Barclays PLC Buys 29,731 Shares of Sunoco LP (NYSE:SUN)

Barclays PLC grew its holdings in Sunoco LP (NYSE:SUN - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 466,019 shares of the oil and gas company's stock after purchasing an additional 29,731 shares during the period. Barclays PLC owned about 0.31% of Sunoco worth $23,971,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. lifted its position in Sunoco by 2.3% during the fourth quarter. Invesco Ltd. now owns 8,868,926 shares of the oil and gas company's stock valued at $456,218,000 after purchasing an additional 198,859 shares during the period. JPMorgan Chase & Co. increased its position in shares of Sunoco by 26.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,191,570 shares of the oil and gas company's stock worth $117,644,000 after purchasing an additional 455,361 shares during the last quarter. Miller Howard Investments Inc. NY grew its position in Sunoco by 0.9% in the 4th quarter. Miller Howard Investments Inc. NY now owns 595,057 shares of the oil and gas company's stock valued at $30,610,000 after acquiring an additional 5,296 shares in the last quarter. ING Groep NV raised its holdings in shares of Sunoco by 223.7% in the 4th quarter. ING Groep NV now owns 513,715 shares of the oil and gas company's stock valued at $26,426,000 after purchasing an additional 355,000 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Sunoco by 63.5% in the fourth quarter. Neuberger Berman Group LLC now owns 497,891 shares of the oil and gas company's stock valued at $25,611,000 after acquiring an additional 193,278 shares in the last quarter. 24.29% of the stock is currently owned by institutional investors.

Sunoco Stock Performance

SUN traded up $1.61 during trading on Tuesday, reaching $58.37. 373,867 shares of the company's stock were exchanged, compared to its average volume of 507,794. The business has a 50 day moving average price of $56.83 and a 200 day moving average price of $54.69. The company has a market capitalization of $8.91 billion, a P/E ratio of 8.84 and a beta of 1.06. The company has a quick ratio of 0.66, a current ratio of 1.27 and a debt-to-equity ratio of 1.84. Sunoco LP has a fifty-two week low of $48.00 and a fifty-two week high of $59.67.

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

Sunoco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were issued a dividend of $0.8865 per share. This is a positive change from Sunoco's previous quarterly dividend of $0.88. This represents a $3.55 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend was Friday, February 7th. Sunoco's payout ratio is currently 53.64%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Mizuho boosted their price objective on shares of Sunoco from $66.00 to $68.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Barclays decreased their target price on shares of Sunoco from $62.00 to $61.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $63.83.

Sunoco Company Profile

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.