Sunoco LP (NYSE:SUN) Shares Sold by United Advisor Group LLC

United Advisor Group LLC lessened its holdings in shares of Sunoco LP (NYSE:SUN) by 16.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,128 shares of the oil and gas company’s stock after selling 1,436 shares during the period. United Advisor Group LLC’s holdings in Sunoco were worth $367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC increased its stake in Sunoco by 908,833.3% in the third quarter. Barclays PLC now owns 436,288 shares of the oil and gas company’s stock valued at $23,419,000 after purchasing an additional 436,240 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Sunoco in the 4th quarter valued at $204,000. Caprock Group LLC purchased a new position in shares of Sunoco in the 4th quarter valued at $569,000. Independence Bank of Kentucky acquired a new stake in Sunoco during the 4th quarter worth $53,000. Finally, Strategic Financial Concepts LLC purchased a new stake in Sunoco in the fourth quarter valued at $3,375,000. Institutional investors and hedge funds own 24.29% of the company’s stock.

Sunoco Trading Up 0.5%

Shares of SUN stock opened at $55.18 on Monday. The company has a market capitalization of $8.42 billion, a P/E ratio of 8.36 and a beta of 0.67. The company has a current ratio of 1.27, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. The business’s 50 day moving average is $56.31 and its two-hundred day moving average is $55.42. Sunoco LP has a twelve month low of $48.00 and a twelve month high of $59.88.

Sunoco (NYSE:SUN) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.48). The firm had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.58 billion. Sunoco had a net margin of 3.85% and a return on equity of 22.52%. The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the business earned $2.26 earnings per share. Equities analysts forecast that Sunoco LP will post 10.65 EPS for the current year.

Sunoco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were issued a $0.8976 dividend. This is an increase from Sunoco’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.59 annualized dividend and a dividend yield of 6.51%. Sunoco’s payout ratio is presently 64.68%.

Analysts Set New Price Targets

Several equities analysts have issued reports on SUN shares. Mizuho raised their price objective on Sunoco from $66.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. Barclays decreased their target price on Sunoco from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Finally, JPMorgan Chase & Co. lifted their price target on Sunoco from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.33.

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.