Sunoco LP (NYSE:SUN) Director David K. Skidmore Acquires 1,500 Shares of Stock

Sunoco LP (NYSE:SUN) Director David K. Skidmore purchased 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was acquired at an average cost of $52.10 per share, with a total value of $78,150.00. Following the transaction, the director now directly owns 14,608 shares of the company’s stock, valued at $761,076.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Sunoco Stock Performance

NYSE SUN opened at $55.51 on Friday. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 15.25 and a beta of 1.27. The company has a 50 day moving average of $60.02 and a 200-day moving average of $56.87. The company has a current ratio of 1.40, a quick ratio of 0.76 and a debt-to-equity ratio of 3.66. Sunoco LP has a 1-year low of $41.95 and a 1-year high of $64.89.

Sunoco (NYSE:SUN) last posted its quarterly earnings data on Wednesday, February 14th. The oil and gas company reported ($1.50) earnings per share for the quarter, missing the consensus estimate of $0.96 by ($2.46). The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.42 billion. Sunoco had a return on equity of 37.91% and a net margin of 1.71%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 EPS. On average, equities analysts forecast that Sunoco LP will post 4.99 earnings per share for the current fiscal year.

Sunoco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.842 per share. This represents a $3.37 annualized dividend and a dividend yield of 6.07%. The ex-dividend date was Tuesday, February 6th. Sunoco’s payout ratio is 92.58%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Raymond James increased their price target on shares of Sunoco from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Citigroup lowered shares of Sunoco from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a research report on Tuesday, February 27th. Barclays increased their price target on shares of Sunoco from $57.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Wells Fargo & Company increased their price target on shares of Sunoco from $60.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus lowered shares of Sunoco from a “buy” rating to a “hold” rating and set a $62.00 price target for the company. in a research report on Tuesday, February 20th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.71.

Institutional Trading of Sunoco

A number of hedge funds and other institutional investors have recently modified their holdings of SUN. Blackstone Inc. increased its holdings in shares of Sunoco by 58.0% in the fourth quarter. Blackstone Inc. now owns 2,387,608 shares of the oil and gas company’s stock valued at $143,089,000 after purchasing an additional 876,452 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Sunoco by 6,075.4% in the fourth quarter. International Assets Investment Management LLC now owns 574,315 shares of the oil and gas company’s stock valued at $34,419,000 after purchasing an additional 565,015 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Sunoco by 10.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,904,735 shares of the oil and gas company’s stock valued at $174,081,000 after purchasing an additional 275,875 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Sunoco in the fourth quarter valued at approximately $15,396,000. Finally, TCG Advisory Services LLC acquired a new stake in shares of Sunoco in the fourth quarter valued at approximately $14,380,000. Institutional investors and hedge funds own 24.29% of the company’s stock.

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.