Inscription Capital LLC Invests $330,000 in Sunoco LP (NYSE:SUN)

Inscription Capital LLC bought a new position in shares of Sunoco LP (NYSE:SUN - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 5,475 shares of the oil and gas company's stock, valued at approximately $330,000.

A number of other institutional investors have also modified their holdings of SUN. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Sunoco during the 4th quarter worth $31,000. Steward Partners Investment Advisory LLC boosted its position in shares of Sunoco by 17.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,245 shares of the oil and gas company's stock worth $64,000 after buying an additional 182 shares during the period. Global Retirement Partners LLC boosted its position in shares of Sunoco by 93.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,633 shares of the oil and gas company's stock worth $84,000 after buying an additional 788 shares during the period. Allworth Financial LP boosted its holdings in Sunoco by 90.6% in the 4th quarter. Allworth Financial LP now owns 1,723 shares of the oil and gas company's stock worth $95,000 after acquiring an additional 819 shares during the period. Finally, Transce3nd LLC purchased a new position in Sunoco in the 4th quarter worth approximately $90,000. Hedge funds and other institutional investors own 24.29% of the company's stock.

Sunoco Stock Up 0.3%

SUN traded up $0.17 on Friday, reaching $53.38. The company's stock had a trading volume of 469,318 shares, compared to its average volume of 444,997. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 9.62 and a beta of 0.62. Sunoco LP has a 1 year low of $48.00 and a 1 year high of $59.88. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.55 and a quick ratio of 0.86. The business's 50 day moving average is $55.56 and its 200 day moving average is $55.40.

Sunoco (NYSE:SUN - Get Free Report) last released its earnings results on Tuesday, May 6th. The oil and gas company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.48). The business had revenue of $5.18 billion for the quarter, compared to analysts' expectations of $5.58 billion. Sunoco had a net margin of 3.80% and a return on equity of 20.34%. The business's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.26 earnings per share. As a group, research analysts forecast that Sunoco LP will post 10.65 EPS for the current fiscal year.

Sunoco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th were paid a dividend of $0.8976 per share. This represents a $3.59 dividend on an annualized basis and a yield of 6.73%. This is an increase from Sunoco's previous quarterly dividend of $0.89. The ex-dividend date was Friday, May 9th. Sunoco's dividend payout ratio is 64.68%.

Analyst Upgrades and Downgrades

SUN has been the subject of a number of analyst reports. Mizuho upped their price target on Sunoco from $66.00 to $68.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. upped their target price on shares of Sunoco from $63.00 to $66.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Barclays decreased their target price on shares of Sunoco from $62.00 to $61.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $64.75.

About Sunoco

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.