Sunoco LP (NYSE:SUN) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its position in Sunoco LP (NYSE:SUN - Free Report) by 11.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,377 shares of the oil and gas company's stock after acquiring an additional 10,080 shares during the quarter. Sanctuary Advisors LLC owned 0.06% of Sunoco worth $5,236,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Tortoise Capital Advisors L.L.C. raised its holdings in Sunoco by 26,345.6% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,351,368 shares of the oil and gas company's stock valued at $76,406,000 after acquiring an additional 1,346,258 shares during the last quarter. Infrastructure Capital Advisors LLC increased its stake in Sunoco by 3.1% in the third quarter. Infrastructure Capital Advisors LLC now owns 1,087,407 shares of the oil and gas company's stock valued at $58,372,000 after purchasing an additional 32,239 shares during the last quarter. Recurrent Investment Advisors LLC raised its position in Sunoco by 29.3% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 864,176 shares of the oil and gas company's stock valued at $46,389,000 after purchasing an additional 195,583 shares during the last quarter. Clearbridge Investments LLC lifted its position in Sunoco by 176.6% during the 2nd quarter. Clearbridge Investments LLC now owns 700,229 shares of the oil and gas company's stock worth $39,591,000 after acquiring an additional 447,072 shares during the period. Finally, Miller Howard Investments Inc. NY raised its position in Sunoco by 33.4% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 583,323 shares of the oil and gas company's stock worth $32,981,000 after buying an additional 146,152 shares during the last quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on SUN. Royal Bank of Canada upped their price target on Sunoco from $63.00 to $64.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. JPMorgan Chase & Co. lifted their price target on shares of Sunoco from $61.00 to $63.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 4th. Finally, Barclays upped their target price on shares of Sunoco from $60.00 to $63.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $62.75.

Sunoco Stock Down 0.6 %

Shares of SUN traded down $0.34 during mid-day trading on Monday, reaching $53.02. The company had a trading volume of 273,267 shares, compared to its average volume of 504,602. Sunoco LP has a 52 week low of $49.45 and a 52 week high of $64.89. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of 12.27 and a beta of 1.33. The firm has a 50-day moving average price of $53.13 and a 200 day moving average price of $53.77. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 1.16.

Sunoco (NYSE:SUN - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $1.53 by ($1.79). Sunoco had a return on equity of 19.77% and a net margin of 2.72%. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the previous year, the company earned $2.95 earnings per share. The company's revenue for the quarter was down 9.0% compared to the same quarter last year. On average, sell-side analysts forecast that Sunoco LP will post 7.16 EPS for the current year.

Sunoco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th were paid a $0.8756 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.50 annualized dividend and a yield of 6.61%. Sunoco's dividend payout ratio (DPR) is 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.