Commonwealth Equity Services LLC Has $1.38 Million Position in Sunoco LP (NYSE:SUN)

Commonwealth Equity Services LLC boosted its position in shares of Sunoco LP (NYSE:SUN) by 12.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,808 shares of the oil and gas company’s stock after buying an additional 2,950 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Sunoco were worth $1,379,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of Sunoco by 26.2% in the 3rd 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 boosted its stake in 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 acquiring an additional 436,240 shares during the last quarter. ING Groep NV grew its holdings in Sunoco by 223.7% during the 4th quarter. ING Groep NV now owns 513,715 shares of the oil and gas company’s stock worth $26,426,000 after acquiring an additional 355,000 shares during the period. Raymond James Financial Inc. acquired a new stake in Sunoco during the 4th quarter worth $17,739,000. Finally, Recurrent Investment Advisors LLC raised its position 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 acquiring an additional 195,583 shares during the last quarter. Institutional investors and hedge funds own 24.29% of the company’s stock.

Wall Street Analysts Forecast Growth

SUN has been the topic of several recent research reports. Royal Bank of Canada raised their price target on Sunoco from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. 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. Finally, Barclays lowered their price target on Sunoco from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Friday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.50.

Sunoco Stock Up 0.9 %

NYSE:SUN opened at $59.14 on Monday. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 8.96 and a beta of 1.35. 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 price of $57.42 and a two-hundred day moving average price of $54.50. Sunoco LP has a 1 year low of $49.45 and a 1 year high of $60.61.

Sunoco (NYSE:SUN) last posted its earnings results on Tuesday, February 11th. The oil and gas company reported $0.75 earnings per share (EPS) 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 analysts expect that Sunoco LP will post 10.65 earnings per share 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 issued a dividend of $0.8865 per share. This represents a $3.55 dividend on an annualized basis and a dividend yield of 6.00%. This is a positive change from Sunoco’s previous quarterly dividend of $0.88. The ex-dividend date was Friday, February 7th. Sunoco’s dividend payout ratio (DPR) is presently 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.