LPL Financial LLC decreased its holdings in shares of Sunoco LP (NYSE:SUN - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,939 shares of the oil and gas company's stock after selling 15,099 shares during the quarter. LPL Financial LLC owned about 0.12% of Sunoco worth $9,153,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Rockefeller Capital Management L.P. increased its holdings in Sunoco by 15.9% in the third quarter. Rockefeller Capital Management L.P. now owns 11,789 shares of the oil and gas company's stock valued at $633,000 after purchasing an additional 1,613 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Sunoco in the 3rd quarter valued at about $416,000. Hilltop Holdings Inc. increased its stake in shares of Sunoco by 11.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 10,761 shares of the oil and gas company's stock valued at $578,000 after acquiring an additional 1,117 shares during the last quarter. HighTower Advisors LLC raised 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 valued at $1,467,000 after acquiring an additional 1,073 shares during the period. Finally, IHT Wealth Management LLC boosted its stake in Sunoco by 2.6% during the 3rd quarter. IHT Wealth Management LLC now owns 9,627 shares of the oil and gas company's stock worth $517,000 after acquiring an additional 245 shares during the last quarter. 24.29% of the stock is owned by institutional investors.
Sunoco Stock Up 5.0 %
Shares of Sunoco stock traded up $2.51 during trading hours on Wednesday, reaching $52.89. 682,455 shares of the company's stock were exchanged, compared to its average volume of 515,500. 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 company has a 50 day moving average of $57.16 and a two-hundred day moving average of $54.54. The stock has a market cap of $8.07 billion, a P/E ratio of 8.01 and a beta of 1.06. Sunoco LP has a fifty-two week low of $48.00 and a fifty-two week high of $59.67.
Sunoco (NYSE:SUN - Get Free Report) last posted its quarterly 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 return on equity of 22.52% and a net margin of 3.85%. On average, sell-side analysts forecast that Sunoco LP will post 10.65 EPS for the current fiscal year.
Sunoco Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were given a $0.8865 dividend. This represents a $3.55 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date was Friday, February 7th. This is a boost from Sunoco's previous quarterly dividend of $0.88. Sunoco's payout ratio is presently 53.64%.
Analysts Set New Price Targets
A number of research firms have issued reports on SUN. Mizuho boosted their target price on Sunoco from $66.00 to $68.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Barclays decreased their price objective on Sunoco from $62.00 to $61.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $63.83.
Check Out Our Latest Analysis on SUN
Sunoco Profile
(
Free Report)
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.
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