Sunoco LP (NYSE:SUN) Shares Sold by HUB Investment Partners LLC

HUB Investment Partners LLC decreased its stake in shares of Sunoco LP (NYSE:SUN - Free Report) by 10.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 215,793 shares of the oil and gas company's stock after selling 25,078 shares during the period. HUB Investment Partners LLC owned approximately 0.14% of Sunoco worth $11,100,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings 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 worth $117,644,000 after buying an additional 455,361 shares during the last quarter. Barclays PLC increased its position in Sunoco by 908,833.3% during the third quarter. Barclays PLC now owns 436,288 shares of the oil and gas company's stock valued at $23,419,000 after acquiring an additional 436,240 shares during the last quarter. ING Groep NV lifted its stake in shares of Sunoco by 223.7% in the 4th quarter. ING Groep NV now owns 513,715 shares of the oil and gas company's stock worth $26,426,000 after purchasing an additional 355,000 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Sunoco during the 4th quarter worth $17,739,000. Finally, Recurrent Investment Advisors LLC grew its holdings in Sunoco by 29.3% during the third 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 period. Hedge funds and other institutional investors own 24.29% of the company's stock.

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Sunoco Price Performance

Shares of Sunoco stock traded up $0.35 during trading hours on Monday, reaching $57.09. The stock had a trading volume of 351,085 shares, compared to its average volume of 494,677. 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 firm has a market capitalization of $8.71 billion, a PE ratio of 8.65 and a beta of 1.35. The stock's 50 day moving average is $57.08 and its 200 day moving average is $54.33. Sunoco LP has a twelve month low of $49.45 and a twelve month high of $62.55.

Sunoco (NYSE:SUN - Get Free Report) last issued its earnings results 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 net margin of 3.85% and a return on equity of 22.52%. Equities analysts expect 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 was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were paid a $0.8865 dividend. This represents a $3.55 dividend on an annualized basis and a dividend yield of 6.21%. This is an increase from Sunoco's previous quarterly dividend of $0.88. The ex-dividend date was Friday, February 7th. Sunoco's payout ratio is 53.64%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SUN shares. Barclays raised their price objective on shares of Sunoco from $59.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Mizuho lifted their price objective on shares of Sunoco from $61.00 to $66.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada increased their price target on Sunoco from $63.00 to $64.00 and gave the company an "outperform" rating in a report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Sunoco has a consensus rating of "Moderate Buy" and a consensus price target of $63.67.

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.