Free Trial

NBW Capital LLC Acquires Shares of 74,578 Sunoco LP (NYSE:SUN)

Sunoco logo with Energy background

Key Points

  • NBW Capital LLC has acquired 74,578 shares of Sunoco LP, valued at approximately $4.33 million, according to a recent Form 13F filing with the SEC.
  • Sunoco LP announced a quarterly dividend increase to $0.9088 per share, representing an annual yield of 6.9%, with a payout ratio of 178.82%.
  • The company reported a net revenue decline of 12.7% year-over-year, earning $0.33 per share, significantly below analysts' estimates of $1.68 per share.
  • Need Better Tools to Track Sunoco? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

NBW Capital LLC purchased a new position in Sunoco LP (NYSE:SUN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 74,578 shares of the oil and gas company's stock, valued at approximately $4,330,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Sunoco during the 4th quarter valued at about $31,000. Transce3nd LLC purchased a new position in Sunoco during the 4th quarter valued at about $90,000. State of Wyoming purchased a new position in shares of Sunoco in the 4th quarter worth approximately $102,000. IFP Advisors Inc grew its position in shares of Sunoco by 17.1% in the 1st quarter. IFP Advisors Inc now owns 2,865 shares of the oil and gas company's stock worth $166,000 after buying an additional 419 shares during the last quarter. Finally, Townsquare Capital LLC purchased a new position in shares of Sunoco in the 4th quarter worth approximately $200,000. Hedge funds and other institutional investors own 24.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SUN. JPMorgan Chase & Co. lifted their price objective on shares of Sunoco from $66.00 to $67.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Mizuho cut their price objective on shares of Sunoco from $68.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, July 14th.

Read Our Latest Stock Report on Sunoco

Sunoco Stock Performance

SUN stock traded down $0.19 during trading on Friday, reaching $52.12. The company had a trading volume of 673,721 shares, compared to its average volume of 350,726. The firm has a 50-day simple moving average of $53.36 and a 200-day simple moving average of $55.57. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 25.68 and a beta of 0.60. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.86 and a current ratio of 1.55. Sunoco LP has a twelve month low of $48.00 and a twelve month high of $59.88.

Sunoco (NYSE:SUN - Get Free Report) last released its earnings results on Wednesday, August 6th. The oil and gas company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $1.68 by ($1.35). The company had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.42 billion. Sunoco had a return on equity of 10.55% and a net margin of 2.02%. The firm's revenue for the quarter was down 12.7% on a year-over-year basis. During the same quarter last year, the business earned $3.85 earnings per share. As a group, sell-side analysts expect that Sunoco LP will post 10.65 earnings per share for the current year.

Sunoco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 19th. Investors of record on Friday, August 8th will be paid a $0.9088 dividend. This is a boost from Sunoco's previous quarterly dividend of $0.90. The ex-dividend date is Friday, August 8th. This represents a $3.64 dividend on an annualized basis and a yield of 7.0%. Sunoco's dividend payout ratio (DPR) is 176.85%.

Sunoco Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Sunoco (NYSE:SUN)

Should You Invest $1,000 in Sunoco Right Now?

Before you consider Sunoco, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sunoco wasn't on the list.

While Sunoco currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Elon Musk's Next Move Cover

Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines