Sunoco LP (NYSE:SUN) Shares Bought by Capital Advisors Inc. OK

Capital Advisors Inc. OK boosted its holdings in shares of Sunoco LP (NYSE:SUN) by 58.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,192 shares of the oil and gas company’s stock after purchasing an additional 3,033 shares during the quarter. Capital Advisors Inc. OK’s holdings in Sunoco were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC increased its stake in shares of Sunoco by 5,437.3% in the third quarter. International Assets Investment Management LLC now owns 572,779 shares of the oil and gas company’s stock worth $30,747,000 after acquiring an additional 562,435 shares during the period. JPMorgan Chase & Co. boosted its holdings in Sunoco by 26.2% in 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 purchasing an additional 455,361 shares during the last quarter. Barclays PLC grew its position in Sunoco by 908,833.3% during the 3rd quarter. Barclays PLC now owns 436,288 shares of the oil and gas company’s stock worth $23,419,000 after purchasing an additional 436,240 shares during the period. Recurrent Investment Advisors LLC raised its stake in shares of Sunoco by 29.3% during the 3rd quarter. Recurrent Investment Advisors LLC now owns 864,176 shares of the oil and gas company’s stock valued at $46,389,000 after buying an additional 195,583 shares during the last quarter. Finally, ING Groep NV acquired a new position in shares of Sunoco in the 3rd quarter valued at about $8,520,000. 24.29% of the stock is currently owned by institutional investors and hedge funds.

Sunoco Stock Down 1.7 %

Sunoco stock opened at $56.35 on Thursday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.16 and a quick ratio of 0.66. The stock has a market capitalization of $8.59 billion, a PE ratio of 12.95 and a beta of 1.36. The business has a 50 day simple moving average of $53.95 and a 200-day simple moving average of $53.42. Sunoco LP has a 12 month low of $49.45 and a 12 month high of $64.89.

Sunoco (NYSE:SUN) last issued its quarterly earnings results on Tuesday, February 11th. The oil and gas company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.73). Sunoco had a return on equity of 19.77% and a net margin of 2.72%. On average, analysts anticipate that Sunoco LP will post 9.63 EPS for the current fiscal year.

Sunoco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be given a dividend of $0.8865 per share. This represents a $3.55 annualized dividend and a dividend yield of 6.29%. The ex-dividend date of this dividend is Friday, February 7th. This is an increase from Sunoco’s previous quarterly dividend of $0.88. Sunoco’s dividend payout ratio is 80.46%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Mizuho raised their target price on Sunoco from $61.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Barclays raised their price objective on shares of Sunoco from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada boosted their target price on shares of Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.43.

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.