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

Sunoco LP (NYSE:SUN) Director David K. Skidmore acquired 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were purchased at an average price of $52.10 per share, with a total value of $78,150.00. Following the acquisition, the director now owns 14,608 shares of the company’s stock, valued at approximately $761,076.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Sunoco Stock Up 2.1 %

NYSE:SUN traded up $1.14 on Friday, hitting $55.51. 422,948 shares of the company’s stock were exchanged, compared to its average volume of 465,898. The firm has a 50-day moving average price of $60.12 and a 200-day moving average price of $56.82. Sunoco LP has a 52 week low of $41.95 and a 52 week high of $64.89. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.40 and a quick ratio of 0.76. The company has a market cap of $5.60 billion, a P/E ratio of 15.24 and a beta of 1.27.

Sunoco (NYSE:SUN) last issued its quarterly earnings results on Wednesday, February 14th. The oil and gas company reported ($1.50) EPS 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 for the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, analysts expect that Sunoco LP will post 4.99 EPS for the current fiscal year.

Sunoco Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on SUN shares. Mizuho upped their price objective on shares of Sunoco from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Stifel Nicolaus lowered Sunoco from a “buy” rating to a “hold” rating and set a $62.00 price objective for the company. in a research report on Tuesday, February 20th. Barclays increased their target price on Sunoco from $57.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. upped their price target on shares of Sunoco from $53.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Finally, Wells Fargo & Company raised their price objective on shares of Sunoco from $60.00 to $61.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 20th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Sunoco has a consensus rating of “Hold” and a consensus price target of $62.71.

Institutional Investors Weigh In On Sunoco

A number of large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. bought a new position in shares of Sunoco in the fourth quarter valued at about $26,000. Steward Partners Investment Advisory LLC acquired a new stake in Sunoco during the 1st quarter worth approximately $26,000. Principal Securities Inc. bought a new stake in Sunoco in the 4th quarter valued at $27,000. ICA Group Wealth Management LLC acquired a new position in Sunoco in the 4th quarter valued at $30,000. Finally, Compass Wealth Management LLC lifted its holdings in shares of Sunoco by 60.0% during the third 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 in the last quarter. Institutional investors own 24.29% of the company’s stock.

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.