Compass Wealth Management LLC Invests $644,000 in Sunoco LP $SUN

Compass Wealth Management LLC acquired a new stake in shares of Sunoco LP (NYSE:SUN) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 12,880 shares of the oil and gas company’s stock, valued at approximately $644,000.

A number of other hedge funds also recently made changes to their positions in the stock. Steigerwald Gordon & Koch Inc. bought a new position in Sunoco in the third quarter valued at $31,000. Harbor Asset Planning Inc. bought a new position in shares of Sunoco during the 2nd quarter valued at about $41,000. Bessemer Group Inc. raised its holdings in shares of Sunoco by 41.7% during the 2nd quarter. Bessemer Group Inc. now owns 1,360 shares of the oil and gas company’s stock valued at $72,000 after buying an additional 400 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Sunoco by 95.9% in the second quarter. Parkside Financial Bank & Trust now owns 1,379 shares of the oil and gas company’s stock worth $74,000 after buying an additional 675 shares in the last quarter. Finally, State of Wyoming bought a new position in Sunoco during the second quarter valued at approximately $111,000. 24.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Raymond James Financial upgraded shares of Sunoco from an “outperform” rating to a “strong-buy” rating and set a $70.00 price objective for the company in a report on Monday, January 5th. Barclays reiterated an “overweight” rating and issued a $57.00 target price on shares of Sunoco in a research report on Monday, November 17th. Zacks Research upgraded shares of Sunoco to a “strong-buy” rating in a research report on Thursday, January 1st. Wells Fargo & Company set a $65.00 price objective on Sunoco and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings raised Sunoco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $65.00.

Sunoco Trading Up 1.2%

Shares of SUN opened at $57.69 on Tuesday. The stock has a market capitalization of $11.80 billion, a P/E ratio of 19.69 and a beta of 0.49. Sunoco LP has a twelve month low of $47.98 and a twelve month high of $59.88. The company has a quick ratio of 2.50, a current ratio of 3.11 and a debt-to-equity ratio of 2.33. The firm has a fifty day simple moving average of $54.64 and a two-hundred day simple moving average of $52.85.

Sunoco (NYSE:SUN) last issued its quarterly earnings data on Wednesday, November 5th. The oil and gas company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.90). The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $5.59 billion. Sunoco had a net margin of 2.61% and a return on equity of 13.94%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted ($0.26) earnings per share. On average, research analysts anticipate that Sunoco LP will post 10.65 EPS for the current year.

Sunoco Company Profile

Sunoco LP (NYSE: SUN) is an independent master limited partnership that specializes in the distribution and marketing of transportation fuels and related products. The company operates through two primary segments: wholesale fuel distribution and retail marketing. In wholesale distribution, Sunoco supplies branded fuels to distributors, commercial customers and resellers across the United States. Its retail marketing arm operates a network of company‐owned and franchised Sunoco branded service stations and convenience stores, providing gasoline, diesel, ethanol blends and lubricants to consumers.

Sunoco’s product portfolio extends beyond traditional fuels to include biofuels, specialty chemicals and on‐road diesel treated to meet ultra‐low sulfur requirements.