239,948 Shares in Sunoco LP (NYSE:SUN) Purchased by TCG Advisory Services LLC

TCG Advisory Services LLC bought a new position in Sunoco LP (NYSE:SUN) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 239,948 shares of the oil and gas company’s stock, valued at approximately $14,380,000. Sunoco accounts for 1.0% of TCG Advisory Services LLC’s portfolio, making the stock its 20th biggest position.

Several other large investors have also added to or reduced their stakes in the stock. Compass Wealth Management LLC boosted its position in shares of Sunoco by 60.0% during the 3rd quarter. Compass Wealth Management LLC now owns 800 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 300 shares during the last quarter. Allworth Financial LP boosted its position in shares of Sunoco by 250.0% during the 4th quarter. Allworth Financial LP now owns 700 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 500 shares during the last quarter. Retirement Solution Inc. bought a new stake in shares of Sunoco during the 4th quarter valued at about $200,000. CWA Asset Management Group LLC bought a new stake in shares of Sunoco during the 3rd quarter valued at about $201,000. Finally, Alpha Cubed Investments LLC bought a new stake in shares of Sunoco during the 4th quarter valued at about $207,000. Institutional investors own 24.29% of the company’s stock.

Sunoco Trading Up 1.1 %

Sunoco stock traded up $0.61 during trading hours on Friday, reaching $55.91. The company had a trading volume of 613,216 shares, compared to its average volume of 664,122. 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 50-day moving average price of $58.88 and a 200 day moving average price of $57.40. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 15.36 and a beta of 1.29. Sunoco LP has a 12-month low of $41.95 and a 12-month high of $64.89.

Sunoco (NYSE:SUN) last announced its quarterly earnings results on Wednesday, February 14th. The oil and gas company reported ($1.50) EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($2.46). The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Sunoco had a return on equity of 37.91% and a net margin of 1.71%. Sunoco’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share. Equities analysts forecast that Sunoco LP will post 5.07 earnings per share for the current year.

Sunoco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be paid a $0.876 dividend. This is a boost from Sunoco’s previous quarterly dividend of $0.84. This represents a $3.50 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend is Friday, May 10th. Sunoco’s payout ratio is 92.58%.

Insiders Place Their Bets

In related news, Director David K. Skidmore purchased 1,500 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were acquired at an average cost of $52.10 per share, with a total value of $78,150.00. Following the purchase, the director now directly owns 14,608 shares of the company’s stock, valued at $761,076.80. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Raymond James lifted their price target on Sunoco from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Barclays lifted their price target on Sunoco from $57.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Stifel Nicolaus downgraded Sunoco from a “buy” rating to a “hold” rating and set a $62.00 price target for the company. in a research report on Tuesday, February 20th. StockNews.com downgraded Sunoco from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, Wells Fargo & Company boosted their target price on Sunoco from $60.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 20th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $62.71.

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.