. This is a boost from Sunoco's previous quarterly dividend of $0.88. Sunoco's dividend payout ratio (DPR) is currently 53.64%.

Wall Street Analysts Forecast Growth

SUN has been the topic of a number of research reports. Royal Bank of Canada raised their target price on shares of Sunoco from $63.00 to $64.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Mizuho increased their price objective on Sunoco from $61.00 to $66.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Finally, Barclays upped their price target on Sunoco from $60.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $63.83.

About Sunoco

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates through two segments: Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel, as well as other petroleum products, such as propane and lubricating oil from independent refiners and oil companies and supplies it to company-operated retail stores, independently operated commission agents, and retail stores, as well as other commercial customers, including unbranded retail stores, other fuel distributors, school districts, municipalities, and other industrial customers.