McIlrath & Eck LLC purchased a new stake in Sunoco LP (NYSE:SUN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,000 shares of the oil and gas company’s stock, valued at approximately $31,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SUN. Mutual Advisors LLC raised its holdings in shares of Sunoco by 3.9% in the 3rd quarter. Mutual Advisors LLC now owns 21,975 shares of the oil and gas company’s stock worth $691,000 after acquiring an additional 827 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of Sunoco by 3.2% in the 3rd quarter. Sigma Planning Corp now owns 17,129 shares of the oil and gas company’s stock worth $539,000 after acquiring an additional 536 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Sunoco by 51.6% in the 3rd quarter. California Public Employees Retirement System now owns 104,511 shares of the oil and gas company’s stock worth $3,287,000 after acquiring an additional 35,566 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Sunoco in the 3rd quarter worth about $283,000. Finally, Hussman Strategic Advisors Inc. acquired a new stake in shares of Sunoco in the 3rd quarter worth about $1,572,000. 28.65% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Machell Simon bought 6,305 shares of Sunoco stock in a transaction dated Thursday, October 31st. The stock was purchased at an average cost of $13.45 per share, with a total value of $84,802.25.
SUN stock traded down $0.57 during trading on Friday, reaching $31.84. The stock had a trading volume of 266,045 shares, compared to its average volume of 277,998. Sunoco LP has a one year low of $23.80 and a one year high of $34.09. The company has a quick ratio of 0.78, a current ratio of 1.24 and a debt-to-equity ratio of 4.51. The company’s 50 day moving average is $32.07 and its two-hundred day moving average is $31.51. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 12.34 and a beta of 0.81.
Sunoco (NYSE:SUN) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.24). Sunoco had a return on equity of 35.57% and a net margin of 1.21%. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.41 billion. During the same period in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. As a group, research analysts predict that Sunoco LP will post 2.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be given a $0.8255 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 10.37%. The ex-dividend date of this dividend is Monday, November 4th. Sunoco’s payout ratio is 127.91%.
Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations.
Featured Story: Rule of 72
Want to see what other hedge funds are holding SUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sunoco LP (NYSE:SUN).
Receive News & Ratings for Sunoco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco and related companies with MarketBeat.com's FREE daily email newsletter.