BB&T Investment Services Inc. bought a new stake in shares of Sunoco LP (NYSE:SUN) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,277 shares of the oil and gas company’s stock, valued at approximately $100,000.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of Sunoco by 2.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 111,323 shares of the oil and gas company’s stock valued at $3,408,000 after buying an additional 3,125 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Sunoco by 24.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,262 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 1,213 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Sunoco by 1.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,340,350 shares of the oil and gas company’s stock valued at $41,028,000 after buying an additional 17,894 shares in the last quarter. Virtu KCG Holdings LLC bought a new stake in shares of Sunoco in the 2nd quarter valued at approximately $509,000. Finally, Suntrust Banks Inc. bought a new stake in shares of Sunoco in the 2nd quarter valued at approximately $235,000. 30.86% of the stock is currently owned by institutional investors.

Shares of Sunoco LP (SUN) traded down 2.13% during midday trading on Friday, reaching $31.69. The company’s stock had a trading volume of 1,243,252 shares. The company has a 50-day moving average price of $31.47 and a 200-day moving average price of $30.39. Sunoco LP has a 12 month low of $21.01 and a 12 month high of $32.67. The firm’s market cap is $3.15 billion.

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SUN has been the subject of several recent research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $32.00 price target on shares of Sunoco in a research note on Tuesday, June 20th. BidaskClub cut Sunoco from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Mizuho cut Sunoco from a “neutral” rating to an “underperform” rating and set a $28.00 price target for the company. in a research note on Monday, July 10th. Deutsche Bank AG raised Sunoco from a “hold” rating to a “buy” rating and boosted their price target for the company from $31.00 to $36.00 in a research note on Thursday, July 13th. Finally, UBS AG reissued a “neutral” rating and issued a $30.00 price target (up previously from $28.00) on shares of Sunoco in a research note on Monday, August 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Sunoco has a consensus rating of “Hold” and an average target price of $31.25.

Sunoco Company Profile

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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