Sunoco LP (NYSE:SUN) Shares Purchased by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. boosted its stake in shares of Sunoco LP (NYSE:SUN) by 16.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 111,630 shares of the oil and gas company’s stock after acquiring an additional 15,968 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Sunoco were worth $5,742,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its stake in Sunoco by 17.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,245 shares of the oil and gas company’s stock valued at $64,000 after buying an additional 182 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Sunoco by 1.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 10,637 shares of the oil and gas company’s stock valued at $570,000 after acquiring an additional 190 shares in the last quarter. Stifel Financial Corp raised its stake in Sunoco by 0.8% in the 3rd quarter. Stifel Financial Corp now owns 25,251 shares of the oil and gas company’s stock valued at $1,355,000 after purchasing an additional 194 shares during the last quarter. World Investment Advisors LLC raised its stake in Sunoco by 5.6% in the 3rd quarter. World Investment Advisors LLC now owns 3,800 shares of the oil and gas company’s stock valued at $204,000 after purchasing an additional 200 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its stake in Sunoco by 2.6% during the 3rd quarter. IHT Wealth Management LLC now owns 9,627 shares of the oil and gas company’s stock worth $517,000 after purchasing an additional 245 shares during the last quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SUN shares. 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 research report on Monday, December 9th. Mizuho raised their target price on shares of Sunoco from $61.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, Barclays upped their price target on Sunoco from $59.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.67.

Sunoco Trading Up 1.1 %

SUN opened at $58.52 on Friday. The business’s 50 day moving average price is $57.33 and its 200 day moving average price is $54.43. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 1.27. The stock has a market capitalization of $8.93 billion, a PE ratio of 8.87 and a beta of 1.35. Sunoco LP has a one year low of $49.45 and a one year high of $60.61.

Sunoco (NYSE:SUN) last released its quarterly earnings results on Tuesday, February 11th. The oil and gas company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.73). Sunoco had a return on equity of 22.52% and a net margin of 3.85%. As a group, equities research analysts expect that Sunoco LP will post 10.65 EPS for the current year.

Sunoco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were given a dividend of $0.8865 per share. The ex-dividend date was Friday, February 7th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 6.06%. This is a boost from Sunoco’s previous quarterly dividend of $0.88. Sunoco’s dividend payout ratio (DPR) is presently 53.64%.

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.