Deutsche Bank AG Acquires 573,698 Shares of Sunoco LP (SUN)
Deutsche Bank AG boosted its holdings in Sunoco LP (NYSE:SUN) by 168.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 913,280 shares of the oil and gas company’s stock after acquiring an additional 573,698 shares during the quarter. Deutsche Bank AG owned 0.79% of Sunoco worth $25,937,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in shares of Sunoco by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,450,389 shares of the oil and gas company’s stock worth $44,440,000 after buying an additional 173,588 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Sunoco by 18.2% during the 3rd quarter. Wells Fargo & Company MN now owns 46,128 shares of the oil and gas company’s stock worth $1,434,000 after buying an additional 7,102 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Sunoco during the 4th quarter worth approximately $11,161,000. Tower Research Capital LLC TRC bought a new position in shares of Sunoco during the 4th quarter worth approximately $271,000. Finally, Koch Industries Inc. bought a new position in shares of Sunoco during the 4th quarter worth approximately $517,000. 30.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of SUN stock opened at $26.76 on Wednesday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 3.39 and a current ratio of 3.74. Sunoco LP has a one year low of $23.50 and a one year high of $33.11. The stock has a market cap of $2,756.26, a P/E ratio of -3.35 and a beta of 0.60.
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Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.
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