Sunoco LP (NYSE:SUN) Shares Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC increased its holdings in shares of Sunoco LP (NYSE:SUN) by 31.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,939 shares of the oil and gas company’s stock after purchasing an additional 1,425 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Sunoco were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its position in Sunoco by 12.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 26,808 shares of the oil and gas company’s stock worth $1,379,000 after purchasing an additional 2,950 shares during the period. Avantax Advisory Services Inc. boosted its position in Sunoco by 9.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 12,100 shares of the oil and gas company’s stock worth $622,000 after purchasing an additional 1,048 shares during the period. Moors & Cabot Inc. boosted its position in Sunoco by 4.4% during the 4th quarter. Moors & Cabot Inc. now owns 14,224 shares of the oil and gas company’s stock worth $732,000 after purchasing an additional 600 shares during the period. Raymond James Financial Inc. purchased a new stake in Sunoco during the 4th quarter worth $17,739,000. Finally, Steward Partners Investment Advisory LLC boosted its position in Sunoco by 17.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,245 shares of the oil and gas company’s stock valued at $64,000 after buying an additional 182 shares during the last quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

Sunoco Stock Performance

Shares of Sunoco stock opened at $58.56 on Wednesday. The firm has a market cap of $8.94 billion, a PE ratio of 8.87 and a beta of 1.35. The firm’s 50-day simple moving average is $56.63 and its 200-day simple moving average is $54.21. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 1.27. Sunoco LP has a 1 year low of $49.45 and a 1 year high of $62.55.

Sunoco (NYSE:SUN) last issued its earnings results on Tuesday, February 11th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.73). Sunoco had a net margin of 3.85% and a return on equity of 22.52%. Equities analysts forecast that Sunoco LP will post 10.65 earnings per share for the current fiscal year.

Sunoco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid a $0.8865 dividend. The ex-dividend date was Friday, February 7th. This represents a $3.55 annualized dividend and a dividend yield of 6.06%. This is a positive change from Sunoco’s previous quarterly dividend of $0.88. Sunoco’s dividend payout ratio (DPR) is presently 53.64%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SUN. Royal Bank of Canada upped their price objective on shares of Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Barclays upped their price objective on shares of Sunoco from $59.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. Finally, Mizuho upped their price objective on shares of Sunoco from $61.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $63.67.

Sunoco Company 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.