MGO One Seven LLC Increases Holdings in Sunoco LP (NYSE:SUN)

MGO One Seven LLC increased its position in Sunoco LP (NYSE:SUN - Free Report) by 43.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 26,217 shares of the oil and gas company's stock after purchasing an additional 7,991 shares during the period. MGO One Seven LLC's holdings in Sunoco were worth $1,349,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SUN. Barclays PLC lifted its stake in Sunoco by 908,833.3% in the third quarter. Barclays PLC now owns 436,288 shares of the oil and gas company's stock valued at $23,419,000 after buying an additional 436,240 shares during the last quarter. World Investment Advisors LLC raised its position in Sunoco by 5.6% in the 3rd 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 during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Sunoco during the 3rd quarter worth $165,000. Tidal Investments LLC grew its position in Sunoco by 17.0% during the 3rd quarter. Tidal Investments LLC now owns 7,597 shares of the oil and gas company's stock worth $408,000 after purchasing an additional 1,105 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in 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. 24.29% of the stock is owned by institutional investors and hedge funds.

Sunoco Stock Performance

SUN traded up $0.63 during trading on Tuesday, reaching $59.36. The company's stock had a trading volume of 298,451 shares, compared to its average volume of 503,533. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 1.27. The company's fifty day moving average price is $56.94 and its 200-day moving average price is $54.87. Sunoco LP has a 52-week low of $48.00 and a 52-week high of $59.82. The company has a market capitalization of $9.06 billion, a price-to-earnings ratio of 8.99 and a beta of 1.06.

Sunoco (NYSE:SUN - Get Free Report) last posted 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 net margin of 3.85% and a return on equity of 22.52%. On average, equities analysts forecast that Sunoco LP will post 10.65 earnings per share for the current fiscal year.

Sunoco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.8976 per share. The ex-dividend date of this dividend is Friday, May 9th. This is a boost from Sunoco's previous quarterly dividend of $0.89. This represents a $3.59 dividend on an annualized basis and a dividend yield of 6.05%. Sunoco's dividend payout ratio is 54.39%.

Analyst Upgrades and Downgrades

SUN has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Sunoco from $63.00 to $66.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Barclays lowered their target price on Sunoco from $62.00 to $61.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Finally, Mizuho upped their price target on Sunoco from $66.00 to $68.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $64.33.

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.