Rockefeller Capital Management L.P. Has $581,000 Stock Position in Sunoco LP (NYSE:SUN)

Rockefeller Capital Management L.P. reduced its position in Sunoco LP (NYSE:SUN) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,290 shares of the oil and gas company’s stock after selling 499 shares during the period. Rockefeller Capital Management L.P.’s holdings in Sunoco were worth $581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. MML Investors Services LLC increased its holdings in Sunoco by 9.8% in the third quarter. MML Investors Services LLC now owns 6,087 shares of the oil and gas company’s stock worth $327,000 after buying an additional 541 shares during the last quarter. Barclays PLC increased its stake in shares of Sunoco by 908,833.3% during the 3rd quarter. Barclays PLC now owns 436,288 shares of the oil and gas company’s stock worth $23,419,000 after purchasing an additional 436,240 shares during the last quarter. World Investment Advisors LLC raised its holdings in shares of Sunoco by 5.6% during the 3rd quarter. World Investment Advisors LLC now owns 3,800 shares of the oil and gas company’s stock valued at $204,000 after purchasing an additional 200 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Sunoco during the 3rd quarter valued at $165,000. Finally, Tidal Investments LLC lifted its stake in shares of Sunoco by 17.0% in the 3rd quarter. Tidal Investments LLC now owns 7,597 shares of the oil and gas company’s stock valued at $408,000 after purchasing an additional 1,105 shares during the last quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

Sunoco Trading Up 2.8 %

Sunoco stock opened at $58.37 on Wednesday. The business’s 50-day simple moving average is $56.83 and its 200-day simple moving average is $54.69. Sunoco LP has a 52 week low of $48.00 and a 52 week high of $59.67. The firm has a market capitalization of $8.91 billion, a PE ratio of 8.84 and a beta of 1.06. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 1.27.

Sunoco (NYSE:SUN) last issued its quarterly earnings results on Tuesday, February 11th. The oil and gas company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.73). Sunoco had a return on equity of 22.52% and a net margin of 3.85%. Equities research analysts forecast that Sunoco LP will post 10.65 earnings per share for the current year.

Sunoco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued a dividend of $0.8865 per share. This is an increase 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 annualized dividend and a dividend yield of 6.08%. Sunoco’s payout ratio is presently 53.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Mizuho raised their target price on Sunoco from $66.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, April 3rd. Barclays reduced their target price on Sunoco from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Friday, March 28th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $63.83.

Sunoco 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.