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

Texas Yale Capital Corp. grew its holdings in Sunoco LP (NYSE:SUN) by 7.4% during the 4th quarter, Holdings Channel reports. The firm owned 130,696 shares of the oil and gas company’s stock after buying an additional 8,980 shares during the period. Texas Yale Capital Corp.’s holdings in Sunoco were worth $6,850,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SUN. Alps Advisors Inc. lifted 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 valued at $1,204,715,000 after buying an additional 599,655 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $159,007,000 after buying an additional 374,396 shares during the period. M&T Bank Corp lifted its stake in shares of Sunoco by 1,562.3% during the fourth quarter. M&T Bank Corp now owns 217,855 shares of the oil and gas company’s stock valued at $11,418,000 after buying an additional 204,749 shares during the period. Cooperman Leon G lifted 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 valued at $81,016,000 after buying an additional 150,000 shares during the period. Finally, Barclays PLC lifted its stake in shares of Sunoco by 33.7% during the third quarter. Barclays PLC now owns 593,970 shares of the oil and gas company’s stock valued at $29,704,000 after buying an additional 149,732 shares during the period. Hedge funds and other institutional investors own 24.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SUN. Wells Fargo & Company upped their price objective on shares of Sunoco from $71.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. upped their price objective on shares of Sunoco from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, March 24th. Stifel Nicolaus upped their price objective on shares of Sunoco from $61.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Weiss Ratings raised shares of Sunoco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, May 21st. Finally, Citigroup upped their price objective on shares of Sunoco from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Sunoco has a consensus rating of “Buy” and a consensus price target of $74.13.

Sunoco Trading Down 2.4%

SUN stock opened at $64.82 on Friday. The company has a market cap of $13.28 billion, a price-to-earnings ratio of 16.58 and a beta of 0.46. The company has a quick ratio of 0.92, a current ratio of 1.40 and a debt-to-equity ratio of 2.03. The business has a fifty day simple moving average of $66.87 and a 200-day simple moving average of $60.52. Sunoco LP has a 52 week low of $47.98 and a 52 week high of $72.88.

Sunoco (NYSE:SUN) last issued its earnings results on Tuesday, May 5th. The oil and gas company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $1.14. Sunoco had a return on equity of 17.52% and a net margin of 3.07%.The firm had revenue of $10.69 billion for the quarter, compared to analysts’ expectations of $10.19 billion. During the same quarter last year, the firm earned $1.21 earnings per share. The firm’s revenue for the quarter was up 106.4% compared to the same quarter last year. On average, equities research analysts expect that Sunoco LP will post 7.92 EPS for the current year.

Sunoco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were issued a $0.9899 dividend. The ex-dividend date was Friday, May 8th. This is an increase from Sunoco’s previous quarterly dividend of $0.93. This represents a $3.96 dividend on an annualized basis and a yield of 6.1%. Sunoco’s payout ratio is 101.28%.

About Sunoco

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.