Global Retirement Partners LLC Has $84,000 Holdings in Sunoco LP (NYSE:SUN)

Global Retirement Partners LLC raised its holdings in shares of Sunoco LP (NYSE:SUN) by 93.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,633 shares of the oil and gas company’s stock after purchasing an additional 788 shares during the period. Global Retirement Partners LLC’s holdings in Sunoco were worth $84,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new position in Sunoco during the 4th quarter valued at about $53,000. Allworth Financial LP raised its position in shares of Sunoco by 90.6% in the 4th quarter. Allworth Financial LP now owns 1,723 shares of the oil and gas company’s stock valued at $95,000 after acquiring an additional 819 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of Sunoco in the 4th quarter valued at approximately $129,000. Venturi Wealth Management LLC raised its position in shares of Sunoco by 6,891.7% in the 4th quarter. Venturi Wealth Management LLC now owns 2,517 shares of the oil and gas company’s stock valued at $129,000 after acquiring an additional 2,481 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunoco in the 3rd quarter valued at approximately $165,000. 24.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on SUN. Royal Bank of Canada increased their price target 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. Barclays increased their target price on Sunoco from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Mizuho increased their target price on Sunoco from $61.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.83.

Sunoco Price Performance

NYSE SUN opened at $58.76 on Friday. The business has a 50 day simple moving average of $54.97 and a 200 day simple moving average of $53.73. Sunoco LP has a 52-week low of $49.45 and a 52-week high of $64.89. 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 cap of $8.97 billion, a price-to-earnings ratio of 8.90 and a beta of 1.36.

Sunoco (NYSE:SUN) last issued its quarterly earnings results on Tuesday, February 11th. The oil and gas company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.73). Sunoco had a return on equity of 22.52% and a net margin of 3.85%. Analysts anticipate that Sunoco LP will post 10.65 earnings per share for the current fiscal year.

Sunoco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were paid a dividend of $0.8865 per share. This is a boost from Sunoco’s previous quarterly dividend of $0.88. This represents a $3.55 annualized dividend and a dividend yield of 6.03%. The ex-dividend date was Friday, February 7th. Sunoco’s dividend payout ratio (DPR) is currently 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.