Sunoco LP (NYSE:SUN) Shares Acquired by Allworth Financial LP

Allworth Financial LP lifted its stake in shares of Sunoco LP (NYSE:SUN) by 90.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,723 shares of the oil and gas company’s stock after acquiring an additional 819 shares during the period. Allworth Financial LP’s holdings in Sunoco were worth $95,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SUN. B. Riley Wealth Advisors Inc. grew its stake in shares of Sunoco by 1.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 10,637 shares of the oil and gas company’s stock valued at $570,000 after acquiring an additional 190 shares in the last quarter. Stifel Financial Corp increased its holdings in Sunoco by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 25,251 shares of the oil and gas company’s stock worth $1,355,000 after purchasing an additional 194 shares during the last quarter. Tyche Wealth Partners LLC raised 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 purchasing an additional 200 shares in the last quarter. World Investment Advisors LLC boosted its stake in shares of 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 valued at $204,000 after buying an additional 200 shares during the last quarter. Finally, IHT Wealth Management LLC increased its stake in shares of Sunoco by 2.6% in the third quarter. IHT Wealth Management LLC now owns 9,627 shares of the oil and gas company’s stock worth $517,000 after buying an additional 245 shares during the last quarter. 24.29% of the stock is owned by institutional investors and hedge funds.

Sunoco Price Performance

Shares of NYSE:SUN opened at $57.65 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.27 and a debt-to-equity ratio of 1.84. The firm has a 50-day simple moving average of $54.58 and a 200 day simple moving average of $53.62. Sunoco LP has a fifty-two week low of $49.45 and a fifty-two week high of $64.89. The company has a market cap of $8.80 billion, a PE ratio of 8.73 and a beta of 1.36.

Sunoco (NYSE:SUN) last announced its quarterly earnings results on Tuesday, February 11th. The oil and gas company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.73). Sunoco had a return on equity of 22.52% and a net margin of 3.85%. On average, sell-side analysts anticipate that Sunoco LP will post 10.65 EPS for the current year.

Sunoco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued a dividend of $0.8865 per share. This is an increase from Sunoco’s previous quarterly dividend of $0.88. The ex-dividend date was Friday, February 7th. This represents a $3.55 annualized dividend and a dividend yield of 6.15%. Sunoco’s payout ratio is 53.64%.

Wall Street Analysts Forecast Growth

SUN has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price objective on shares of Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Barclays lifted their price target on Sunoco from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Mizuho boosted their price objective on Sunoco from $61.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.83.

Sunoco Profile

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.