David K. Skidmore Buys 1,500 Shares of Sunoco LP (NYSE:SUN) Stock

Sunoco LP (NYSE:SUN) Director David K. Skidmore purchased 1,500 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was bought at an average price of $52.10 per share, with a total value of $78,150.00. Following the acquisition, the director now directly owns 14,608 shares in the company, valued at $761,076.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Sunoco Trading Up 2.1 %

Shares of SUN traded up $1.14 during trading hours on Friday, hitting $55.51. 422,948 shares of the stock traded hands, compared to its average volume of 465,898. Sunoco LP has a 1-year low of $41.95 and a 1-year high of $64.89. The business has a fifty day moving average of $60.12 and a 200-day moving average of $56.82. The company has a current ratio of 1.40, a quick ratio of 0.76 and a debt-to-equity ratio of 3.66. The firm has a market capitalization of $5.60 billion, a PE ratio of 15.24 and a beta of 1.27.

Sunoco (NYSE:SUN) last released its quarterly earnings results on Wednesday, February 14th. The oil and gas company reported ($1.50) earnings per share for the quarter, missing the consensus estimate of $0.96 by ($2.46). Sunoco had a net margin of 1.71% and a return on equity of 37.91%. The company had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the company earned $0.42 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Analysts expect that Sunoco LP will post 4.99 EPS for the current year.

Sunoco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.842 per share. This represents a $3.37 annualized dividend and a yield of 6.07%. The ex-dividend date was Tuesday, February 6th. Sunoco’s dividend payout ratio is 92.31%.

Analyst Upgrades and Downgrades

SUN has been the subject of several recent analyst reports. Citigroup cut shares of Sunoco from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a research note on Tuesday, February 27th. Raymond James lifted their target price on Sunoco from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Barclays increased their price target on Sunoco from $57.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Stifel Nicolaus cut shares of Sunoco from a “buy” rating to a “hold” rating and set a $62.00 target price for the company. in a research report on Tuesday, February 20th. Finally, Wells Fargo & Company raised their price objective on shares of Sunoco from $60.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 20th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Sunoco currently has an average rating of “Hold” and a consensus price target of $62.71.

Hedge Funds Weigh In On Sunoco

A number of large investors have recently made changes to their positions in SUN. Good Life Advisors LLC boosted its stake in Sunoco by 2.1% in the fourth quarter. Good Life Advisors LLC now owns 8,173 shares of the oil and gas company’s stock valued at $490,000 after buying an additional 166 shares in the last quarter. Brookstone Capital Management lifted its stake in shares of Sunoco by 1.9% in the 4th quarter. Brookstone Capital Management now owns 10,013 shares of the oil and gas company’s stock valued at $600,000 after purchasing an additional 184 shares during the period. International Assets Investment Management LLC increased its stake in shares of Sunoco by 1.7% in the 1st quarter. International Assets Investment Management LLC now owns 15,519 shares of the oil and gas company’s stock valued at $634,000 after acquiring an additional 266 shares in the last quarter. Compass Wealth Management LLC raised its stake in Sunoco by 60.0% during the 3rd quarter. Compass Wealth Management LLC now owns 800 shares of the oil and gas company’s stock worth $39,000 after buying an additional 300 shares during the period. Finally, XML Financial LLC lifted its holdings in shares of Sunoco by 1.3% in the 4th quarter. XML Financial LLC now owns 24,779 shares of the oil and gas company’s stock worth $1,485,000 after purchasing an additional 329 shares in the last quarter. Institutional investors own 24.29% of the company’s stock.

About Sunoco

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.