Texas Yale Capital Corp. Purchases 9,190 Shares of Sunoco LP $SUN

Texas Yale Capital Corp. increased its position in Sunoco LP (NYSE:SUN) by 11.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,666 shares of the oil and gas company’s stock after buying an additional 9,190 shares during the period. Texas Yale Capital Corp.’s holdings in Sunoco were worth $4,859,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SUN. World Investment Advisors bought a new position in shares of Sunoco during the 1st quarter valued at approximately $279,000. Bank of New York Mellon Corp bought a new position in Sunoco during the first quarter valued at $248,000. Concurrent Investment Advisors LLC purchased a new position in shares of Sunoco in the 1st quarter worth $239,000. Envestnet Asset Management Inc. increased its holdings in shares of Sunoco by 6.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 32,603 shares of the oil and gas company’s stock worth $1,893,000 after buying an additional 1,845 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Sunoco during the 1st quarter valued at about $538,000. Hedge funds and other institutional investors own 24.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Sunoco in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on Sunoco from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, July 22nd. Zacks Research downgraded Sunoco from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Mizuho dropped their price objective on shares of Sunoco from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Friday, August 29th. Finally, Wells Fargo & Company set a $65.00 price objective on shares of Sunoco and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.50.

Sunoco Price Performance

Sunoco stock opened at $52.12 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.52 and a quick ratio of 0.80. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 25.68 and a beta of 0.55. The firm has a 50-day moving average of $51.31 and a two-hundred day moving average of $53.17. Sunoco LP has a 1 year low of $47.98 and a 1 year high of $59.88.

Sunoco (NYSE:SUN) last announced its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.90). The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Sunoco had a net margin of 2.02% and a return on equity of 10.57%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.26) EPS. On average, research analysts forecast that Sunoco LP will post 10.65 earnings per share for the current year.

Sunoco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Thursday, October 30th will be issued a dividend of $0.9202 per share. This is an increase from Sunoco’s previous quarterly dividend of $0.91. This represents a $3.68 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Thursday, October 30th. Sunoco’s dividend payout ratio (DPR) is currently 181.28%.

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.