Sunoco LP $SUN Shares Acquired by Texas Yale Capital Corp.

Texas Yale Capital Corp. lifted its position in shares of Sunoco LP (NYSE:SUN) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,696 shares of the oil and gas company’s stock after acquiring an additional 8,980 shares during the quarter. Texas Yale Capital Corp. owned 0.06% of Sunoco worth $6,850,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Alps Advisors Inc. increased its stake in shares of Sunoco by 2.6% during the third quarter. Alps Advisors Inc. now owns 24,089,484 shares of the oil and gas company’s stock worth $1,204,715,000 after acquiring an additional 599,655 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Sunoco by 13.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,179,502 shares of the oil and gas company’s stock worth $159,007,000 after acquiring an additional 374,396 shares during the period. Energy Income Partners LLC increased its stake in shares of Sunoco by 1.7% during the third quarter. Energy Income Partners LLC now owns 1,916,858 shares of the oil and gas company’s stock worth $95,862,000 after acquiring an additional 32,866 shares during the period. Cooperman Leon G increased its stake in shares of Sunoco by 10.2% during the third quarter. Cooperman Leon G now owns 1,620,000 shares of the oil and gas company’s stock worth $81,016,000 after acquiring an additional 150,000 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in shares of Sunoco by 6.4% during the third quarter. Neuberger Berman Group LLC now owns 713,303 shares of the oil and gas company’s stock worth $35,672,000 after acquiring an additional 43,034 shares during the period. 24.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SUN shares. Stifel Nicolaus boosted their price target on shares of Sunoco from $61.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Barclays boosted their price target on shares of Sunoco from $63.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Raymond James Financial reiterated a “strong-buy” rating and set a $80.00 price target on shares of Sunoco in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price target on shares of Sunoco from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 24th. Finally, Royal Bank Of Canada boosted their price target on shares of Sunoco to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $74.13.

Sunoco Stock Down 2.4%

SUN stock opened at $64.82 on Friday. The company’s 50 day simple moving average is $66.87 and its 200-day simple moving average is $60.52. The firm has a market capitalization of $13.28 billion, a PE ratio of 16.58 and a beta of 0.46. Sunoco LP has a 12 month low of $47.98 and a 12 month high of $72.88. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.40 and a quick ratio of 0.92.

Sunoco (NYSE:SUN) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $2.85 EPS for the quarter, beating the consensus estimate of $1.71 by $1.14. The business had revenue of $10.69 billion for the quarter, compared to analyst estimates of $10.19 billion. Sunoco had a net margin of 3.07% and a return on equity of 17.52%. The company’s quarterly revenue was up 106.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.21 earnings per share. Equities analysts expect that Sunoco LP will post 7.92 earnings per share for the current fiscal year.

Sunoco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were given a $0.9899 dividend. This is a boost from Sunoco’s previous quarterly dividend of $0.93. This represents a $3.96 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Friday, May 8th. Sunoco’s dividend payout ratio (DPR) is currently 101.28%.

Sunoco Company Profile

Sunoco LP (NYSE: SUN) is an independent master limited partnership that specializes in the distribution and marketing of transportation fuels and related products. The company operates through two primary segments: wholesale fuel distribution and retail marketing. In wholesale distribution, Sunoco supplies branded fuels to distributors, commercial customers and resellers across the United States. Its retail marketing arm operates a network of company‐owned and franchised Sunoco branded service stations and convenience stores, providing gasoline, diesel, ethanol blends and lubricants to consumers.

Sunoco’s product portfolio extends beyond traditional fuels to include biofuels, specialty chemicals and on‐road diesel treated to meet ultra‐low sulfur requirements.