3,342 Shares in Sunoco LP (NYSE:SUN) Bought by Retirement Solution Inc.

Retirement Solution Inc. acquired a new position in shares of Sunoco LP (NYSE:SUN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,342 shares of the oil and gas company’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SUN. Fractal Investments LLC increased its stake in Sunoco by 1,110.0% in the 4th quarter. Fractal Investments LLC now owns 242,000 shares of the oil and gas company’s stock valued at $14,503,000 after buying an additional 222,000 shares during the last quarter. Jennison Associates LLC acquired a new stake in Sunoco in the 4th quarter valued at $15,396,000. Tyche Wealth Partners LLC acquired a new stake in Sunoco in the 4th quarter valued at $226,000. Wealth Alliance acquired a new stake in Sunoco in the 4th quarter valued at $227,000. Finally, Bison Wealth LLC acquired a new position in shares of Sunoco during the 4th quarter worth about $209,000. 24.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SUN shares. Wells Fargo & Company boosted their price objective on shares of Sunoco from $60.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 20th. Barclays boosted their price objective on shares of Sunoco from $57.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Raymond James boosted their price objective on shares of Sunoco from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Citigroup lowered shares of Sunoco from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Sunoco from $53.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.71.

Insider Transactions at Sunoco

In other news, Director David K. Skidmore purchased 1,500 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was bought at an average price of $52.10 per share, with a total value of $78,150.00. Following the acquisition, the director now owns 14,608 shares in the company, valued at approximately $761,076.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sunoco Stock Performance

Shares of SUN stock traded down $0.25 during midday trading on Wednesday, hitting $56.39. 323,659 shares of the company were exchanged, compared to its average volume of 462,598. The firm has a market capitalization of $5.69 billion, a P/E ratio of 15.49 and a beta of 1.27. The company has a debt-to-equity ratio of 3.66, a quick ratio of 0.76 and a current ratio of 1.40. The firm’s 50 day moving average price is $59.83 and its two-hundred day moving average price is $57.12. Sunoco LP has a 52 week low of $41.95 and a 52 week high of $64.89.

Sunoco (NYSE:SUN) last posted its quarterly earnings data on Wednesday, February 14th. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($2.46). The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.42 billion. Sunoco had a net margin of 1.71% and a return on equity of 37.91%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. As a group, equities research analysts anticipate that Sunoco LP will post 4.99 earnings per share for the current year.

Sunoco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 7th were issued a $0.842 dividend. This represents a $3.37 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date of this dividend was Tuesday, February 6th. Sunoco’s dividend payout ratio is currently 92.31%.

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.