3,961 Shares in Sunoco LP (NYSE:SUN) Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC acquired a new stake in Sunoco LP (NYSE:SUN) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,961 shares of the oil and gas company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Kieckhefer Group LLC bought a new position in shares of Sunoco in the fourth quarter valued at about $129,000. Wilmington Savings Fund Society FSB bought a new position in shares of Sunoco in the third quarter worth about $165,000. World Investment Advisors LLC lifted its position in shares of Sunoco by 5.6% during the third quarter. World Investment Advisors LLC now owns 3,800 shares of the oil and gas company’s stock worth $204,000 after purchasing an additional 200 shares in the last quarter. Tyche Wealth Partners LLC grew its stake in shares of Sunoco by 5.4% during the third quarter. Tyche Wealth Partners LLC now owns 3,905 shares of the oil and gas company’s stock valued at $210,000 after purchasing an additional 200 shares during the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Sunoco in the third quarter valued at approximately $221,000. Institutional investors and hedge funds own 24.29% of the company’s stock.

Sunoco Stock Performance

Shares of Sunoco stock opened at $56.39 on Friday. The firm has a fifty day moving average of $53.58 and a two-hundred day moving average of $53.37. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 1.16. The stock has a market capitalization of $8.59 billion, a price-to-earnings ratio of 12.96 and a beta of 1.36. Sunoco LP has a 52 week low of $49.45 and a 52 week high of $64.89.

Sunoco (NYSE:SUN) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($1.79). Sunoco had a net margin of 2.72% and a return on equity of 19.77%. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the prior year, the company posted $2.95 EPS. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. As a group, equities research analysts predict that Sunoco LP will post 9.63 EPS for the current year.

Sunoco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be paid a dividend of $0.8865 per share. This is a positive change from Sunoco’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.55 annualized dividend and a yield of 6.29%. Sunoco’s dividend payout ratio (DPR) is presently 80.46%.

Wall Street Analyst Weigh In

A number of research analysts have commented on SUN shares. Royal Bank of Canada increased their price objective on Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Barclays upped their price target on Sunoco from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.43.

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.