Sigma Planning Corp Sells 10,959 Shares of Sunoco LP (NYSE:SUN)

Sigma Planning Corp decreased its holdings in Sunoco LP (NYSE:SUN) by 37.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,992 shares of the oil and gas company’s stock after selling 10,959 shares during the period. Sigma Planning Corp’s holdings in Sunoco were worth $926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Independence Bank of Kentucky purchased a new stake in shares of Sunoco during the fourth quarter valued at $53,000. Global Retirement Partners LLC lifted its stake in Sunoco by 93.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,633 shares of the oil and gas company’s stock valued at $84,000 after acquiring an additional 788 shares during the period. Allworth Financial LP lifted its stake in Sunoco by 90.6% during the 4th quarter. Allworth Financial LP now owns 1,723 shares of the oil and gas company’s stock valued at $95,000 after acquiring an additional 819 shares during the period. Kieckhefer Group LLC purchased a new stake in shares of Sunoco during the 4th quarter valued at about $129,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Sunoco by 6,891.7% in the fourth quarter. Venturi Wealth Management LLC now owns 2,517 shares of the oil and gas company’s stock worth $129,000 after acquiring an additional 2,481 shares during the period. Institutional investors own 24.29% of the company’s stock.

Sunoco Stock Up 0.1 %

Shares of SUN stock opened at $57.77 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. Sunoco LP has a 12 month low of $49.45 and a 12 month high of $64.89. The stock has a market cap of $8.82 billion, a P/E ratio of 8.75 and a beta of 1.36. The company has a 50 day simple moving average of $54.69 and a two-hundred day simple moving average of $53.67.

Sunoco (NYSE:SUN) last posted its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.73). Sunoco had a return on equity of 22.52% and a net margin of 3.85%. On average, research 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 was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were given a $0.8865 dividend. This is a boost from Sunoco’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Friday, February 7th. This represents a $3.55 dividend on an annualized basis and a yield of 6.14%. Sunoco’s dividend payout ratio is presently 53.64%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SUN. Mizuho increased their price objective on shares of Sunoco from $61.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Barclays increased their price target on Sunoco from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada lifted their price objective on Sunoco from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.83.

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.