1,650 Shares in Sunoco LP (NYSE:SUN) Bought by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC purchased a new stake in shares of Sunoco LP (NYSE:SUN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,650 shares of the oil and gas company’s stock, valued at approximately $93,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in Sunoco by 3.0% during the 4th quarter. International Assets Investment Management LLC now owns 9,583 shares of the oil and gas company’s stock worth $574,000 after purchasing an additional 283 shares in the last quarter. Principal Securities Inc. purchased a new stake in Sunoco during the fourth quarter worth approximately $27,000. Avantax Advisory Services Inc. increased its position in shares of Sunoco by 6.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 8,450 shares of the oil and gas company’s stock worth $506,000 after acquiring an additional 536 shares in the last quarter. UBS Group AG raised its stake in shares of Sunoco by 68.3% in the 4th quarter. UBS Group AG now owns 540,949 shares of the oil and gas company’s stock valued at $32,419,000 after acquiring an additional 219,482 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Sunoco by 37.1% during the 4th quarter. Wells Fargo & Company MN now owns 355,677 shares of the oil and gas company’s stock valued at $21,316,000 after acquiring an additional 96,245 shares in the last quarter. 24.29% of the stock is currently owned by institutional investors and hedge funds.

Sunoco Price Performance

Shares of NYSE SUN opened at $52.08 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.26 and a debt-to-equity ratio of 1.69. Sunoco LP has a fifty-two week low of $44.55 and a fifty-two week high of $64.89. The business has a 50 day moving average price of $54.32 and a two-hundred day moving average price of $55.70. The firm has a market cap of $5.25 billion, a PE ratio of 11.60 and a beta of 1.30.

Sunoco (NYSE:SUN) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $2.62. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $5.63 billion. Sunoco had a net margin of 3.80% and a return on equity of 41.76%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. Sell-side analysts expect that Sunoco LP will post 8.09 earnings per share for the current fiscal year.

Sunoco Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 9th were given a $0.8756 dividend. This represents a $3.50 annualized dividend and a dividend yield of 6.73%. The ex-dividend date was Friday, August 9th. Sunoco’s payout ratio is currently 77.95%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citigroup upgraded Sunoco from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a report on Tuesday, June 18th. Mizuho upgraded Sunoco from a “neutral” rating to a “buy” rating and dropped their target price for the company from $60.00 to $59.00 in a report on Tuesday, June 4th. Barclays reduced their price target on Sunoco from $61.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. StockNews.com downgraded shares of Sunoco from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Stifel Nicolaus raised shares of Sunoco from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Friday, June 7th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.14.

About Sunoco

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.