2 weeks Ago By ABMN Staff
Bokf Na purchased a new position in shares of Sunoco LP ( NYSE:SUN – Free Report ) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,993 shares of the oil and gas company’s stock, valued at approximately $508,000. Several other institutional investors and hedge funds have also bought and sold shares of the business.
Linscomb Wealth Inc. purchased a new position in shares of Sunoco during the second quarter worth $833,000. HHM Wealth Advisors LLC purchased a new position in shares of Sunoco during the 2nd quarter valued at about $93,000.
Longfellow Investment Management Co. LLC purchased a new position in shares of Sunoco during the 2nd quarter valued at about $32,000. Wedbush Securities Inc.
lifted its holdings in shares of Sunoco by 2.1% in the 2nd quarter. Wedbush Securities Inc.
now owns 10,553 shares of the oil and gas company’s stock valued at $597,000 after buying an additional 218 shares during the period. Finally, Custom Index Systems LLC boosted its stake in shares of Sunoco by 6.5% in the second quarter.
Custom Index Systems LLC now owns 26,100 shares of the oil and gas company’s stock worth $1,476,000 after buying an additional 1,593 shares during the last quarter. 24.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades Several equities research analysts have commented on the company. StockNews.com lowered Sunoco from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.
Mizuho raised shares of Sunoco from a “neutral” rating to a “buy” rating and cut their price objective for the company from $60.00 to $59.00 in a report on Tuesday, June 4th.
Stifel Nicolaus upgraded shares of Sunoco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Friday, June 7th. Citigroup upgraded Sunoco from a “neutral” rating to a “buy” rating and set a $65.
00 target price on the stock in a research report on Tuesday, June 18th. Finally, JPMorgan Chase & Co. upped their price target on Sunoco from $61.
00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock.
According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.14.
Sunoco Trading Up 1.9 % Shares of Sunoco stock opened at $54.50 on Tuesday.
Sunoco LP has a twelve month low of $45.78 and a twelve month high of $64.89.
The firm’s 50-day moving average price is $54.22 and its 200 day moving average price is $55.57.
The company has a current ratio of 1.26, a quick ratio of 0.72 and a debt-to-equity ratio of 1.
69. The firm has a market capitalization of $5.50 billion, a PE ratio of 12.
13 and a beta of 1.30. Sunoco ( NYSE:SUN – Get Free Report ) last issued its quarterly earnings results on Wednesday, August 7th.
The oil and gas company reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $2.
62. Sunoco had a return on equity of 41.76% and a net margin of 3.
80%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $5.
63 billion. During the same period in the previous year, the company posted $0.78 earnings per share.
The business’s revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts predict that Sunoco LP will post 8.
09 EPS for the current fiscal year. Sunoco Cuts Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 9th were given a $0.
8756 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 6.
43%. The ex-dividend date was Friday, August 9th. Sunoco’s dividend payout ratio (DPR) is 77.
95%. About Sunoco ( Free Report ) 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. Featured Articles Receive News & Ratings for Sunoco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco and related companies with MarketBeat.com's FREE daily email newsletter .
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