McIlrath & Eck LLC acquired a new stake in shares of Sunoco LP (NYSE:SUN) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,000 shares of the oil and gas company’s stock, valued at approximately $31,000.
Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. purchased a new stake in shares of Sunoco during the 2nd quarter valued at $488,430,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of Sunoco during the 3rd quarter valued at $1,572,000. GSA Capital Partners LLP purchased a new stake in shares of Sunoco during the 2nd quarter valued at $213,000. Van ECK Associates Corp raised its position in shares of Sunoco by 2.3% during the 2nd quarter. Van ECK Associates Corp now owns 112,154 shares of the oil and gas company’s stock valued at $3,508,000 after buying an additional 2,494 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of Sunoco by 38.0% during the 2nd quarter. LPL Financial LLC now owns 30,277 shares of the oil and gas company’s stock valued at $947,000 after buying an additional 8,332 shares in the last quarter. Hedge funds and other institutional investors own 28.65% of the company’s stock.
Several research firms have recently weighed in on SUN. Barclays set a $33.00 price objective on shares of Sunoco and gave the company a “hold” rating in a research report on Tuesday, October 15th. Stifel Nicolaus set a $34.00 target price on shares of Sunoco and gave the stock a “hold” rating in a research report on Monday, August 12th. Mizuho assumed coverage on shares of Sunoco in a research report on Monday, October 28th. They issued a “buy” rating and a $36.00 target price on the stock. ValuEngine cut shares of Sunoco from a “sell” rating to a “strong sell” rating in a research report on Friday, October 25th. Finally, Raymond James lifted their target price on shares of Sunoco from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $31.78.
NYSE:SUN traded down $0.57 during trading hours on Friday, reaching $31.84. The company’s stock had a trading volume of 266,045 shares, compared to its average volume of 277,998. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 12.34 and a beta of 0.81. The firm has a 50-day simple moving average of $32.07 and a 200-day simple moving average of $31.51. Sunoco LP has a 1 year low of $23.80 and a 1 year high of $34.09. The company has a debt-to-equity ratio of 4.51, a quick ratio of 0.78 and a current ratio of 1.24.
Sunoco (NYSE:SUN) last issued its earnings results on Wednesday, November 6th. The oil and gas company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.24). The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.41 billion. Sunoco had a return on equity of 35.57% and a net margin of 1.21%. Sunoco’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.15 EPS. Equities analysts anticipate that Sunoco LP will post 2.13 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be given a $0.8255 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 10.37%. The ex-dividend date of this dividend is Monday, November 4th. Sunoco’s payout ratio is presently 127.91%.
Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations.
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