Sanctuary Advisors LLC Has $5.88 Million Position in Sunoco LP (NYSE:SUN)

Sanctuary Advisors LLC grew its holdings in Sunoco LP (NYSE:SUN - Free Report) by 18.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,352 shares of the oil and gas company's stock after purchasing an additional 17,975 shares during the period. Sanctuary Advisors LLC owned about 0.08% of Sunoco worth $5,882,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SUN. JPMorgan Chase & Co. boosted its stake in shares of Sunoco by 26.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,191,570 shares of the oil and gas company's stock worth $117,644,000 after acquiring an additional 455,361 shares in the last quarter. International Assets Investment Management LLC grew its position in Sunoco by 5,437.3% during the third quarter. International Assets Investment Management LLC now owns 572,779 shares of the oil and gas company's stock worth $30,747,000 after buying an additional 562,435 shares in the last quarter. Avid Wealth Partners LLC bought a new position in Sunoco during the third quarter valued at about $850,000. FORA Capital LLC acquired a new position in Sunoco in the 3rd quarter valued at approximately $524,000. Finally, HighTower Advisors LLC lifted its position in shares of Sunoco by 4.1% in the 3rd quarter. HighTower Advisors LLC now owns 27,364 shares of the oil and gas company's stock worth $1,467,000 after acquiring 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 NYSE:SUN traded down $0.30 during trading on Monday, reaching $57.65. The stock had a trading volume of 419,625 shares, compared to its average volume of 556,586. The stock has a market capitalization of $8.80 billion, a PE ratio of 8.73 and a beta of 1.36. Sunoco LP has a 52 week low of $49.45 and a 52 week high of $64.89. The business's 50-day moving average price is $54.58 and its 200 day moving average price is $53.62. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.27 and a quick ratio of 0.66.

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Sunoco (NYSE:SUN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.75 EPS 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%. As a group, equities analysts predict that Sunoco LP will post 10.65 earnings per share for the current year.

Sunoco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders 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 6.15%. The ex-dividend date of this dividend was Friday, February 7th. Sunoco's dividend payout ratio is 53.64%.

Wall Street Analysts Forecast Growth

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

About Sunoco

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.