Barclays PLC Boosts Stake in Sunoco LP (NYSE:SUN)

Barclays PLC lifted its holdings in shares of Sunoco LP (NYSE:SUN - Free Report) by 908,833.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 436,288 shares of the oil and gas company's stock after buying an additional 436,240 shares during the period. Barclays PLC owned approximately 0.29% of Sunoco worth $23,419,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC bought a new position in shares of Sunoco during the 2nd quarter valued at $32,000. First Horizon Advisors Inc. purchased a new position in Sunoco in the second quarter worth about $38,000. Redwood Wealth Management Group LLC bought a new stake in shares of Sunoco during the 2nd quarter valued at about $46,000. HHM Wealth Advisors LLC purchased a new stake in shares of Sunoco during the 2nd quarter valued at about $93,000. Finally, Wealth Alliance Advisory Group LLC bought a new position in shares of Sunoco in the 2nd quarter worth approximately $207,000. 24.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SUN has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Sunoco from $61.00 to $63.00 and gave the company an "overweight" rating in a research report on Wednesday, September 4th. Royal Bank of Canada boosted their price objective on shares of Sunoco from $63.00 to $64.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Finally, Barclays upped their price objective on Sunoco from $60.00 to $63.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Sunoco has an average rating of "Moderate Buy" and a consensus target price of $62.75.

Sunoco Price Performance

Shares of SUN traded down $0.32 during trading hours on Friday, reaching $53.36. 288,919 shares of the stock traded hands, compared to its average volume of 355,341. The company has a market cap of $8.13 billion, a P/E ratio of 12.27 and a beta of 1.33. The company has a current ratio of 1.16, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74. The company's 50-day moving average price is $53.13 and its two-hundred day moving average price is $53.77. Sunoco LP has a 52-week low of $49.45 and a 52-week high of $64.89.

Sunoco (NYSE:SUN - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($1.79). Sunoco had a net margin of 2.72% and a return on equity of 19.77%. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the prior year, the business earned $2.95 earnings per share. Sunoco's revenue was down 9.0% compared to the same quarter last year. On average, analysts anticipate that Sunoco LP will post 7.16 earnings per share for the current year.

Sunoco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th were paid a $0.8756 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.50 annualized dividend and a yield of 6.56%. Sunoco's payout ratio is 80.46%.

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.