4,564 Shares in Sunoco LP (NYSE:SUN) Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI acquired a new position in shares of Sunoco LP (NYSE:SUN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,564 shares of the oil and gas company’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Castleark Management LLC raised its holdings in Sunoco by 332.1% during the 1st quarter. Castleark Management LLC now owns 31,930 shares of the oil and gas company’s stock worth $1,925,000 after purchasing an additional 24,540 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Sunoco by 5,437.3% during the third quarter. International Assets Investment Management LLC now owns 572,779 shares of the oil and gas company’s stock worth $30,747,000 after buying an additional 562,435 shares during the period. Private Advisor Group LLC raised its stake in Sunoco by 40.8% during the second quarter. Private Advisor Group LLC now owns 52,064 shares of the oil and gas company’s stock worth $2,944,000 after buying an additional 15,087 shares during the last quarter. Gateway Advisory LLC acquired a new position in Sunoco in the second quarter valued at $1,222,000. Finally, XTX Topco Ltd bought a new stake in Sunoco during the second quarter valued at $889,000. 24.29% of the stock is owned by institutional investors and hedge funds.

Sunoco Trading Up 0.6 %

Shares of Sunoco stock opened at $54.33 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 1.16. Sunoco LP has a 52 week low of $49.45 and a 52 week high of $64.89. The stock has a 50 day moving average price of $52.81 and a two-hundred day moving average price of $53.55. The stock has a market capitalization of $8.28 billion, a PE ratio of 12.49 and a beta of 1.31.

Sunoco (NYSE:SUN) last announced its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($1.79). Sunoco had a net margin of 2.72% and a return on equity of 19.77%. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter last year, the firm posted $2.95 EPS. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. As a group, equities analysts anticipate that Sunoco LP will post 7.16 earnings per share for the current fiscal year.

Sunoco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Friday, November 8th were issued a $0.8756 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 6.45%. Sunoco’s dividend payout ratio is presently 80.46%.

Analyst Ratings Changes

Several research analysts have recently weighed in on SUN shares. Royal Bank of Canada lifted their price objective on Sunoco from $60.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. StockNews.com lowered Sunoco from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. increased their price target on Sunoco from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $62.25.

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.