Wealthcare Advisory Partners LLC Has $528,000 Stock Position in Sunoco LP (NYSE:SUN)

Wealthcare Advisory Partners LLC grew its stake in Sunoco LP (NYSE:SUN) by 15.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,255 shares of the oil and gas company’s stock after purchasing an additional 1,371 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Sunoco were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in 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 worth $30,747,000 after acquiring an additional 562,435 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 purchasing an additional 455,361 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of 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 purchasing an additional 447,072 shares during the last quarter. Barclays PLC increased its holdings in shares of Sunoco by 908,833.3% in the third quarter. Barclays PLC now owns 436,288 shares of the oil and gas company’s stock valued at $23,419,000 after purchasing an additional 436,240 shares in the last quarter. Finally, Recurrent Investment Advisors LLC raised its position in 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 purchasing an additional 195,583 shares during the last quarter. 24.29% of the stock is owned by institutional investors and hedge funds.

Sunoco Stock Performance

SUN opened at $54.46 on Tuesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 1.16. Sunoco LP has a 52-week low of $49.45 and a 52-week high of $64.89. The firm has a market cap of $8.30 billion, a P/E ratio of 12.52 and a beta of 1.36. The business’s fifty day moving average is $53.04 and its 200-day moving average is $53.40.

Sunoco (NYSE:SUN) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($1.79). Sunoco had a return on equity of 19.77% and a net margin of 2.72%. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period last year, the firm posted $2.95 EPS. Sunoco’s quarterly revenue was down 9.0% on a year-over-year basis. Sell-side analysts expect that Sunoco LP will post 6.87 EPS for the current fiscal year.

Sunoco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were issued a dividend of $0.8756 per share. The ex-dividend date was Friday, November 8th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 6.43%. Sunoco’s dividend payout ratio (DPR) is presently 80.46%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SUN. Royal Bank of Canada boosted their target price on Sunoco from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays boosted their price objective on Sunoco from $60.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.43.

Sunoco 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.