Icon Advisers Inc. Co. bought a new position in shares of Sunoco LP (NYSE:SUN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 36,000 shares of the oil and gas company's stock, valued at approximately $1,852,000.
Other hedge funds have also bought and sold shares of the company. Mariner LLC increased its holdings in shares of Sunoco by 9.1% in the fourth quarter. Mariner LLC now owns 39,909 shares of the oil and gas company's stock valued at $2,053,000 after purchasing an additional 3,341 shares during the period. Barclays PLC increased its holdings in shares of Sunoco by 6.8% during the 4th quarter. Barclays PLC now owns 466,019 shares of the oil and gas company's stock valued at $23,971,000 after purchasing an additional 29,731 shares in the last quarter. Townsquare Capital LLC acquired a new position in shares of Sunoco in the 4th quarter valued at $200,000. Neuberger Berman Group LLC boosted its holdings in Sunoco by 63.5% during the fourth quarter. Neuberger Berman Group LLC now owns 497,891 shares of the oil and gas company's stock worth $25,611,000 after buying an additional 193,278 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Sunoco during the fourth quarter valued at $17,739,000. Institutional investors and hedge funds own 24.29% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. Barclays reduced their target price on Sunoco from $62.00 to $61.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Mizuho upped their price objective on shares of Sunoco from $66.00 to $68.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $63.83.
Check Out Our Latest Stock Report on Sunoco
Sunoco Trading Up 0.6 %
NYSE SUN traded up $0.33 during trading on Friday, hitting $57.09. The stock had a trading volume of 230,036 shares, compared to its average volume of 508,869. The company has a market capitalization of $8.71 billion, a PE ratio of 8.65 and a beta of 1.06. Sunoco LP has a twelve month low of $48.00 and a twelve month high of $59.67. The company has a quick ratio of 0.66, a current ratio of 1.27 and a debt-to-equity ratio of 1.84. The firm has a 50 day moving average price of $56.81 and a 200 day moving average price of $54.60.
Sunoco (NYSE:SUN - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities research analysts forecast that Sunoco LP will post 10.65 earnings per share for the current year.
Sunoco Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were given a $0.8865 dividend. This is an increase from Sunoco's previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Friday, February 7th. This represents a $3.55 annualized dividend and a yield of 6.21%. Sunoco's dividend payout ratio is 53.64%.
About Sunoco
(
Free Report)
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.
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