3,788 Shares in Sunoco LP (NYSE:SUN) Bought by Wealth Alliance

Wealth Alliance bought a new position in Sunoco LP (NYSE:SUN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,788 shares of the oil and gas company’s stock, valued at approximately $227,000.

Several other large investors have also made changes to their positions in the company. Good Life Advisors LLC raised its position in shares of Sunoco by 2.1% in the 4th quarter. Good Life Advisors LLC now owns 8,173 shares of the oil and gas company’s stock worth $490,000 after buying an additional 166 shares during the period. Brookstone Capital Management increased its holdings in Sunoco by 1.9% in the 4th quarter. Brookstone Capital Management now owns 10,013 shares of the oil and gas company’s stock valued at $600,000 after purchasing an additional 184 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Sunoco by 1.7% in the 1st quarter. International Assets Investment Management LLC now owns 15,519 shares of the oil and gas company’s stock valued at $634,000 after purchasing an additional 266 shares in the last quarter. Compass Wealth Management LLC increased its holdings in Sunoco by 60.0% in the 3rd quarter. Compass Wealth Management LLC now owns 800 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 300 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Sunoco by 1.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,371 shares of the oil and gas company’s stock valued at $938,000 after purchasing an additional 339 shares in the last quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

Sunoco Stock Up 2.1 %

NYSE:SUN opened at $55.51 on Friday. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 15.25 and a beta of 1.27. Sunoco LP has a one year low of $41.95 and a one year high of $64.89. The stock has a 50-day simple moving average of $60.02 and a 200 day simple moving average of $56.87. The company has a debt-to-equity ratio of 3.66, a quick ratio of 0.76 and a current ratio of 1.40.

Sunoco (NYSE:SUN) last posted its quarterly earnings results on Wednesday, February 14th. The oil and gas company reported ($1.50) EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($2.46). The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.42 billion. Sunoco had a return on equity of 37.91% and a net margin of 1.71%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.42 earnings per share. Sell-side analysts predict that Sunoco LP will post 4.99 EPS for the current fiscal year.

Sunoco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Wednesday, February 7th were paid a $0.842 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $3.37 dividend on an annualized basis and a yield of 6.07%. Sunoco’s dividend payout ratio (DPR) is 92.58%.

Insider Buying and Selling

In other news, Director David K. Skidmore purchased 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was acquired at an average cost of $52.10 per share, for a total transaction of $78,150.00. Following the completion of the purchase, the director now owns 14,608 shares of the company’s stock, valued at $761,076.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SUN shares. Raymond James increased their price target on Sunoco from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Wells Fargo & Company raised their target price on Sunoco from $60.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 20th. Barclays raised their target price on Sunoco from $57.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. Citigroup downgraded Sunoco from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a research note on Tuesday, February 27th. Finally, Mizuho raised their target price on Sunoco from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.71.

Sunoco Company 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.