Security National Bank of Sioux City Iowa IA purchased a new position in Sunoco LP (NYSE:SUN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,000 shares of the oil and gas company’s stock, valued at approximately $207,000.

A number of other institutional investors have also bought and sold shares of the business. OppenheimerFunds Inc. grew its position in Sunoco by 5.2% in the third quarter. OppenheimerFunds Inc. now owns 14,295,800 shares of the oil and gas company’s stock worth $422,441,000 after buying an additional 709,878 shares during the last quarter. JPMorgan Chase & Co. grew its position in Sunoco by 28.0% in the third quarter. JPMorgan Chase & Co. now owns 1,713,603 shares of the oil and gas company’s stock worth $50,637,000 after buying an additional 375,235 shares during the last quarter. Renaissance Technologies LLC grew its position in Sunoco by 28.6% in the second quarter. Renaissance Technologies LLC now owns 421,700 shares of the oil and gas company’s stock worth $10,526,000 after buying an additional 93,875 shares during the last quarter. Cadence Capital Management LLC grew its position in Sunoco by 46.9% in the second quarter. Cadence Capital Management LLC now owns 198,390 shares of the oil and gas company’s stock worth $4,952,000 after buying an additional 63,300 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in Sunoco by 2.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 122,507 shares of the oil and gas company’s stock worth $3,058,000 after buying an additional 3,034 shares during the last quarter. Hedge funds and other institutional investors own 29.14% of the company’s stock.

Shares of Sunoco stock traded up $0.33 on Friday, hitting $27.83. 402 shares of the company traded hands, compared to its average volume of 395,808. The company has a quick ratio of 0.79, a current ratio of 1.23 and a debt-to-equity ratio of 2.94. Sunoco LP has a 12-month low of $24.46 and a 12-month high of $33.11. The stock has a market cap of $2.70 billion, a P/E ratio of 12.16 and a beta of 0.81.

Sunoco (NYSE:SUN) last posted its quarterly earnings results on Wednesday, November 7th. The oil and gas company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.65 by $0.50. Sunoco had a net margin of 0.60% and a return on equity of 38.90%. The business had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.59 billion. During the same period in the previous year, the company posted $1.08 EPS. Sunoco’s revenue was up 55.4% on a year-over-year basis. On average, equities research analysts expect that Sunoco LP will post 2.68 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Tuesday, November 6th were issued a dividend of $0.8255 per share. This represents a $3.30 annualized dividend and a dividend yield of 11.86%. The ex-dividend date of this dividend was Monday, November 5th. Sunoco’s dividend payout ratio is currently 144.10%.

Several equities analysts have weighed in on SUN shares. Zacks Investment Research cut shares of Sunoco from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Wells Fargo & Co lowered their price objective on shares of Sunoco from $30.00 to $29.00 and set a “market perform” rating on the stock in a research report on Thursday, September 13th. JPMorgan Chase & Co. cut shares of Sunoco from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $33.00 to $32.00 in a research report on Friday, October 12th. Raymond James reiterated a “buy” rating on shares of Sunoco in a research report on Monday, August 13th. Finally, ValuEngine upgraded shares of Sunoco from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.55.

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About Sunoco

Sunoco LP, together with its subsidiaries, engages in the wholesale distribution and retail sale of motor fuels primarily in the United States. The company operates through two segments, Wholesale and Retail. It serves convenience stores and commission agent locations, contracted independent convenience store operators, and other commercial customers.

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Institutional Ownership by Quarter for Sunoco (NYSE:SUN)

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