Van ECK Associates Corp Has $1.55 Million Stock Position in Sunoco LP (NYSE:SUN)

Van ECK Associates Corp grew its position in Sunoco LP (NYSE:SUN - Free Report) by 41.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,131 shares of the oil and gas company's stock after purchasing an additional 8,782 shares during the quarter. Van ECK Associates Corp's holdings in Sunoco were worth $1,550,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Capital Advisors Inc. OK increased its position in Sunoco by 58.8% during the fourth quarter. Capital Advisors Inc. OK now owns 8,192 shares of the oil and gas company's stock worth $421,000 after acquiring an additional 3,033 shares during the period. Focus Financial Network Inc. grew its position in shares of Sunoco by 2.8% during the 4th quarter. Focus Financial Network Inc. now owns 16,558 shares of the oil and gas company's stock worth $852,000 after purchasing an additional 457 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of Sunoco by 6.2% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 4,256 shares of the oil and gas company's stock worth $219,000 after purchasing an additional 247 shares during the period. Miller Howard Investments Inc. NY raised its position in shares of Sunoco by 0.9% in the fourth quarter. Miller Howard Investments Inc. NY now owns 595,057 shares of the oil and gas company's stock valued at $30,610,000 after buying an additional 5,296 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its position in shares of Sunoco by 2.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 9,464 shares of the oil and gas company's stock valued at $487,000 after buying an additional 251 shares in the last quarter. Institutional investors own 24.29% of the company's stock.

Remove Ads

Sunoco Price Performance

Sunoco stock traded up $0.08 during midday trading on Tuesday, reaching $57.77. The company's stock had a trading volume of 346,918 shares, compared to its average volume of 550,762. The company has a current ratio of 1.27, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. The stock has a market cap of $8.82 billion, a PE ratio of 8.75 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 has a 50-day moving average price of $54.69 and a 200-day moving average price of $53.67.

Sunoco (NYSE:SUN - Get Free Report) last announced its quarterly 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 net margin of 3.85% and a return on equity of 22.52%. On average, sell-side analysts predict that Sunoco LP will post 10.65 EPS 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 issued a dividend of $0.8865 per share. The ex-dividend date was Friday, February 7th. This is an increase from Sunoco's previous quarterly dividend of $0.88. This represents a $3.55 annualized dividend and a dividend yield of 6.14%. Sunoco's dividend payout ratio is 53.64%.

Analyst Ratings Changes

SUN has been the topic of a number of recent research reports. Royal Bank of Canada raised their price objective on Sunoco from $63.00 to $64.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Mizuho raised their price target on Sunoco from $61.00 to $66.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Finally, Barclays upped their price objective 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. One research 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 company has a consensus rating of "Moderate Buy" and a consensus target price 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.