J.W. Cole Advisors Inc. Increases Stake in Sunoco LP (NYSE:SUN)

J.W. Cole Advisors Inc. raised its position in shares of Sunoco LP (NYSE:SUN - Free Report) by 785.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,258 shares of the oil and gas company's stock after acquiring an additional 62,320 shares during the period. J.W. Cole Advisors Inc.'s holdings in Sunoco were worth $4,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Sunoco in the 4th quarter worth about $31,000. Transce3nd LLC bought a new position in Sunoco in the 4th quarter valued at $90,000. Huntington National Bank increased its stake in Sunoco by 440.3% in the 4th quarter. Huntington National Bank now owns 1,783 shares of the oil and gas company's stock worth $92,000 after buying an additional 1,453 shares during the period. State of Wyoming bought a new stake in Sunoco during the 4th quarter valued at about $102,000. Finally, IFP Advisors Inc boosted its position in Sunoco by 17.1% in the 1st quarter. IFP Advisors Inc now owns 2,865 shares of the oil and gas company's stock valued at $166,000 after buying an additional 419 shares during the period. 24.29% of the stock is owned by hedge funds and other institutional investors.

Sunoco Stock Up 1.4%

Shares of NYSE:SUN traded up $0.72 on Thursday, hitting $53.29. 105,106 shares of the company's stock were exchanged, compared to its average volume of 438,011. Sunoco LP has a 1-year low of $48.00 and a 1-year high of $59.88. The company has a market capitalization of $8.14 billion, a PE ratio of 9.60 and a beta of 0.61. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.86 and a current ratio of 1.55. The firm's 50-day moving average is $53.81 and its 200 day moving average is $55.52.

Sunoco (NYSE:SUN - Get Free Report) last announced its quarterly 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). Sunoco had a return on equity of 20.34% and a net margin of 3.80%. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.58 billion. During the same quarter in the prior year, the business earned $2.26 earnings per share. Sunoco's revenue was down 5.8% compared to the same quarter last year. Sell-side analysts predict that Sunoco LP will post 10.65 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Sunoco from $66.00 to $67.00 and gave the company an "overweight" rating in a report on Tuesday. Mizuho dropped their price objective on shares of Sunoco from $68.00 to $67.00 and set an "outperform" rating on the stock in a research note on Monday, July 14th. Finally, Barclays dropped their target price on Sunoco from $62.00 to $61.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Sunoco has a consensus rating of "Moderate Buy" and an average 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.