Ffcm LLC Acquires New Position in Sunoco LP (NYSE:SUN)

Ffcm LLC purchased a new position in shares of Sunoco LP (NYSE:SUN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,672 shares of the oil and gas company’s stock, valued at approximately $112,000.

Other large investors also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in Sunoco by 82.4% during the first quarter. Bank of America Corp DE now owns 1,852,879 shares of the oil and gas company’s stock worth $44,784,000 after purchasing an additional 836,902 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Sunoco by 176.6% during the second quarter. JPMorgan Chase & Co. now owns 1,276,801 shares of the oil and gas company’s stock worth $39,084,000 after purchasing an additional 815,130 shares during the last quarter. Bank of Montreal Can bought a new stake in Sunoco during the second quarter worth $10,986,000. Northwestern Mutual Investment Management Company LLC bought a new stake in Sunoco during the second quarter worth $5,843,000. Finally, OppenheimerFunds Inc. lifted its stake in Sunoco by 1.0% during the first quarter. OppenheimerFunds Inc. now owns 13,386,079 shares of the oil and gas company’s stock worth $323,542,000 after purchasing an additional 129,040 shares during the last quarter. 30.86% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Ffcm LLC Acquires New Position in Sunoco LP (NYSE:SUN)” was reported by BBNS and is owned by of BBNS. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://baseballnewssource.com/markets/ffcm-llc-acquires-shares-of-3672-sunoco-lp-sun/1602056.html.

Shares of Sunoco LP (NYSE:SUN) opened at 30.90 on Friday. The company has a 50-day moving average price of $31.27 and a 200-day moving average price of $29.54. Sunoco LP has a 12-month low of $21.01 and a 12-month high of $32.67. The firm’s market capitalization is $3.07 billion.

Several research firms have weighed in on SUN. BidaskClub upgraded Sunoco from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Vetr upgraded Sunoco from a “hold” rating to a “buy” rating and set a $32.56 target price for the company in a research note on Thursday, June 1st. Mizuho cut Sunoco from a “neutral” rating to an “underperform” rating and set a $28.00 target price for the company. in a research note on Monday, July 10th. Royal Bank Of Canada restated a “buy” rating and set a $32.00 target price on shares of Sunoco in a research note on Tuesday, June 20th. Finally, Jefferies Group LLC restated a “hold” rating and set a $30.00 target price (up from $29.00) on shares of Sunoco in a research note on Monday, September 11th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.25.

Sunoco Company Profile

Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.

Institutional Ownership by Quarter for Sunoco (NYSE:SUN)

Receive News & Ratings for Sunoco LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco LP and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.