World Investment Advisors Acquires New Holdings in Sunoco LP (NYSE:SUN)

World Investment Advisors acquired a new stake in Sunoco LP (NYSE:SUN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,800 shares of the oil and gas company's stock, valued at approximately $279,000.

Other institutional investors have also modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Sunoco during the 4th quarter valued at $31,000. Steward Partners Investment Advisory LLC raised its stake 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 valued at $64,000 after acquiring an additional 182 shares during the period. Transce3nd LLC purchased a new stake in shares of Sunoco in the fourth quarter valued at $90,000. Huntington National Bank lifted its holdings in shares of 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 acquiring an additional 1,453 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Sunoco during the 4th quarter worth about $102,000. 24.29% of the stock is owned by institutional investors.

Sunoco Trading Up 1.0%

Shares of NYSE:SUN traded up $0.55 during trading on Friday, reaching $53.28. 376,926 shares of the company were exchanged, compared to its average volume of 440,498. The business's fifty day simple moving average is $54.37 and its 200-day simple moving average is $55.44. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.55 and a quick ratio of 0.86. Sunoco LP has a 12-month low of $48.00 and a 12-month high of $59.88. The firm has a market capitalization of $8.14 billion, a PE ratio of 9.60 and a beta of 0.61.

Sunoco (NYSE:SUN - Get Free Report) last released 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 return on equity of 20.34% and a net margin of 3.80%. The firm had revenue of $5.18 billion for the quarter, compared to analysts' expectations of $5.58 billion. During the same quarter in the previous year, the business earned $2.26 earnings per share. The company's revenue for the quarter was down 5.8% compared to the same quarter last year. On average, research analysts anticipate that Sunoco LP will post 10.65 EPS for the current year.

Sunoco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Friday, May 9th were issued a $0.8976 dividend. This is an increase from Sunoco's previous quarterly dividend of $0.89. This represents a $3.59 annualized dividend and a dividend yield of 6.74%. The ex-dividend date of this dividend was Friday, May 9th. Sunoco's payout ratio is presently 64.68%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Sunoco from $63.00 to $66.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Barclays reduced their price target on Sunoco from $62.00 to $61.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Finally, Mizuho boosted their price objective on Sunoco from $66.00 to $68.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy 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 $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.