Kieckhefer Group LLC Takes Position in Sunoco LP (NYSE:SUN)

Kieckhefer Group LLC acquired a new stake in Sunoco LP (NYSE:SUN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,500 shares of the oil and gas company’s stock, valued at approximately $129,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chickasaw Capital Management LLC boosted its stake in shares of Sunoco by 21.5% in the 4th quarter. Chickasaw Capital Management LLC now owns 77,000 shares of the oil and gas company’s stock valued at $3,961,000 after purchasing an additional 13,600 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sunoco by 26.2% during 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 acquiring an additional 455,361 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Sunoco by 1.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 10,637 shares of the oil and gas company’s stock valued at $570,000 after buying an additional 190 shares in the last quarter. Tidal Investments LLC boosted its stake in Sunoco by 17.0% during the 3rd quarter. Tidal Investments LLC now owns 7,597 shares of the oil and gas company’s stock valued at $408,000 after purchasing an additional 1,105 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Sunoco during the 3rd quarter worth approximately $165,000. 24.29% of the stock is currently owned by institutional investors and hedge funds.

Sunoco Stock Performance

Shares of NYSE SUN traded up $1.28 during mid-day trading on Monday, hitting $52.57. The company had a trading volume of 140,146 shares, compared to its average volume of 288,224. The stock’s 50-day moving average price is $52.92 and its 200-day moving average price is $53.51. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 12.09 and a beta of 1.36. The company has a current ratio of 1.16, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74. Sunoco LP has a 1 year low of $49.45 and a 1 year high of $64.89.

Sunoco (NYSE:SUN) last announced its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($1.79). The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $2.95 earnings per share. On average, sell-side analysts forecast that Sunoco LP will post 7.16 earnings per share for the current year.

Sunoco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were issued a $0.8756 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.50 annualized dividend and a dividend yield of 6.66%. Sunoco’s payout ratio is currently 80.46%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SUN shares. Barclays upped their target price on shares of Sunoco from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Royal Bank of Canada increased their price objective on shares of Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Sunoco presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

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.