HUB Investment Partners LLC Has $8.56 Million Stake in Sunoco LP $SUN

Key Points

• HUB Investment Partners LLC trimmed its stake in Sunoco by 17.2% in Q3 and now holds 171,134 shares valued at about $8.56 million.
• Sunoco missed its latest quarterly estimates—EPS of $0.09 versus $1.64 expected and revenue of $8.6B versus $9.65B—although revenue was up 63.2% year-over-year.
• The company raised its quarterly dividend to $0.9317 (annualized $3.73) for a 5.8% yield, but the dividend payout ratio is high at 164.3%; analysts are mixed with an average rating of "Moderate Buy" and a $66.17 target.

HUB Investment Partners LLC trimmed its stake in Sunoco LP (NYSE:SUN - Free Report) by 17.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 171,134 shares of the oil and gas company's stock after selling 35,472 shares during the quarter. HUB Investment Partners LLC owned 0.11% of Sunoco worth $8,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Quadrant Private Wealth Management LLC increased its stake in Sunoco by 5.2% in the 3rd quarter. Quadrant Private Wealth Management LLC now owns 4,249 shares of the oil and gas company's stock valued at $212,000 after buying an additional 209 shares during the period. IHT Wealth Management LLC grew its holdings in shares of Sunoco by 2.1% during the 2nd quarter. IHT Wealth Management LLC now owns 10,302 shares of the oil and gas company's stock valued at $552,000 after acquiring an additional 212 shares in the last quarter. Uhlmann Price Securities LLC increased its stake in shares of Sunoco by 2.8% in the third quarter. Uhlmann Price Securities LLC now owns 9,036 shares of the oil and gas company's stock worth $452,000 after acquiring an additional 250 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Sunoco by 3.4% during the second quarter. EP Wealth Advisors LLC now owns 8,886 shares of the oil and gas company's stock worth $476,000 after acquiring an additional 296 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Sunoco by 0.8% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 50,730 shares of the oil and gas company's stock valued at $2,573,000 after purchasing an additional 379 shares during the last quarter. 24.29% of the stock is currently owned by institutional investors and hedge funds.

Sunoco Stock Down 0.3%

Shares of Sunoco stock opened at $64.20 on Friday. Sunoco LP has a 12-month low of $47.98 and a 12-month high of $65.24. The company has a quick ratio of 0.78, a current ratio of 1.38 and a debt-to-equity ratio of 2.06. The stock has a 50 day moving average price of $58.42 and a two-hundred day moving average price of $54.36. The stock has a market capitalization of $13.15 billion, a P/E ratio of 28.28 and a beta of 0.49.

Sunoco (NYSE:SUN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The oil and gas company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.64 by ($1.55). The firm had revenue of $8.60 billion during the quarter, compared to analyst estimates of $9.65 billion. Sunoco had a return on equity of 10.76% and a net margin of 2.01%.Sunoco's quarterly revenue was up 63.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Equities analysts expect that Sunoco LP will post 10.65 earnings per share for the current year.

Sunoco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Friday, February 6th were given a dividend of $0.9317 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $3.73 dividend on an annualized basis and a yield of 5.8%. This is a positive change from Sunoco's previous quarterly dividend of $0.92. Sunoco's dividend payout ratio (DPR) is presently 164.32%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SUN. Zacks Research lowered Sunoco from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Wall Street Zen lowered shares of Sunoco from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. Raymond James Financial raised shares of Sunoco from an "outperform" rating to a "strong-buy" rating and set a $70.00 target price for the company in a research report on Monday, January 5th. Barclays set a $63.00 price target on shares of Sunoco in a research note on Friday, February 20th. Finally, Stifel Nicolaus lifted their price objective on shares of Sunoco from $61.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Sunoco has an average rating of "Moderate Buy" and an average target price of $66.17.

About Sunoco

Sunoco LP NYSE: SUN is an independent master limited partnership that specializes in the distribution and marketing of transportation fuels and related products. The company operates through two primary segments: wholesale fuel distribution and retail marketing. In wholesale distribution, Sunoco supplies branded fuels to distributors, commercial customers and resellers across the United States. Its retail marketing arm operates a network of company‐owned and franchised Sunoco branded service stations and convenience stores, providing gasoline, diesel, ethanol blends and lubricants to consumers.

Sunoco's product portfolio extends beyond traditional fuels to include biofuels, specialty chemicals and on‐road diesel treated to meet ultra‐low sulfur requirements.

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