Miller Howard Investments Inc. NY grew its stake in Sunoco LP (NYSE:SUN - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 595,057 shares of the oil and gas company's stock after purchasing an additional 5,296 shares during the period. Miller Howard Investments Inc. NY owned approximately 0.39% of Sunoco worth $30,610,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Sanctuary Advisors LLC grew its stake in shares of Sunoco by 11.7% during the third quarter. Sanctuary Advisors LLC now owns 96,377 shares of the oil and gas company's stock valued at $5,236,000 after purchasing an additional 10,080 shares during the last quarter. JPMorgan Chase & Co. increased its stake 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 valued at $117,644,000 after purchasing an additional 455,361 shares in the last quarter. International Assets Investment Management LLC raised its stake in Sunoco by 5,437.3% during the 3rd quarter. International Assets Investment Management LLC now owns 572,779 shares of the oil and gas company's stock worth $30,747,000 after buying an additional 562,435 shares during the period. Avid Wealth Partners LLC bought a new position in Sunoco during the third quarter worth about $850,000. Finally, FORA Capital LLC acquired a new position in Sunoco in the third quarter valued at about $524,000. Institutional investors and hedge funds own 24.29% of the company's stock.
Several equities analysts have recently weighed in on SUN shares. Royal Bank of Canada lifted their price objective on Sunoco from $63.00 to $64.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Barclays upped their price target on shares of Sunoco from $60.00 to $63.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. Finally, Mizuho raised their price objective on shares of Sunoco from $61.00 to $66.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $63.43.
Read Our Latest Stock Report on SUN
Shares of SUN stock opened at $56.31 on Friday. The firm has a market cap of $8.58 billion, a PE ratio of 12.94 and a beta of 1.36. Sunoco LP has a 12 month low of $49.45 and a 12 month high of $64.89. The company's fifty day simple moving average is $53.91 and its 200-day simple moving average is $53.38. The company has a quick ratio of 0.66, a current ratio of 1.16 and a debt-to-equity ratio of 1.74.
Sunoco (NYSE:SUN - Get Free Report) last posted 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). The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $6.09 billion. Sunoco had a return on equity of 19.77% and a net margin of 2.72%. The company's quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.95 earnings per share. Equities research analysts expect that Sunoco LP will post 9.63 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be given a dividend of $0.8865 per share. The ex-dividend date is Friday, February 7th. This is a boost from Sunoco's previous quarterly dividend of $0.88. This represents a $3.55 annualized dividend and a yield of 6.30%. Sunoco's dividend payout ratio is 80.46%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Before you consider Sunoco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sunoco wasn't on the list.
While Sunoco currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.