Ameritas Advisory Services LLC Purchases 282 Shares of Sunoco LP (NYSE:SUN)

Ameritas Advisory Services LLC boosted its holdings in Sunoco LP (NYSE:SUNFree Report) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,940 shares of the oil and gas company’s stock after buying an additional 282 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Sunoco were worth $254,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Kieckhefer Group LLC acquired a new position in shares of Sunoco during the fourth quarter worth $129,000. Wilmington Savings Fund Society FSB bought a new position in Sunoco during the 3rd quarter worth $165,000. World Investment Advisors LLC lifted its holdings in Sunoco by 5.6% during the 3rd quarter. World Investment Advisors LLC now owns 3,800 shares of the oil and gas company’s stock worth $204,000 after buying an additional 200 shares during the period. Tyche Wealth Partners LLC grew its position in shares of Sunoco by 5.4% in the 3rd quarter. Tyche Wealth Partners LLC now owns 3,905 shares of the oil and gas company’s stock valued at $210,000 after buying an additional 200 shares during the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Sunoco in the third quarter valued at about $221,000. 24.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SUN has been the topic of several analyst reports. Royal Bank of Canada upped their target price on Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays lifted their target price on shares of Sunoco from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Sunoco has an average rating of “Moderate Buy” and an average target price of $62.43.

Check Out Our Latest Stock Report on SUN

Sunoco Price Performance

SUN stock opened at $56.02 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.16 and a quick ratio of 0.66. The company’s 50-day moving average is $53.34 and its 200-day moving average is $53.42. The stock has a market capitalization of $8.54 billion, a PE ratio of 12.88 and a beta of 1.36. Sunoco LP has a 1 year low of $49.45 and a 1 year high of $64.89.

Sunoco (NYSE:SUNGet Free Report) last announced 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 the consensus estimate of $6.09 billion. Sunoco had a return on equity of 19.77% and a net margin of 2.72%. The firm’s revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.95 EPS. Equities research analysts expect that Sunoco LP will post 6.87 EPS for the current fiscal year.

Sunoco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th were issued a dividend of $0.8756 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.50 annualized dividend and a yield of 6.25%. Sunoco’s payout ratio is 80.46%.

About Sunoco

(Free Report)

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.

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Institutional Ownership by Quarter for Sunoco (NYSE:SUN)

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