IFG Advisory LLC Has $280,000 Position in Sunoco LP $SUN

IFG Advisory LLC lessened its position in shares of Sunoco LP (NYSE:SUN) by 59.3% in the third quarter, HoldingsChannel.com reports. The fund owned 5,595 shares of the oil and gas company’s stock after selling 8,160 shares during the period. IFG Advisory LLC’s holdings in Sunoco were worth $280,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quadrant Private Wealth Management LLC increased its stake in Sunoco by 5.2% in the third quarter. Quadrant Private Wealth Management LLC now owns 4,249 shares of the oil and gas company’s stock valued at $212,000 after acquiring an additional 209 shares during the last quarter. IHT Wealth Management LLC lifted its stake in Sunoco by 2.1% during the second quarter. IHT Wealth Management LLC now owns 10,302 shares of the oil and gas company’s stock worth $552,000 after purchasing an additional 212 shares during the last quarter. Uhlmann Price Securities LLC boosted its holdings in shares of Sunoco by 2.8% in the 3rd quarter. Uhlmann Price Securities LLC now owns 9,036 shares of the oil and gas company’s stock valued at $452,000 after purchasing an additional 250 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Sunoco by 3.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 8,886 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 296 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Sunoco by 0.8% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 50,730 shares of the oil and gas company’s stock valued at $2,573,000 after purchasing an additional 379 shares during the last quarter. Institutional investors and hedge funds own 24.29% of the company’s stock.

Sunoco Trading Down 0.3%

NYSE SUN opened at $64.20 on Monday. The company has a market cap of $13.15 billion, a price-to-earnings ratio of 28.28 and a beta of 0.49. Sunoco LP has a twelve month low of $47.98 and a twelve month high of $65.24. The company has a quick ratio of 0.78, a current ratio of 1.38 and a debt-to-equity ratio of 2.06. The business’s fifty day moving average is $58.42 and its 200 day moving average is $54.39.

Sunoco (NYSE:SUN) last issued its earnings results on Tuesday, February 17th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($1.55). The firm had revenue of $8.60 billion during the quarter, compared to analyst estimates of $9.65 billion. Sunoco had a return on equity of 10.76% and a net margin of 2.01%.Sunoco’s revenue for the quarter was up 63.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. As a group, sell-side analysts expect that Sunoco LP will post 10.65 EPS for the current fiscal year.

Sunoco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Friday, February 6th were paid a $0.9317 dividend. This is an increase from Sunoco’s previous quarterly dividend of $0.92. This represents a $3.73 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Friday, February 6th. Sunoco’s payout ratio is currently 164.32%.

Analyst Ratings Changes

Several analysts recently weighed in on SUN shares. Wall Street Zen downgraded Sunoco from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Zacks Research cut Sunoco from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Raymond James Financial raised Sunoco from an “outperform” rating to a “strong-buy” rating and set a $70.00 target price for the company in a research note on Monday, January 5th. Weiss Ratings downgraded shares of Sunoco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 23rd. Finally, Stifel Nicolaus lifted their price target on shares of Sunoco from $61.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.17.

Sunoco Company Profile

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.