BNP Paribas Financial Markets Acquires 4,799 Shares of Sunoco LP (NYSE:SUN)

BNP Paribas Financial Markets increased its holdings in shares of Sunoco LP (NYSE:SUN) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,876 shares of the oil and gas company’s stock after buying an additional 4,799 shares during the period. BNP Paribas Financial Markets’ holdings in Sunoco were worth $11,964,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Tyche Wealth Partners LLC grew its holdings in Sunoco by 5.4% during the 3rd quarter. Tyche Wealth Partners LLC now owns 3,905 shares of the oil and gas company’s stock worth $210,000 after acquiring an additional 200 shares during the period. Wedbush Securities Inc. grew its stake in shares of Sunoco by 2.1% during the second quarter. Wedbush Securities Inc. now owns 10,553 shares of the oil and gas company’s stock worth $597,000 after purchasing an additional 218 shares during the period. U.S. Capital Wealth Advisors LLC grew its stake in shares of Sunoco by 2.5% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 9,325 shares of the oil and gas company’s stock worth $527,000 after purchasing an additional 228 shares during the period. Quad Cities Investment Group LLC increased its holdings in Sunoco by 2.2% in the second quarter. Quad Cities Investment Group LLC now owns 13,624 shares of the oil and gas company’s stock valued at $770,000 after purchasing an additional 288 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in Sunoco by 3.7% in the second quarter. EP Wealth Advisors LLC now owns 8,296 shares of the oil and gas company’s stock valued at $469,000 after buying an additional 293 shares during the period. 24.29% of the stock is currently owned by institutional investors and hedge funds.

Sunoco Trading Up 3.3 %

Shares of NYSE:SUN opened at $56.46 on Monday. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 12.98 and a beta of 1.31. Sunoco LP has a 12 month low of $49.45 and a 12 month high of $64.89. The company’s fifty day simple moving average is $52.91 and its 200 day simple moving average is $53.55. The company has a quick ratio of 0.66, a current ratio of 1.16 and a debt-to-equity ratio of 1.74.

Sunoco (NYSE:SUN) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($1.79). The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $6.09 billion. Sunoco had a net margin of 2.72% and a return on equity of 19.77%. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.95 EPS. As a group, research analysts forecast that Sunoco LP will post 7.16 EPS for the current fiscal year.

Sunoco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th were given a dividend of $0.8756 per share. This represents a $3.50 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date of this dividend was Friday, November 8th. Sunoco’s dividend payout ratio (DPR) is currently 80.46%.

Wall Street Analysts Forecast Growth

SUN has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on Sunoco from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. StockNews.com downgraded shares of Sunoco from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Sunoco from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Sunoco currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.25.

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.