12,880 Shares in Sunoco LP $SUN Purchased by Compass Wealth Management LLC

Compass Wealth Management LLC purchased a new stake in shares of Sunoco LP (NYSE:SUN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,880 shares of the oil and gas company’s stock, valued at approximately $644,000.

Other large investors have also added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Sunoco during the 3rd quarter worth approximately $31,000. Bessemer Group Inc. raised its stake in Sunoco by 41.7% during the second quarter. Bessemer Group Inc. now owns 1,360 shares of the oil and gas company’s stock valued at $72,000 after purchasing an additional 400 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Sunoco by 95.9% during the second quarter. Parkside Financial Bank & Trust now owns 1,379 shares of the oil and gas company’s stock valued at $74,000 after purchasing an additional 675 shares during the last quarter. State of Wyoming purchased a new position in shares of Sunoco in the 2nd quarter worth $111,000. Finally, Pinnacle Financial Partners Inc. bought a new stake in shares of Sunoco in the 3rd quarter worth about $200,000. Institutional investors own 24.29% of the company’s stock.

Wall Street Analysts Forecast Growth

SUN has been the subject of several analyst reports. Barclays set a $63.00 price objective on Sunoco in a research note on Friday. Wells Fargo & Company set a $65.00 target price on shares of Sunoco and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings upgraded shares of Sunoco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Raymond James Financial raised shares of Sunoco from an “outperform” rating to a “strong-buy” rating and set a $70.00 price objective on the stock in a research report on Monday, January 5th. Finally, Zacks Research lowered Sunoco from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $65.83.

Sunoco Trading Up 0.9%

NYSE SUN opened at $62.60 on Friday. The stock has a market cap of $12.80 billion, a PE ratio of 27.58 and a beta of 0.51. Sunoco LP has a 12 month low of $47.98 and a 12 month high of $62.77. The company’s 50-day moving average price is $56.31 and its 200-day moving average price is $53.61. The company has a current ratio of 3.11, a quick ratio of 2.50 and a debt-to-equity ratio of 2.33.

Sunoco (NYSE:SUN) last released its quarterly earnings data on Tuesday, February 17th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($1.55). The company had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $9.65 billion. Sunoco had a net margin of 2.01% and a return on equity of 12.32%. Sunoco’s quarterly revenue was up 63.2% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. Equities research analysts forecast that Sunoco LP will post 10.65 earnings per share for the current year.

Sunoco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Friday, February 6th were paid a $0.9317 dividend. This represents a $3.73 annualized dividend and a yield of 6.0%. This is an increase from Sunoco’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Friday, February 6th. Sunoco’s payout ratio is currently 164.32%.

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.