J.W. Cole Advisors Inc. Purchases Shares of 7,938 Sunoco LP (NYSE:SUN)

J.W. Cole Advisors Inc. purchased a new position in Sunoco LP (NYSE:SUN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,938 shares of the oil and gas company's stock, valued at approximately $408,000.

Other hedge funds have also recently bought and sold shares of the company. Independence Bank of Kentucky purchased a new stake in Sunoco during the fourth quarter worth $53,000. Allworth Financial LP grew its stake in Sunoco by 90.6% in the 4th quarter. Allworth Financial LP now owns 1,723 shares of the oil and gas company's stock valued at $95,000 after acquiring an additional 819 shares during the last quarter. Kieckhefer Group LLC purchased a new position in Sunoco during the 4th quarter valued at about $129,000. Wilmington Savings Fund Society FSB acquired a new position in Sunoco during the third quarter worth about $165,000. Finally, World Investment Advisors LLC lifted its holdings in shares of Sunoco by 5.6% in the third quarter. World Investment Advisors LLC now owns 3,800 shares of the oil and gas company's stock valued at $204,000 after purchasing an additional 200 shares in the last quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

Sunoco Trading Down 0.5 %

Shares of SUN traded down $0.30 during mid-day trading on Monday, hitting $57.65. The company had a trading volume of 419,625 shares, compared to its average volume of 556,586. The business's 50-day simple moving average is $54.58 and its 200-day simple moving average is $53.62. 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 1-year low of $49.45 and a 1-year high of $64.89. The stock has a market cap of $8.80 billion, a PE ratio of 8.73 and a beta of 1.36.

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Sunoco (NYSE:SUN - Get Free Report) last released its 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 return on equity of 22.52% and a net margin of 3.85%. Sell-side analysts forecast that Sunoco LP will post 10.65 earnings per share for the current year.

Sunoco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were given a $0.8865 dividend. The ex-dividend date of this dividend was Friday, February 7th. 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 6.15%. Sunoco's dividend payout ratio (DPR) is currently 53.64%.

Analyst Upgrades and Downgrades

SUN has been the subject of a number of recent research reports. Barclays raised their price objective on shares of Sunoco from $60.00 to $63.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Royal Bank of Canada upped their price objective on shares of Sunoco from $63.00 to $64.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Finally, Mizuho lifted their target price on shares of Sunoco from $61.00 to $66.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $63.83.

Sunoco 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.