U.S. Capital Wealth Advisors LLC Takes Position in Sunoco LP (NYSE:SUN)

U.S. Capital Wealth Advisors LLC bought a new stake in shares of Sunoco LP (NYSE:SUN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,267 shares of the oil and gas company's stock, valued at approximately $538,000.

Several other institutional investors have also bought and sold shares of SUN. Marshall & Sterling Wealth Advisors Inc. bought a new position in Sunoco during the 4th quarter valued at $31,000. Steward Partners Investment Advisory LLC lifted its position in shares of Sunoco by 17.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,245 shares of the oil and gas company's stock valued at $64,000 after purchasing an additional 182 shares in the last quarter. Transce3nd LLC bought a new position in shares of Sunoco during the fourth quarter valued at about $90,000. Huntington National Bank boosted its holdings in Sunoco by 440.3% during the fourth quarter. Huntington National Bank now owns 1,783 shares of the oil and gas company's stock worth $92,000 after purchasing an additional 1,453 shares during the last quarter. Finally, State of Wyoming bought a new stake in Sunoco in the 4th quarter worth about $102,000. Institutional investors own 24.29% of the company's stock.

Analysts Set New Price Targets

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

Sunoco Stock Down 0.9%

Sunoco stock opened at $52.60 on Friday. The firm has a 50 day moving average price of $54.37 and a 200-day moving average price of $55.44. The company has a quick ratio of 0.86, a current ratio of 1.55 and a debt-to-equity ratio of 1.85. Sunoco LP has a twelve month low of $48.00 and a twelve month high of $59.88. The company has a market capitalization of $8.03 billion, a P/E ratio of 9.48 and a beta of 0.61.

Sunoco (NYSE:SUN - Get Free Report) last posted its quarterly earnings data 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 net margin of 3.80% and a return on equity of 20.34%. The firm had revenue of $5.18 billion during the quarter, compared to analysts' expectations of $5.58 billion. During the same quarter in the previous year, the company posted $2.26 EPS. Sunoco's revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities analysts predict that Sunoco LP will post 10.65 EPS for the current year.

Sunoco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were paid a dividend of $0.8976 per share. This is an increase from Sunoco's previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.59 annualized dividend and a dividend yield of 6.83%. Sunoco's dividend payout ratio is presently 64.68%.

Sunoco Company 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.

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