Chickasaw Capital Management LLC Grows Stake in Sunoco LP (NYSE:SUN)

Chickasaw Capital Management LLC increased its position in shares of Sunoco LP (NYSE:SUN - Free Report) by 21.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,000 shares of the oil and gas company's stock after acquiring an additional 13,600 shares during the period. Chickasaw Capital Management LLC owned approximately 0.05% of Sunoco worth $3,961,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SUN. Longfellow Investment Management Co. LLC purchased a new stake in shares of Sunoco in the second quarter worth $32,000. Redwood Wealth Management Group LLC bought a new stake in shares of Sunoco during the 2nd quarter valued at about $46,000. HHM Wealth Advisors LLC purchased a new position in shares of Sunoco during the second quarter worth about $93,000. Wilmington Savings Fund Society FSB bought a new position in shares of Sunoco in the third quarter worth approximately $165,000. Finally, World Investment Advisors LLC raised its stake in Sunoco by 5.6% in 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 purchasing an additional 200 shares in the last quarter. 24.29% of the stock is currently owned by hedge funds and other institutional investors.

Sunoco Trading Down 1.1 %

Shares of NYSE SUN traded down $0.59 during midday trading on Tuesday, hitting $51.71. 247,765 shares of the company traded hands, compared to its average volume of 301,891. Sunoco LP has a 12-month low of $49.45 and a 12-month high of $64.89. The firm has a market cap of $7.88 billion, a P/E ratio of 11.89 and a beta of 1.36. The stock has a 50-day moving average price of $52.86 and a 200 day moving average price of $53.61. 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 announced its earnings results 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). Sunoco had a return on equity of 19.77% and a net margin of 2.72%. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the prior year, the company posted $2.95 EPS. The firm's revenue was down 9.0% on a year-over-year basis. As a group, analysts expect that Sunoco LP will post 7.16 earnings per share for the current year.

Sunoco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were issued a dividend of $0.8756 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date of this dividend was Friday, November 8th. Sunoco's dividend payout ratio (DPR) is presently 80.46%.

Analyst Ratings Changes

SUN has been the topic of a number of research analyst reports. Barclays increased their price target on shares of Sunoco from $60.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, December 10th. Royal Bank of Canada lifted their price target on Sunoco from $63.00 to $64.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Sunoco has a consensus rating of "Moderate Buy" and an average price target of $62.75.

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.