Hsbc Holdings PLC purchased a new stake in shares of Sunoco LP (NYSE:SUN) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 141,318 shares of the oil and gas company’s stock, valued at approximately $3,842,000. Hsbc Holdings PLC owned about 0.14% of Sunoco as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Resources Investment Advisors Inc. purchased a new stake in Sunoco during the 4th quarter valued at about $41,000. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of Sunoco in the third quarter worth about $207,000. Claraphi Advisory Network LLC purchased a new stake in shares of Sunoco in the third quarter worth about $220,000. Tortoise Index Solutions LLC boosted its stake in shares of Sunoco by 39.7% in the third quarter. Tortoise Index Solutions LLC now owns 9,717 shares of the oil and gas company’s stock worth $287,000 after buying an additional 2,759 shares during the last quarter. Finally, Strategic Wealth Advisors Group LLC purchased a new stake in shares of Sunoco in the fourth quarter worth about $358,000. Institutional investors and hedge funds own 29.48% of the company’s stock.
A number of analysts have recently commented on SUN shares. Jefferies Financial Group restated a “hold” rating and issued a $29.00 target price on shares of Sunoco in a research note on Tuesday, January 29th. Bank of America started coverage on Sunoco in a research note on Friday, January 11th. They issued an “underperform” rating and a $26.00 target price on the stock. ValuEngine upgraded Sunoco from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Goldman Sachs Group upgraded Sunoco from a “sell” rating to a “neutral” rating in a research note on Wednesday, January 2nd. Finally, UBS Group upgraded Sunoco from a “neutral” rating to a “buy” rating in a research note on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $30.10.
In other Sunoco news, EVP Christopher Curia purchased 10,000 shares of Sunoco stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average price of $26.69 per share, with a total value of $266,900.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders purchased a total of 11,400 shares of company stock valued at $306,227 in the last ninety days.
Shares of SUN opened at $30.22 on Friday. The stock has a market capitalization of $3.00 billion, a PE ratio of 11.71 and a beta of 0.87. Sunoco LP has a 52 week low of $23.80 and a 52 week high of $31.33. The company has a current ratio of 1.05, a quick ratio of 0.61 and a debt-to-equity ratio of 3.80.
Sunoco (NYSE:SUN) last released its quarterly earnings results on Wednesday, February 20th. The oil and gas company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.13). The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $4.43 billion. Sunoco had a positive return on equity of 33.77% and a negative net margin of 1.22%. The business’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.01 EPS. On average, research analysts predict that Sunoco LP will post 2.48 EPS for the current fiscal year.
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Sunoco LP, together with its subsidiaries, engages in the wholesale distribution and retail sale of motor fuels primarily in the United States. The company operates through two segments, Wholesale and Retail. It serves convenience stores and commission agent locations, contracted independent convenience store operators, and other commercial customers.
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