M.E. Allison & CO. Inc. Buys Shares of 10,545 Sunoco LP (NYSE:SUN)

M.E. Allison & CO. Inc. bought a new position in Sunoco LP (NYSE:SUN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,545 shares of the oil and gas company's stock, valued at approximately $542,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Kieckhefer Group LLC bought a new position in Sunoco during the fourth quarter worth $129,000. Wilmington Savings Fund Society FSB bought a new position in shares of Sunoco during the 3rd quarter worth about $165,000. World Investment Advisors LLC raised its position in shares of Sunoco by 5.6% during 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 buying an additional 200 shares during the last quarter. Tyche Wealth Partners LLC lifted its stake in shares of Sunoco by 5.4% in the third quarter. Tyche Wealth Partners LLC now owns 3,905 shares of the oil and gas company's stock valued at $210,000 after buying an additional 200 shares during the period. Finally, CWA Asset Management Group LLC bought a new stake in shares of Sunoco in the third quarter valued at about $221,000. Institutional investors and hedge funds own 24.29% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on SUN. Barclays upped their target price on Sunoco from $60.00 to $63.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. Royal Bank of Canada upped their target price 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $62.43.

Sunoco Price Performance

Shares of SUN stock traded down $0.25 during trading hours on Monday, hitting $54.46. 288,623 shares of the company's stock were exchanged, compared to its average volume of 380,572. The stock's 50-day moving average is $53.04 and its 200-day moving average is $53.40. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 12.52 and a beta of 1.36. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.16 and a quick ratio of 0.66. 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 data 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). The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $6.09 billion. Sunoco had a return on equity of 19.77% and a net margin of 2.72%. The firm's quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.95 EPS. As a group, research analysts forecast that Sunoco LP will post 6.87 EPS for the current year.

Sunoco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Friday, November 8th were issued a $0.8756 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.50 annualized dividend and a yield of 6.43%. Sunoco's dividend payout ratio is currently 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.