Dividend Assets Capital LLC Decreases Stock Holdings in Sunoco LP (NYSE:SUN)

Dividend Assets Capital LLC cut its holdings in Sunoco LP (NYSE:SUN) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 28,922 shares of the oil and gas company’s stock after selling 466 shares during the quarter. Dividend Assets Capital LLC’s holdings in Sunoco were worth $1,488,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in Sunoco by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 2,191,570 shares of the oil and gas company’s stock valued at $117,644,000 after purchasing an additional 455,361 shares during the last quarter. Infrastructure Capital Advisors LLC raised its position in shares of Sunoco by 3.1% during the 3rd quarter. Infrastructure Capital Advisors LLC now owns 1,087,407 shares of the oil and gas company’s stock valued at $58,372,000 after buying an additional 32,239 shares in the last quarter. Recurrent Investment Advisors LLC lifted its holdings in shares of Sunoco by 29.3% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 864,176 shares of the oil and gas company’s stock valued at $46,389,000 after acquiring an additional 195,583 shares during the last quarter. Miller Howard Investments Inc. NY grew its position in Sunoco by 0.9% in the fourth quarter. Miller Howard Investments Inc. NY now owns 595,057 shares of the oil and gas company’s stock worth $30,610,000 after acquiring an additional 5,296 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Sunoco by 5,437.3% in the third quarter. International Assets Investment Management LLC now owns 572,779 shares of the oil and gas company’s stock worth $30,747,000 after acquiring an additional 562,435 shares in the last quarter. Institutional investors own 24.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SUN shares. Mizuho upped their price objective on Sunoco from $61.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Royal Bank of Canada increased their price target on Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Barclays raised their price target on Sunoco from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. 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, Sunoco has a consensus rating of “Moderate Buy” and a consensus target price of $63.83.

Sunoco Trading Up 0.2 %

SUN opened at $58.04 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 1.27. The stock’s 50 day moving average price is $54.48 and its 200-day moving average price is $53.59. Sunoco LP has a one year low of $49.45 and a one year high of $64.89. The stock has a market cap of $8.86 billion, a price-to-earnings ratio of 8.79 and a beta of 1.36.

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

Sunoco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued a $0.8865 dividend. The ex-dividend date was Friday, February 7th. This is a boost from Sunoco’s previous quarterly dividend of $0.88. This represents a $3.55 dividend on an annualized basis and a dividend yield of 6.11%. Sunoco’s dividend payout ratio is presently 53.79%.

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.