239,948 Shares in Sunoco LP (NYSE:SUN) Bought by TCG Advisory Services LLC

TCG Advisory Services LLC purchased a new stake in Sunoco LP (NYSE:SUN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 239,948 shares of the oil and gas company's stock, valued at approximately $14,380,000. Sunoco makes up about 1.0% of TCG Advisory Services LLC's investment portfolio, making the stock its 20th largest holding. TCG Advisory Services LLC owned 0.24% of Sunoco as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in Sunoco by 6,075.4% during the fourth quarter. International Assets Investment Management LLC now owns 574,315 shares of the oil and gas company's stock valued at $34,419,000 after acquiring an additional 565,015 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Sunoco during the fourth quarter valued at about $15,396,000. Fractal Investments LLC grew its position in shares of Sunoco by 1,110.0% in the 4th quarter. Fractal Investments LLC now owns 242,000 shares of the oil and gas company's stock worth $14,503,000 after buying an additional 222,000 shares during the last quarter. ING Groep NV lifted its holdings in Sunoco by 138.3% in the third quarter. ING Groep NV now owns 172,300 shares of the oil and gas company's stock worth $8,434,000 after buying an additional 100,000 shares during the period. Finally, Miller Howard Investments Inc. NY boosted its holdings in shares of Sunoco by 19.6% during the 4th quarter. Miller Howard Investments Inc. NY now owns 419,414 shares of the oil and gas company's stock valued at $25,135,000 after buying an additional 68,627 shares in the last quarter. 24.29% of the stock is owned by institutional investors and hedge funds.

Sunoco Stock Up 1.1 %

Shares of NYSE SUN traded up $0.61 during midday trading on Friday, hitting $55.91. The company's stock had a trading volume of 613,216 shares, compared to its average volume of 664,122. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.40 and a quick ratio of 0.76. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 15.36 and a beta of 1.29. The business's fifty day simple moving average is $58.88 and its two-hundred day simple moving average is $57.44. Sunoco LP has a 1 year low of $41.95 and a 1 year high of $64.89.

Sunoco (NYSE:SUN - Get Free Report) last announced its earnings results on Wednesday, February 14th. The oil and gas company reported ($1.50) earnings per share for the quarter, missing the consensus estimate of $0.96 by ($2.46). The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.42 billion. Sunoco had a return on equity of 37.91% and a net margin of 1.71%. Sunoco's quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. On average, equities analysts predict that Sunoco LP will post 5.07 EPS for the current year.

Sunoco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be paid a dividend of $0.876 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 6.27%. This is a positive change from Sunoco's previous quarterly dividend of $0.84. Sunoco's dividend payout ratio (DPR) is presently 92.58%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SUN. StockNews.com downgraded shares of Sunoco from a "buy" rating to a "hold" rating in a research report on Wednesday, February 14th. Citigroup downgraded shares of Sunoco from a "buy" rating to a "neutral" rating and set a $65.00 target price on the stock. in a report on Tuesday, February 27th. Wells Fargo & Company raised their price objective on shares of Sunoco from $60.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. increased their price objective on Sunoco from $53.00 to $62.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 19th. Finally, Barclays lifted their price target on Sunoco from $57.00 to $64.00 and gave the company an "overweight" rating in a report on Wednesday, January 17th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $62.71.

Insiders Place Their Bets

In other news, Director David K. Skidmore purchased 1,500 shares of the company's stock in a transaction on Wednesday, April 17th. The stock was bought at an average cost of $52.10 per share, for a total transaction of $78,150.00. Following the completion of the purchase, the director now directly owns 14,608 shares of the company's stock, valued at approximately $761,076.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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.