Yorktown Management & Research Co Inc Takes Position in Sunoco LP (SUN)
Yorktown Management & Research Co Inc purchased a new position in Sunoco LP (NYSE:SUN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,600 shares of the oil and gas company’s stock, valued at approximately $273,000.
Other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Sunoco by 24.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,262 shares of the oil and gas company’s stock worth $191,000 after purchasing an additional 1,213 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of Sunoco in the fourth quarter worth $271,000. California Public Employees Retirement System bought a new position in shares of Sunoco in the third quarter worth $329,000. Virtu Financial LLC bought a new position in shares of Sunoco in the fourth quarter worth $353,000. Finally, Alliancebernstein L.P. increased its holdings in shares of Sunoco by 5.9% in the second quarter. Alliancebernstein L.P. now owns 12,679 shares of the oil and gas company’s stock worth $388,000 after purchasing an additional 710 shares during the period. 26.31% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Arnold Dodderer sold 2,512 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $28.98, for a total value of $72,797.76. Following the completion of the transaction, the insider now directly owns 23,923 shares in the company, valued at $693,288.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Sunoco LP (SUN) opened at $28.51 on Friday. Sunoco LP has a 1 year low of $23.09 and a 1 year high of $33.11. The stock has a market cap of $3,319.15, a price-to-earnings ratio of 16.95 and a beta of 0.60. The company has a debt-to-equity ratio of 2.20, a current ratio of 3.74 and a quick ratio of 3.75.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th were given a $0.8255 dividend. The ex-dividend date was Monday, February 5th. This represents a $3.30 annualized dividend and a yield of 11.58%. Sunoco’s dividend payout ratio (DPR) is presently -41.30%.
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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