Neuberger Berman Group LLC Has $25.61 Million Stock Holdings in Sunoco LP (NYSE:SUN)

Neuberger Berman Group LLC raised its stake in Sunoco LP (NYSE:SUN) by 63.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 497,891 shares of the oil and gas company’s stock after purchasing an additional 193,278 shares during the period. Neuberger Berman Group LLC owned 0.33% of Sunoco worth $25,611,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SUN. Invesco Ltd. grew its stake in Sunoco by 2.3% in the 4th quarter. Invesco Ltd. now owns 8,868,926 shares of the oil and gas company’s stock valued at $456,218,000 after buying an additional 198,859 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of 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 during the last quarter. Miller Howard Investments Inc. NY increased its stake in shares of 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 worth $30,610,000 after purchasing an additional 5,296 shares during the period. ING Groep NV lifted its holdings in Sunoco by 223.7% during the 4th quarter. ING Groep NV now owns 513,715 shares of the oil and gas company’s stock worth $26,426,000 after purchasing an additional 355,000 shares during the last quarter. Finally, Barclays PLC boosted its stake in Sunoco by 908,833.3% in the 3rd quarter. Barclays PLC now owns 436,288 shares of the oil and gas company’s stock valued at $23,419,000 after purchasing an additional 436,240 shares during the period. 24.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SUN shares. Mizuho increased their price objective on Sunoco from $66.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, April 3rd. Barclays lowered their price target on shares of Sunoco from $62.00 to $61.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $63.83.

Sunoco Stock Performance

NYSE:SUN opened at $51.75 on Friday. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 7.84 and a beta of 1.06. Sunoco LP has a fifty-two week low of $48.00 and a fifty-two week high of $59.67. 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 stock has a fifty day moving average price of $57.03 and a 200-day moving average price of $54.53.

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

Sunoco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were paid a $0.8865 dividend. This represents a $3.55 dividend on an annualized basis and a yield of 6.85%. This is a boost from Sunoco’s previous quarterly dividend of $0.88. The ex-dividend date was Friday, February 7th. Sunoco’s dividend payout ratio (DPR) is 53.64%.

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.