Custom Index Systems LLC Has $521,000 Stock Holdings in Sunoco LP (NYSE:SUN)

Custom Index Systems LLC reduced its position in Sunoco LP (NYSE:SUN - Free Report) by 52.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,130 shares of the oil and gas company's stock after selling 11,125 shares during the quarter. Custom Index Systems LLC's holdings in Sunoco were worth $521,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SUN. JPMorgan Chase & Co. raised its stake in Sunoco by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 2,191,570 shares of the oil and gas company's stock worth $117,644,000 after acquiring an additional 455,361 shares in the last quarter. Infrastructure Capital Advisors LLC increased its position in Sunoco by 3.1% during the 3rd quarter. Infrastructure Capital Advisors LLC now owns 1,087,407 shares of the oil and gas company's stock worth $58,372,000 after purchasing an additional 32,239 shares in the last quarter. Recurrent Investment Advisors LLC lifted its stake in Sunoco by 29.3% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 864,176 shares of the oil and gas company's stock valued at $46,389,000 after purchasing an additional 195,583 shares during the last quarter. Clearbridge Investments LLC boosted its position in Sunoco by 176.6% in the second quarter. Clearbridge Investments LLC now owns 700,229 shares of the oil and gas company's stock valued at $39,591,000 after buying an additional 447,072 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Sunoco by 5,437.3% during the third quarter. International Assets Investment Management LLC now owns 572,779 shares of the oil and gas company's stock worth $30,747,000 after buying an additional 562,435 shares during the last quarter. 24.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Mizuho increased their price target on Sunoco from $61.00 to $66.00 and gave the company an "outperform" rating in a research note on Monday. Barclays lifted their price target on Sunoco from $60.00 to $63.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada raised their price objective on shares of Sunoco from $63.00 to $64.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $63.43.

Sunoco Trading Up 2.7 %

NYSE:SUN traded up $1.53 on Tuesday, reaching $59.22. 531,002 shares of the stock traded hands, compared to its average volume of 583,065. The company has a current ratio of 1.16, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74. Sunoco LP has a 1-year low of $49.45 and a 1-year high of $64.89. The company's 50 day moving average is $53.65 and its 200-day moving average is $53.33. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 13.67 and a beta of 1.36.

Sunoco (NYSE:SUN - Get Free Report) last released its earnings results on Wednesday, November 6th. The oil and gas company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($1.79). Sunoco had a net margin of 2.72% and a return on equity of 19.77%. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the previous year, the firm earned $2.95 EPS. Sunoco's quarterly revenue was down 9.0% on a year-over-year basis. Equities research analysts anticipate that Sunoco LP will post 9.63 EPS for the current fiscal year.

Sunoco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th will be issued a $0.8865 dividend. This is an increase from Sunoco's previous quarterly dividend of $0.88. This represents a $3.55 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend is Friday, February 7th. Sunoco's payout ratio is presently 80.46%.

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.