Susquehanna Fundamental Investments LLC Purchases Shares of 74,302 Sunoco LP (NYSE:SUN)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Sunoco LP (NYSE:SUN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 74,302 shares of the oil and gas company’s stock, valued at approximately $3,822,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Sunoco by 26.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,191,570 shares of the oil and gas company’s stock worth $117,644,000 after purchasing an additional 455,361 shares during the last quarter. Barclays PLC lifted its holdings in shares of 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 in the last quarter. ING Groep NV boosted its position in shares of 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 acquiring an additional 355,000 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Sunoco in the fourth quarter valued at about $17,739,000. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Sunoco by 32,166.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 231,351 shares of the oil and gas company’s stock valued at $12,137,000 after acquiring an additional 230,634 shares in the last quarter. Institutional investors and hedge funds own 24.29% of the company’s stock.

Sunoco Price Performance

Shares of NYSE:SUN opened at $59.03 on Tuesday. The firm has a 50 day moving average of $56.94 and a 200-day moving average of $54.87. Sunoco LP has a 12 month low of $48.00 and a 12 month high of $59.67. The company has a current ratio of 1.27, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $9.01 billion, a PE ratio of 8.94 and a beta of 1.06.

Sunoco (NYSE:SUN) last announced 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 net margin of 3.85% and a return on equity of 22.52%. On average, equities research analysts predict that Sunoco LP will post 10.65 EPS for the current fiscal year.

Sunoco Increases Dividend

The firm also recently disclosed 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. 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 6.08%. The ex-dividend date of this dividend is Friday, May 9th. Sunoco’s dividend payout ratio is currently 54.39%.

Analyst Upgrades and Downgrades

SUN has been the subject of a number of recent research reports. Barclays cut their price objective on shares of Sunoco from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Friday, March 28th. JPMorgan Chase & Co. boosted their price target on Sunoco from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Finally, Mizuho raised their price objective on Sunoco from $66.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.33.

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.