Barnett & Company Inc. Lowers Position in Sunoco LP (NYSE:SUN)

Barnett & Company Inc. trimmed its position in shares of Sunoco LP (NYSE:SUN) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,133 shares of the oil and gas company’s stock after selling 900 shares during the quarter. Sunoco accounts for approximately 1.7% of Barnett & Company Inc.’s portfolio, making the stock its 19th largest holding. Barnett & Company Inc.’s holdings in Sunoco were worth $2,579,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new stake in shares of Sunoco during the 4th quarter valued at approximately $53,000. Steward Partners Investment Advisory LLC raised its position in shares of Sunoco by 17.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,245 shares of the oil and gas company’s stock worth $64,000 after purchasing an additional 182 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Sunoco by 93.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,633 shares of the oil and gas company’s stock valued at $84,000 after acquiring an additional 788 shares in the last quarter. Allworth Financial LP lifted its holdings in Sunoco by 90.6% in the 4th quarter. Allworth Financial LP now owns 1,723 shares of the oil and gas company’s stock valued at $95,000 after purchasing an additional 819 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Sunoco by 112.5% during the 4th quarter. IFP Advisors Inc now owns 2,446 shares of the oil and gas company’s stock worth $126,000 after purchasing an additional 1,295 shares during the last quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

Sunoco Stock Down 1.6 %

Shares of Sunoco stock opened at $56.94 on Monday. The company has a fifty day moving average price of $56.98 and a 200 day moving average price of $54.30. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 8.63 and a beta of 1.35. The company has a current ratio of 1.27, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. Sunoco LP has a twelve month low of $49.45 and a twelve month high of $62.55.

Sunoco (NYSE:SUN) last posted its earnings results on Tuesday, February 11th. The oil and gas company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.73). Sunoco had a return on equity of 22.52% and a net margin of 3.85%. Equities research analysts forecast that Sunoco LP will post 10.65 earnings per share for the current fiscal year.

Sunoco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were paid a dividend of $0.8865 per share. The ex-dividend date was Friday, February 7th. This is an increase from Sunoco’s previous quarterly dividend of $0.88. This represents a $3.55 annualized dividend and a dividend yield of 6.23%. Sunoco’s dividend payout ratio (DPR) is currently 53.64%.

Analyst Ratings Changes

A number of analysts recently issued reports on SUN shares. Royal Bank of Canada raised their target price on shares of Sunoco from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Mizuho increased their target price on Sunoco from $61.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, Barclays lifted their price target on Sunoco from $59.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.67.

Sunoco 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.