PFG Investments LLC Raises Stock Holdings in Sunoco LP (NYSE:SUN)

PFG Investments LLC raised its stake in Sunoco LP (NYSE:SUN) by 13.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,561 shares of the oil and gas company’s stock after buying an additional 794 shares during the quarter. PFG Investments LLC’s holdings in Sunoco were worth $396,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Principal Securities Inc. acquired a new position in Sunoco during the 4th quarter worth about $27,000. ICA Group Wealth Management LLC purchased a new position in shares of Sunoco in the fourth quarter valued at approximately $30,000. Compass Wealth Management LLC boosted its stake in shares of Sunoco by 60.0% in the third quarter. Compass Wealth Management LLC now owns 800 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 300 shares during the period. Allworth Financial LP grew its holdings in shares of Sunoco by 250.0% in the fourth quarter. Allworth Financial LP now owns 700 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 500 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in Sunoco during the 1st quarter worth approximately $55,000. Hedge funds and other institutional investors own 24.29% of the company’s stock.

Sunoco Stock Down 1.6 %

Shares of NYSE SUN traded down $0.89 during midday trading on Tuesday, hitting $56.32. 688,131 shares of the company’s stock were exchanged, compared to its average volume of 466,594. The firm’s fifty day simple moving average is $59.39 and its 200-day simple moving average is $57.30. 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 $5.68 billion, a PE ratio of 15.52 and a beta of 1.27. Sunoco LP has a twelve month low of $41.95 and a twelve month high of $64.89.

Sunoco (NYSE:SUN) last released its quarterly earnings data on Wednesday, February 14th. The oil and gas company reported ($1.50) earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($2.46). Sunoco had a return on equity of 37.91% and a net margin of 1.71%. The company had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the business posted $0.42 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. Research analysts predict that Sunoco LP will post 5.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SUN shares. Raymond James boosted their price target on shares of Sunoco from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Mizuho upped their price target on Sunoco from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Wells Fargo & Company lifted their price objective on Sunoco from $60.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 20th. Barclays upped their target price on shares of Sunoco from $57.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Finally, Citigroup downgraded shares of Sunoco from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a research note on Tuesday, February 27th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.71.

Insider Activity

In other news, Director David K. Skidmore acquired 1,500 shares of Sunoco stock in a transaction on Wednesday, April 17th. The stock was bought at an average price of $52.10 per share, for a total transaction of $78,150.00. Following the completion of the purchase, the director now owns 14,608 shares in the company, valued at $761,076.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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.