Sunoco LP (NYSE:SUN) Position Reduced by Fractal Investments LLC

Fractal Investments LLC reduced its holdings in shares of Sunoco LP (NYSE:SUN) by 17.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 552,768 shares of the oil and gas company’s stock after selling 119,914 shares during the quarter. Sunoco accounts for 4.4% of Fractal Investments LLC’s portfolio, making the stock its 9th largest position. Fractal Investments LLC’s holdings in Sunoco were worth $28,434,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sanctuary Advisors LLC raised 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 period. JPMorgan Chase & Co. increased its stake in Sunoco by 26.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,191,570 shares of the oil and gas company’s stock worth $117,644,000 after buying an additional 455,361 shares during the period. International Assets Investment Management LLC increased 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 purchased a new position in Sunoco in the 3rd quarter valued at about $850,000. Finally, FORA Capital LLC acquired a new stake in shares of Sunoco during the third quarter valued at about $524,000. Institutional investors and hedge funds own 24.29% of the company’s stock.

Sunoco Stock Up 0.3 %

Shares of NYSE:SUN opened at $59.31 on Thursday. The company’s fifty day moving average is $53.85 and its two-hundred day moving average is $53.38. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 1.16. Sunoco LP has a 1-year low of $49.45 and a 1-year high of $64.89. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 13.63 and a beta of 1.36.

Sunoco (NYSE:SUN) last issued its 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 business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $6.09 billion. Sunoco had a return on equity of 19.77% and a net margin of 2.72%. The business’s revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.95 EPS. Equities analysts anticipate that Sunoco LP will post 9.63 EPS for the current year.

Sunoco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th will be given a $0.8865 dividend. The ex-dividend date of this dividend is Friday, February 7th. This is a positive change from Sunoco’s previous quarterly dividend of $0.88. This represents a $3.55 annualized dividend and a yield of 5.98%. Sunoco’s dividend payout ratio (DPR) is currently 80.46%.

Analyst Upgrades and Downgrades

SUN has been the topic of several analyst reports. Barclays lifted their price objective on Sunoco from $60.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Royal Bank of Canada lifted their price target on shares of Sunoco from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Mizuho increased their price objective on shares of Sunoco from $61.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Sunoco has a consensus rating of “Moderate Buy” and an average target price of $63.43.

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.