XML Financial LLC Sells 3,525 Shares of Sunoco LP (NYSE:SUN)

XML Financial LLC reduced its stake in shares of Sunoco LP (NYSE:SUN) by 24.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,848 shares of the oil and gas company’s stock after selling 3,525 shares during the period. XML Financial LLC’s holdings in Sunoco were worth $558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SUN. International Assets Investment Management LLC raised its holdings in shares of Sunoco by 5,437.3% during the 3rd quarter. International Assets Investment Management LLC now owns 572,779 shares of the oil and gas company’s stock valued at $30,747,000 after buying an additional 562,435 shares in the last quarter. JPMorgan Chase & Co. grew its position in Sunoco by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 2,191,570 shares of the oil and gas company’s stock valued at $117,644,000 after acquiring an additional 455,361 shares during the last quarter. Clearbridge Investments LLC grew its position in Sunoco by 176.6% during the second quarter. Clearbridge Investments LLC now owns 700,229 shares of the oil and gas company’s stock valued at $39,591,000 after acquiring an additional 447,072 shares during the last quarter. Barclays PLC raised its stake in shares of Sunoco by 908,833.3% during the third quarter. Barclays PLC now owns 436,288 shares of the oil and gas company’s stock worth $23,419,000 after acquiring an additional 436,240 shares in the last quarter. Finally, Recurrent Investment Advisors LLC lifted its holdings in shares of Sunoco by 29.3% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 864,176 shares of the oil and gas company’s stock worth $46,389,000 after acquiring an additional 195,583 shares during the last quarter. 24.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SUN has been the topic of several recent research reports. Royal Bank of Canada increased their target price on shares of Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays raised their price objective on Sunoco from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.43.

Sunoco Trading Up 0.8 %

Shares of SUN opened at $55.15 on Thursday. The firm has a fifty day simple moving average of $53.17 and a two-hundred day simple moving average of $53.40. Sunoco LP has a twelve month low of $49.45 and a twelve month high of $64.89. The stock has a market capitalization of $8.41 billion, a P/E ratio of 12.68 and a beta of 1.36. The company has a quick ratio of 0.66, a current ratio of 1.16 and a debt-to-equity ratio of 1.74.

Sunoco (NYSE:SUN) last posted its earnings results on Wednesday, November 6th. The oil and gas company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($1.79). The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $6.09 billion. Sunoco had a return on equity of 19.77% and a net margin of 2.72%. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.95 earnings per share. On average, research analysts anticipate that Sunoco LP will post 6.87 EPS for the current year.

Sunoco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Friday, November 8th were issued a dividend of $0.8756 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 6.35%. Sunoco’s dividend payout ratio is presently 80.46%.

Sunoco Company 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.