Invesco Ltd. grew its holdings in shares of Sunoco LP (NYSE:SUN - Free Report) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,868,926 shares of the oil and gas company's stock after purchasing an additional 198,859 shares during the period. Invesco Ltd. owned approximately 5.82% of Sunoco worth $456,218,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of SUN. Sanctuary Advisors LLC raised its position in Sunoco by 11.7% in the third quarter. Sanctuary Advisors LLC now owns 96,377 shares of the oil and gas company's stock worth $5,236,000 after acquiring an additional 10,080 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of Sunoco in the 4th quarter valued at about $256,000. JPMorgan Chase & Co. lifted its stake in shares of Sunoco by 26.2% in the third quarter. JPMorgan Chase & Co. now owns 2,191,570 shares of the oil and gas company's stock valued at $117,644,000 after purchasing an additional 455,361 shares during the period. Virtu Financial LLC purchased a new stake in Sunoco during the fourth quarter worth about $239,000. Finally, HighTower Advisors LLC grew its position in Sunoco by 4.1% during the third quarter. HighTower Advisors LLC now owns 27,364 shares of the oil and gas company's stock worth $1,467,000 after buying an additional 1,073 shares during the period. 24.29% of the stock is owned by hedge funds and other institutional investors.
Sunoco Price Performance
Shares of Sunoco stock traded up $0.57 during trading on Monday, hitting $54.44. 96,670 shares of the company were exchanged, compared to its average volume of 511,703. The firm has a 50 day moving average price of $56.92 and a 200 day moving average price of $54.54. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 8.25 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 released its quarterly 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 return on equity of 22.52% and a net margin of 3.85%. On average, equities analysts expect that Sunoco LP will post 10.65 earnings per share for the current fiscal year.
Sunoco Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid a dividend of $0.8865 per share. This is a boost from Sunoco's previous quarterly dividend of $0.88. This represents a $3.55 annualized dividend and a dividend yield of 6.51%. The ex-dividend date was Friday, February 7th. Sunoco's dividend payout ratio (DPR) is currently 53.64%.
Wall Street Analysts Forecast Growth
SUN has been the subject of a number of research reports. Barclays reduced their price target on shares of Sunoco from $62.00 to $61.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Mizuho boosted their target price on Sunoco from $66.00 to $68.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. 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, Sunoco has an average rating of "Moderate Buy" and an average price target of $63.83.
Get Our Latest Stock Report on SUN
Sunoco Profile
(
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.
Further Reading
Before you consider Sunoco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sunoco wasn't on the list.
While Sunoco currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
