Steward Partners Investment Advisory LLC Purchases 182 Shares of Sunoco LP (NYSE:SUN)

Steward Partners Investment Advisory LLC increased its position in Sunoco LP (NYSE:SUN) by 17.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,245 shares of the oil and gas company’s stock after buying an additional 182 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Sunoco were worth $64,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. boosted its holdings in Sunoco by 1.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 10,637 shares of the oil and gas company’s stock worth $570,000 after buying an additional 190 shares during the period. Stifel Financial Corp boosted its holdings 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 worth $1,355,000 after buying an additional 194 shares during the period. World Investment Advisors LLC boosted its holdings 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 worth $204,000 after buying an additional 200 shares during the period. IHT Wealth Management LLC boosted its holdings in Sunoco by 2.6% in the 3rd quarter. IHT Wealth Management LLC now owns 9,627 shares of the oil and gas company’s stock worth $517,000 after buying an additional 245 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its holdings in Sunoco by 6.2% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 4,256 shares of the oil and gas company’s stock worth $219,000 after buying an additional 247 shares during the period. Institutional investors own 24.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on SUN shares. Mizuho increased their price objective on shares of Sunoco from $61.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Barclays increased their price objective on shares of Sunoco from $59.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, March 14th. Finally, Royal Bank of Canada increased their price objective on shares of Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.67.

Sunoco Trading Down 0.2 %

SUN opened at $58.56 on Wednesday. The firm has a market cap of $8.94 billion, a P/E ratio of 8.87 and a beta of 1.35. Sunoco LP has a 12 month low of $49.45 and a 12 month high of $62.55. The company has a current ratio of 1.27, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. The stock has a 50-day moving average of $56.63 and a 200 day moving average of $54.21.

Sunoco (NYSE:SUN) last released 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 22.52% and a net margin of 3.85%. As a group, research analysts forecast that Sunoco LP will post 10.65 EPS for the current year.

Sunoco Increases Dividend

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

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.