Sunoco LP $SUN Shares Acquired by Energy Income Partners LLC

Energy Income Partners LLC increased its stake in shares of Sunoco LP (NYSE:SUN) by 4.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,883,992 shares of the oil and gas company’s stock after purchasing an additional 73,696 shares during the quarter. Sunoco accounts for 2.0% of Energy Income Partners LLC’s holdings, making the stock its 15th largest holding. Energy Income Partners LLC owned about 1.23% of Sunoco worth $100,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. EP Wealth Advisors LLC boosted its stake in shares of Sunoco by 2.2% in the 1st quarter. EP Wealth Advisors LLC now owns 8,590 shares of the oil and gas company’s stock valued at $499,000 after buying an additional 186 shares during the period. Ameritas Advisory Services LLC raised its holdings in shares of Sunoco by 3.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the oil and gas company’s stock valued at $278,000 after purchasing an additional 193 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Sunoco by 41.7% during the 2nd quarter. Bessemer Group Inc. now owns 1,360 shares of the oil and gas company’s stock worth $72,000 after purchasing an additional 400 shares during the last quarter. Quad Cities Investment Group LLC grew its stake in shares of Sunoco by 4.1% during the second quarter. Quad Cities Investment Group LLC now owns 13,577 shares of the oil and gas company’s stock worth $728,000 after purchasing an additional 536 shares in the last quarter. Finally, United Advisor Group LLC increased its holdings in Sunoco by 8.2% in the second quarter. United Advisor Group LLC now owns 8,093 shares of the oil and gas company’s stock valued at $434,000 after buying an additional 614 shares during the last quarter. Hedge funds and other institutional investors own 24.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SUN. Barclays reaffirmed an “overweight” rating and set a $57.00 price target on shares of Sunoco in a report on Monday, November 17th. Raymond James Financial reissued an “outperform” rating and set a $70.00 target price on shares of Sunoco in a research report on Wednesday, November 5th. Wells Fargo & Company set a $65.00 target price on Sunoco and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Mizuho lowered their price target on Sunoco from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Friday, August 29th. Finally, Zacks Research cut shares of Sunoco from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Sunoco Stock Down 0.0%

Sunoco stock opened at $53.83 on Friday. The company has a market capitalization of $11.01 billion, a P/E ratio of 18.37 and a beta of 0.49. The company has a debt-to-equity ratio of 2.33, a quick ratio of 2.50 and a current ratio of 3.11. Sunoco LP has a fifty-two week low of $47.98 and a fifty-two week high of $59.88. The stock has a 50-day simple moving average of $53.10 and a 200-day simple moving average of $52.65.

Sunoco (NYSE:SUN) last released its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.90). Sunoco had a return on equity of 13.94% and a net margin of 2.61%.The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period last year, the firm earned ($0.26) EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Equities research analysts expect that Sunoco LP will post 10.65 earnings per share for the current year.

Sunoco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Thursday, October 30th were issued a $0.9202 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Thursday, October 30th. This is a positive change from Sunoco’s previous quarterly dividend of $0.91. Sunoco’s dividend payout ratio is presently 125.60%.

About Sunoco

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.