Cullen Frost Bankers Inc. continued to hold its position in shares of Sunoco LP (NYSE:SUN) during the second quarter, according to its most recent filing with the SEC. The firm owned 13,000 shares of the oil and gas company’s stock at the end of the second quarter. Cullen Frost Bankers Inc.’s holdings in Sunoco were worth $398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SUN. Groesbeck Investment Management Corp NJ increased its position in Sunoco by 22.4% in the first quarter. Groesbeck Investment Management Corp NJ now owns 15,211 shares of the oil and gas company’s stock valued at $367,000 after buying an additional 2,788 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Sunoco by 34.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 173,936 shares of the oil and gas company’s stock valued at $4,204,000 after buying an additional 45,039 shares during the period. Wade G W & Inc. purchased a new position in Sunoco during the first quarter valued at $302,000. Texas Yale Capital Corp. increased its position in Sunoco by 42.3% in the first quarter. Texas Yale Capital Corp. now owns 21,850 shares of the oil and gas company’s stock valued at $528,000 after buying an additional 6,500 shares during the period. Finally, Wellington Shields Capital Management LLC increased its position in Sunoco by 120.3% in the first quarter. Wellington Shields Capital Management LLC now owns 28,200 shares of the oil and gas company’s stock valued at $682,000 after buying an additional 15,400 shares during the period. 27.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sunoco LP (NYSE:SUN) opened at 30.26 on Wednesday. The company’s 50 day moving average is $30.81 and its 200 day moving average is $28.76. Sunoco LP has a 12-month low of $21.01 and a 12-month high of $32.67. The firm’s market capitalization is $3.01 billion.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, August 7th will be issued a $0.8255 dividend. This represents a $3.30 annualized dividend and a dividend yield of 10.91%. The ex-dividend date is Thursday, August 3rd. Sunoco’s payout ratio is presently -57.19%.

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Several research firms have recently weighed in on SUN. Mizuho downgraded shares of Sunoco from a “neutral” rating to an “underperform” rating and set a $28.00 target price on the stock. in a research report on Monday, July 10th. BidaskClub raised shares of Sunoco from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. TheStreet raised shares of Sunoco from a “d+” rating to a “c-” rating in a research report on Wednesday, April 26th. Deutsche Bank AG raised shares of Sunoco from a “hold” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $36.00 in a research report on Thursday, July 13th. Finally, Vetr raised shares of Sunoco from a “hold” rating to a “buy” rating and set a $32.56 target price on the stock in a research report on Thursday, June 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Sunoco has an average rating of “Hold” and a consensus target price of $31.04.

About Sunoco

Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.

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Institutional Ownership by Quarter for Sunoco (NYSE:SUN)

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