Retirement Solution Inc. Takes Position in Sunoco LP (NYSE:SUN)

Retirement Solution Inc. bought a new stake in shares of Sunoco LP (NYSE:SUN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,342 shares of the oil and gas company’s stock, valued at approximately $200,000.

Several other institutional investors also recently made changes to their positions in the stock. Good Life Advisors LLC lifted its position 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 worth $490,000 after purchasing an additional 166 shares during the period. Brookstone Capital Management lifted its position in Sunoco by 1.9% in the fourth quarter. Brookstone Capital Management now owns 10,013 shares of the oil and gas company’s stock worth $600,000 after purchasing an additional 184 shares during the period. International Assets Investment Management LLC lifted its position in Sunoco by 3.0% in the fourth quarter. International Assets Investment Management LLC now owns 9,583 shares of the oil and gas company’s stock worth $574,000 after purchasing an additional 283 shares during the period. Compass Wealth Management LLC lifted its position in Sunoco by 60.0% in the third quarter. Compass Wealth Management LLC now owns 800 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 300 shares during the period. Finally, Counterpoint Mutual Funds LLC lifted its position in Sunoco by 23.1% in the third quarter. Counterpoint Mutual Funds LLC now owns 2,368 shares of the oil and gas company’s stock worth $116,000 after purchasing an additional 444 shares during the period. 24.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SUN has been the subject of a number of research analyst reports. Citigroup downgraded Sunoco from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a research report on Tuesday, February 27th. Barclays upped their price target on Sunoco from $57.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. StockNews.com cut Sunoco from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. upped their price target on 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 upped their price target on Sunoco from $60.00 to $61.00 and gave the company an “equal weight” rating in a report on Tuesday, February 20th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $62.71.

Insider Transactions at Sunoco

In related news, Director David K. Skidmore purchased 1,500 shares of the company’s stock in a transaction dated 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 completion of the purchase, the director now owns 14,608 shares of the company’s stock, valued at approximately $761,076.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Sunoco Stock Down 0.4 %

NYSE:SUN traded down $0.25 during trading hours on Wednesday, hitting $56.39. 323,659 shares of the stock traded hands, compared to its average volume of 462,598. The firm has a 50 day moving average price of $59.83 and a 200 day moving average price of $57.12. The company has a current ratio of 1.40, a quick ratio of 0.76 and a debt-to-equity ratio of 3.66. Sunoco LP has a fifty-two week low of $41.95 and a fifty-two week high of $64.89. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 15.49 and a beta of 1.27.

Sunoco (NYSE:SUN) last posted its quarterly earnings results 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 during 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 company’s revenue was down 4.7% compared to the same quarter last year. Equities research analysts anticipate that Sunoco LP will post 4.99 earnings per share for the current year.

Sunoco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were paid a $0.842 dividend. This represents a $3.37 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date of this dividend was Tuesday, February 6th. Sunoco’s dividend payout ratio (DPR) is presently 92.31%.

Sunoco 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.