XML Financial LLC Sells 3,525 Shares of Sunoco LP (NYSE:SUN)

XML Financial LLC lowered its stake in shares of Sunoco LP (NYSE:SUN) by 24.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,848 shares of the oil and gas company’s stock after selling 3,525 shares during the quarter. XML Financial LLC’s holdings in Sunoco were worth $558,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Kieckhefer Group LLC bought a new position in shares of Sunoco during the 4th quarter valued at approximately $129,000. Wilmington Savings Fund Society FSB bought a new position in Sunoco during the third quarter valued at $165,000. World Investment Advisors LLC grew its holdings in Sunoco by 5.6% during the third 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 during the period. Tyche Wealth Partners LLC increased its position in Sunoco by 5.4% in the third quarter. Tyche Wealth Partners LLC now owns 3,905 shares of the oil and gas company’s stock worth $210,000 after buying an additional 200 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in shares of Sunoco in the third quarter valued at $221,000. Hedge funds and other institutional investors own 24.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank of Canada lifted their price objective on Sunoco from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Barclays lifted their target price on shares of Sunoco from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.43.

Sunoco Trading Up 0.8 %

Shares of SUN opened at $55.15 on Thursday. Sunoco LP has a twelve month low of $49.45 and a twelve month high of $64.89. The stock has a market cap of $8.41 billion, a PE ratio of 12.68 and a beta of 1.36. The company has a quick ratio of 0.66, a current ratio of 1.16 and a debt-to-equity ratio of 1.74. The business’s 50-day moving average price is $53.17 and its 200-day moving average price is $53.40.

Sunoco (NYSE:SUN) last posted its earnings results on Wednesday, November 6th. The oil and gas company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($1.79). The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $6.09 billion. Sunoco had a return on equity of 19.77% and a net margin of 2.72%. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.95 earnings per share. On average, equities analysts forecast that Sunoco LP will post 6.87 EPS 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 given a dividend of $0.8756 per share. This represents a $3.50 annualized dividend and a yield of 6.35%. The ex-dividend date of this dividend was Friday, November 8th. Sunoco’s payout ratio is 80.46%.

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.