2,500 Shares in Sunoco LP (NYSE:SUN) Bought by Kieckhefer Group LLC

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

Several other hedge funds have also recently bought and sold shares of the stock. Sanctuary Advisors LLC increased its position in shares of Sunoco by 11.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 96,377 shares of the oil and gas company’s stock worth $5,236,000 after purchasing an additional 10,080 shares during the last quarter. JPMorgan Chase & Co. raised its position in 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 worth $117,644,000 after acquiring an additional 455,361 shares in the last quarter. Gateway Advisory LLC acquired a new stake in Sunoco in the second quarter valued at $1,222,000. International Assets Investment Management LLC grew its position in shares of Sunoco by 5,437.3% in the 3rd quarter. International Assets Investment Management LLC now owns 572,779 shares of the oil and gas company’s stock valued at $30,747,000 after acquiring an additional 562,435 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Sunoco during the 2nd quarter worth about $889,000. 24.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Sunoco Price Performance

NYSE SUN traded up $1.28 during midday 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 company has a market capitalization of $8.01 billion, a PE ratio of 12.09 and a beta of 1.36. Sunoco LP has a twelve month low of $49.45 and a twelve month high of $64.89. The company has a current ratio of 1.16, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74. The firm has a 50-day moving average price of $52.92 and a 200-day moving average price of $53.51.

Sunoco (NYSE:SUN) last released its earnings results on Wednesday, November 6th. The oil and gas company reported ($0.26) EPS for the quarter, missing the consensus estimate of $1.53 by ($1.79). Sunoco had a net margin of 2.72% and a return on equity of 19.77%. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the prior year, the business earned $2.95 earnings per share. Sunoco’s quarterly revenue was down 9.0% compared to the same quarter last year. As a group, analysts anticipate that Sunoco LP will post 7.16 earnings per share for the current fiscal year.

Sunoco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were paid 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 80.46%.

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.