4,977 Shares in Sunoco LP (NYSE:SUN) Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. bought a new position in shares of Sunoco LP (NYSE:SUN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,977 shares of the oil and gas company’s stock, valued at approximately $256,000.

Other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC grew its position in shares of Sunoco by 11.7% during the third quarter. Sanctuary Advisors LLC now owns 96,377 shares of the oil and gas company’s stock worth $5,236,000 after purchasing an additional 10,080 shares in the last quarter. JPMorgan Chase & Co. grew its position 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 worth $117,644,000 after purchasing an additional 455,361 shares in the last quarter. Avid Wealth Partners LLC purchased a new stake in shares of Sunoco during the third quarter worth about $850,000. FORA Capital LLC bought a new position in Sunoco during the third quarter valued at approximately $524,000. Finally, HighTower Advisors LLC boosted its stake in Sunoco by 4.1% during the third quarter. HighTower Advisors LLC now owns 27,364 shares of the oil and gas company’s stock valued at $1,467,000 after buying an additional 1,073 shares during the last quarter. Hedge funds and other institutional investors own 24.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on SUN. Mizuho increased their price target on Sunoco from $61.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Barclays increased their price target on Sunoco from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada increased their price target on Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Sunoco has a consensus rating of “Moderate Buy” and an average target price of $63.83.

Sunoco Price Performance

Shares of Sunoco stock opened at $58.76 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.27 and a debt-to-equity ratio of 1.84. Sunoco LP has a twelve month low of $49.45 and a twelve month high of $64.89. The business has a 50-day moving average price of $55.12 and a 200 day moving average price of $53.82. The firm has a market cap of $8.97 billion, a PE ratio of 8.90 and a beta of 1.36.

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

Sunoco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were given a dividend of $0.8865 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 6.03%. This is a positive change from Sunoco’s previous quarterly dividend of $0.88. Sunoco’s dividend payout ratio 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.