Wealthcare Advisory Partners LLC Sells 248 Shares of Sunoco LP (NYSE:SUN)

Wealthcare Advisory Partners LLC cut its position in Sunoco LP (NYSE:SUN) by 3.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,986 shares of the oil and gas company’s stock after selling 248 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Sunoco were worth $419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SUN. Commonwealth Equity Services LLC lifted its stake in Sunoco by 25.0% in the third quarter. Commonwealth Equity Services LLC now owns 31,697 shares of the oil and gas company’s stock valued at $1,552,000 after acquiring an additional 6,338 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Sunoco by 2.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 22,129 shares of the oil and gas company’s stock worth $1,083,000 after purchasing an additional 520 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Sunoco by 1.0% in the 3rd quarter. Raymond James & Associates now owns 71,705 shares of the oil and gas company’s stock valued at $3,510,000 after purchasing an additional 721 shares during the period. ING Groep NV increased its position in Sunoco by 138.3% during the third quarter. ING Groep NV now owns 172,300 shares of the oil and gas company’s stock worth $8,434,000 after buying an additional 100,000 shares during the last quarter. Finally, WealthPlan Investment Management LLC acquired a new position in Sunoco during the third quarter worth approximately $368,000. 24.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SUN shares. Raymond James lifted their target price on 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 objective on shares of Sunoco from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Citigroup cut shares of Sunoco from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a research note on Tuesday, February 27th. Stifel Nicolaus lowered shares of Sunoco from a “buy” rating to a “hold” rating and set a $62.00 price target on the stock. in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sunoco from $53.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sunoco currently has a consensus rating of “Hold” and an average price target of $62.71.

Insiders Place Their Bets

In related news, Director David K. Skidmore purchased 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were bought at an average cost of $52.10 per share, with a total value of $78,150.00. Following the acquisition, the director now owns 14,608 shares of the company’s stock, valued at approximately $761,076.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sunoco Stock Down 2.1 %

Shares of SUN opened at $55.86 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.76 and a debt-to-equity ratio of 3.66. The stock has a market capitalization of $5.63 billion, a PE ratio of 15.35 and a beta of 1.29. The firm’s 50 day moving average is $58.48 and its 200-day moving average is $57.49. Sunoco LP has a 12 month low of $41.95 and a 12 month high of $64.89.

Sunoco (NYSE:SUN) last issued its quarterly earnings results on Wednesday, February 14th. The oil and gas company reported ($1.50) EPS 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 the consensus estimate of $5.42 billion. During the same quarter in the previous year, the business posted $0.42 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities research analysts forecast that Sunoco LP will post 5.07 EPS for the current year.

Sunoco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be paid a $0.876 dividend. This is a positive change from Sunoco’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Friday, May 10th. This represents a $3.50 annualized dividend and a dividend yield of 6.27%. Sunoco’s dividend payout ratio (DPR) is presently 96.15%.

Sunoco Company 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.