Dividend Assets Capital LLC Sells 466 Shares of Sunoco LP (NYSE:SUN)

Dividend Assets Capital LLC lowered its position in Sunoco LP (NYSE:SUN) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,922 shares of the oil and gas company’s stock after selling 466 shares during the period. Dividend Assets Capital LLC’s holdings in Sunoco were worth $1,488,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SUN. JPMorgan Chase & Co. boosted its position in Sunoco by 26.2% in the third quarter. JPMorgan Chase & Co. now owns 2,191,570 shares of the oil and gas company’s stock worth $117,644,000 after purchasing an additional 455,361 shares during the last quarter. Infrastructure Capital Advisors LLC boosted its holdings in shares of Sunoco by 3.1% in the third quarter. Infrastructure Capital Advisors LLC now owns 1,087,407 shares of the oil and gas company’s stock worth $58,372,000 after buying an additional 32,239 shares during the last quarter. Recurrent Investment Advisors LLC boosted its holdings in shares of Sunoco by 29.3% in the third quarter. Recurrent Investment Advisors LLC now owns 864,176 shares of the oil and gas company’s stock worth $46,389,000 after buying an additional 195,583 shares during the last quarter. Miller Howard Investments Inc. NY grew its position in Sunoco by 0.9% during the fourth quarter. Miller Howard Investments Inc. NY now owns 595,057 shares of the oil and gas company’s stock valued at $30,610,000 after buying an additional 5,296 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in Sunoco by 5,437.3% during the third quarter. International Assets Investment Management LLC now owns 572,779 shares of the oil and gas company’s stock valued at $30,747,000 after buying an additional 562,435 shares during the last quarter. Institutional investors own 24.29% of the company’s stock.

Sunoco Stock Up 0.2 %

SUN opened at $58.04 on Friday. The stock has a market cap of $8.86 billion, a price-to-earnings ratio of 8.79 and a beta of 1.36. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 1.27. The firm’s fifty day moving average is $54.48 and its 200 day moving average is $53.59. Sunoco LP has a fifty-two week low of $49.45 and a fifty-two week high of $64.89.

Sunoco (NYSE:SUN) last announced its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.73). Sunoco had a net margin of 3.85% and a return on equity of 22.52%. On average, sell-side analysts forecast that Sunoco LP will post 10.65 earnings per share for the current fiscal year.

Sunoco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were issued a $0.8865 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from Sunoco’s previous quarterly dividend of $0.88. This represents a $3.55 dividend on an annualized basis and a yield of 6.11%. Sunoco’s payout ratio is currently 53.79%.

Analysts Set New Price Targets

SUN has been the topic of several analyst reports. Royal Bank of Canada lifted their price target on shares of Sunoco from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Barclays lifted their target price on Sunoco from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, Mizuho upped their price target on Sunoco from $61.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sunoco currently has an average rating of “Moderate Buy” and an average price target of $63.83.

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.