Geode Capital Management LLC acquired a new stake in Sunoco LP (NYSE:SUN) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 7,635 shares of the oil and gas company’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tortoise Index Solutions LLC grew its holdings in Sunoco by 110.0% in the fourth quarter. Tortoise Index Solutions LLC now owns 20,405 shares of the oil and gas company’s stock valued at $555,000 after purchasing an additional 10,688 shares during the last quarter. Stifel Financial Corp acquired a new stake in Sunoco in the fourth quarter valued at $266,000. Hsbc Holdings PLC acquired a new stake in Sunoco in the fourth quarter valued at $3,842,000. Resources Investment Advisors Inc. acquired a new stake in Sunoco in the fourth quarter valued at $41,000. Finally, Citigroup Inc. grew its holdings in Sunoco by 58.8% in the fourth quarter. Citigroup Inc. now owns 80,537 shares of the oil and gas company’s stock valued at $2,190,000 after purchasing an additional 29,836 shares during the last quarter. Institutional investors and hedge funds own 30.04% of the company’s stock.

Shares of NYSE:SUN opened at $30.31 on Thursday. The company has a current ratio of 1.32, a quick ratio of 0.61 and a debt-to-equity ratio of 4.40. Sunoco LP has a 52-week low of $23.80 and a 52-week high of $31.88. The firm has a market capitalization of $3.05 billion, a PE ratio of 11.75 and a beta of 0.85.

Sunoco (NYSE:SUN) last issued its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Sunoco had a return on equity of 38.68% and a net margin of 1.28%. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the business earned ($3.74) earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. On average, equities analysts anticipate that Sunoco LP will post 2.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th were given a $0.8255 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $3.30 annualized dividend and a dividend yield of 10.89%. Sunoco’s dividend payout ratio is currently 127.91%.

SUN has been the topic of several research reports. Credit Suisse Group upped their target price on Sunoco from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, February 22nd. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Sunoco in a research report on Thursday, May 9th. Barclays downgraded Sunoco from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $34.00 to $32.00 in a research report on Tuesday, April 16th. Zacks Investment Research downgraded Sunoco from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Finally, ValuEngine upgraded Sunoco from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Sunoco has an average rating of “Hold” and an average target price of $30.33.

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Sunoco Company Profile

Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations.

Further Reading: Debt-To-Equity Ratio

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Institutional Ownership by Quarter for Sunoco (NYSE:SUN)

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