U.S. Capital Wealth Advisors LLC Purchases 228 Shares of Sunoco LP (NYSE:SUN)

U.S. Capital Wealth Advisors LLC grew its position in Sunoco LP (NYSE:SUN) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,325 shares of the oil and gas company’s stock after buying an additional 228 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Sunoco were worth $527,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Principal Securities Inc. bought a new stake in shares of Sunoco in the 4th quarter valued at about $27,000. ICA Group Wealth Management LLC acquired a new stake in Sunoco in the 4th quarter worth approximately $30,000. CNB Bank acquired a new stake in Sunoco in the 1st quarter worth approximately $30,000. Allworth Financial LP boosted its stake in Sunoco by 250.0% in the 4th quarter. Allworth Financial LP now owns 700 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 500 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in Sunoco in the 1st quarter worth approximately $55,000. 24.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup upgraded shares of Sunoco from a “neutral” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Tuesday, June 18th. Barclays lowered their target price on shares of Sunoco from $61.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. assumed coverage on shares of Sunoco in a research note on Wednesday, June 5th. They issued an “overweight” rating and a $61.00 target price for the company. StockNews.com cut shares of Sunoco from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Stifel Nicolaus upgraded shares of Sunoco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Friday, June 7th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sunoco currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.86.

Sunoco Stock Performance

NYSE SUN traded down $2.11 on Friday, hitting $50.79. 963,341 shares of the company’s stock traded hands, compared to its average volume of 575,844. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 3.39. Sunoco LP has a 1-year low of $43.85 and a 1-year high of $64.89. The firm’s 50-day moving average price is $55.06 and its two-hundred day moving average price is $56.96. The firm has a market capitalization of $5.12 billion, a PE ratio of 11.32 and a beta of 1.31.

Sunoco (NYSE:SUN) last announced its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $3.85 EPS for the quarter, beating the consensus estimate of $1.23 by $2.62. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $5.63 billion. Sunoco had a net margin of 2.08% and a return on equity of 35.56%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 EPS. As a group, analysts expect that Sunoco LP will post 6.09 EPS for the current year.

Sunoco Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.8756 per share. This represents a $3.50 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend is Friday, August 9th. Sunoco’s dividend payout ratio (DPR) is 77.95%.

Insider Activity

In other news, CEO Joseph Kim bought 5,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was purchased at an average cost of $50.50 per share, with a total value of $252,500.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at $505,000. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Joseph Kim purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average price of $50.50 per share, with a total value of $252,500.00. Following the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at $505,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Austin Harkness purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was bought at an average cost of $49.74 per share, with a total value of $49,740.00. Following the acquisition, the executive vice president now owns 83,686 shares in the company, valued at approximately $4,162,541.64. The disclosure for this purchase can be found here. Insiders bought a total of 8,000 shares of company stock valued at $401,420 in the last three months.

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.