MGO One Seven LLC Purchases 7,991 Shares of Sunoco LP (NYSE:SUN)

MGO One Seven LLC boosted its position in shares of Sunoco LP (NYSE:SUN - Free Report) by 43.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,217 shares of the oil and gas company's stock after acquiring an additional 7,991 shares during the quarter. MGO One Seven LLC's holdings in Sunoco were worth $1,349,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SUN. JPMorgan Chase & Co. raised its holdings in shares of Sunoco by 26.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,191,570 shares of the oil and gas company's stock valued at $117,644,000 after purchasing an additional 455,361 shares during the period. Barclays PLC increased its position in Sunoco by 908,833.3% during the third quarter. Barclays PLC now owns 436,288 shares of the oil and gas company's stock worth $23,419,000 after buying an additional 436,240 shares during the last quarter. ING Groep NV raised its stake in Sunoco by 223.7% in the fourth quarter. ING Groep NV now owns 513,715 shares of the oil and gas company's stock valued at $26,426,000 after buying an additional 355,000 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Sunoco in the fourth quarter valued at approximately $17,739,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Sunoco by 32,166.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 231,351 shares of the oil and gas company's stock worth $12,137,000 after acquiring an additional 230,634 shares during the period. Institutional investors and hedge funds own 24.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SUN shares. JPMorgan Chase & Co. raised their price target on Sunoco from $63.00 to $66.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Barclays cut 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. Finally, Mizuho lifted their target price on shares of Sunoco from $66.00 to $68.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $64.33.

Sunoco Stock Performance

Shares of SUN traded down $1.36 during midday trading on Wednesday, reaching $57.76. 207,455 shares of the stock were exchanged, compared to its average volume of 502,394. The company has a quick ratio of 0.66, a current ratio of 1.27 and a debt-to-equity ratio of 1.84. The stock's 50 day simple moving average is $56.97 and its 200 day simple moving average is $54.90. Sunoco LP has a twelve month low of $48.00 and a twelve month high of $59.88. The company has a market cap of $8.82 billion, a P/E ratio of 8.75 and a beta of 1.06.

Sunoco (NYSE:SUN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by ($0.73). Sunoco had a net margin of 3.85% and a return on equity of 22.52%. On average, 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 declared a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Friday, May 9th will be given a dividend of $0.8976 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $3.59 dividend on an annualized basis and a yield of 6.22%. This is an increase from Sunoco's previous quarterly dividend of $0.89. Sunoco's dividend payout ratio is currently 54.39%.

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.