19,618 Shares in Sunoco LP $SUN Bought by CW Advisors LLC

Key Points

• CW Advisors LLC has invested approximately $1.13 million in Sunoco LP, purchasing 19,618 shares during the first quarter.
• Sunoco recently declared a quarterly dividend of $0.9088, up from $0.90, reflecting a 7.0% yield with a high payout ratio of 179.31%.
• Analysts maintain a generally positive outlook on Sunoco, with an average price target of $64.75 and several firms rating the stock as "Buy" or "Outperform."

CW Advisors LLC acquired a new stake in shares of Sunoco LP (NYSE:SUN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 19,618 shares of the oil and gas company's stock, valued at approximately $1,129,000.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Sunoco by 5.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,262 shares of the oil and gas company's stock worth $306,000 after acquiring an additional 279 shares in the last quarter. Ethos Financial Group LLC bought a new stake in shares of Sunoco during the 1st quarter worth $452,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Sunoco by 4.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,232 shares of the oil and gas company's stock worth $1,465,000 after acquiring an additional 1,144 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Sunoco by 7.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 7,365 shares of the oil and gas company's stock worth $428,000 after acquiring an additional 500 shares in the last quarter. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of Sunoco during the 1st quarter worth $239,000. 24.29% of the stock is owned by institutional investors.

Sunoco Stock Up 0.4%

Shares of SUN traded up $0.19 during mid-day trading on Thursday, reaching $52.06. The company's stock had a trading volume of 307,721 shares, compared to its average volume of 391,859. The business has a fifty day moving average of $52.97 and a 200 day moving average of $55.10. The company has a market cap of $7.97 billion, a price-to-earnings ratio of 25.64 and a beta of 0.60. Sunoco LP has a 1 year low of $48.00 and a 1 year high of $59.88. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 1.90.

Sunoco (NYSE:SUN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($1.35). Sunoco had a return on equity of 10.57% and a net margin of 2.02%.The company had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the company posted $3.85 earnings per share. The company's revenue was down 12.7% compared to the same quarter last year. As a group, analysts forecast that Sunoco LP will post 10.65 earnings per share for the current fiscal year.

Sunoco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Friday, August 8th were issued a dividend of $0.9088 per share. This is a positive change from Sunoco's previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a dividend yield of 7.0%. The ex-dividend date was Friday, August 8th. Sunoco's dividend payout ratio is 179.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SUN shares. Mizuho reduced their price objective on Sunoco from $68.00 to $67.00 and set an "outperform" rating for the company in a research note on Monday, July 14th. JPMorgan Chase & Co. raised their price objective on Sunoco from $66.00 to $67.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Sunoco currently has an average rating of "Buy" and a consensus price target of $64.75.

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.