Spirit of America Management Corp NY trimmed its holdings in shares of Sunoco LP (NYSE:SUN) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,429 shares of the oil and gas company’s stock after selling 4,300 shares during the period. Spirit of America Management Corp NY owned about 0.21% of Sunoco worth $6,526,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mutual Advisors LLC boosted its position in Sunoco by 2.8% during the fourth quarter. Mutual Advisors LLC now owns 21,148 shares of the oil and gas company’s stock valued at $575,000 after buying an additional 575 shares during the period. Resources Investment Advisors Inc. purchased a new stake in Sunoco during the fourth quarter valued at about $41,000. Creative Planning boosted its position in Sunoco by 9.2% during the fourth quarter. Creative Planning now owns 24,600 shares of the oil and gas company’s stock valued at $669,000 after buying an additional 2,067 shares during the period. LPL Financial LLC boosted its position in Sunoco by 12.7% during the third quarter. LPL Financial LLC now owns 24,741 shares of the oil and gas company’s stock valued at $731,000 after buying an additional 2,783 shares during the period. Finally, Wellington Shields Capital Management LLC boosted its position in Sunoco by 11.1% during the fourth quarter. Wellington Shields Capital Management LLC now owns 30,100 shares of the oil and gas company’s stock valued at $818,000 after buying an additional 3,000 shares during the period. Institutional investors and hedge funds own 29.63% of the company’s stock.
Shares of Sunoco stock traded down $0.09 during trading on Wednesday, reaching $30.27. 100,379 shares of the stock were exchanged, compared to its average volume of 233,198. The company has a current ratio of 1.05, a quick ratio of 0.61 and a debt-to-equity ratio of 3.80. The firm has a market cap of $3.02 billion, a P/E ratio of 11.73 and a beta of 0.87. Sunoco LP has a 1 year low of $23.80 and a 1 year high of $31.88.
SUN has been the subject of a number of analyst reports. ValuEngine lowered shares of Sunoco from a “sell” rating to a “strong sell” rating in a report on Thursday, December 27th. Goldman Sachs Group upgraded shares of Sunoco from a “sell” rating to a “neutral” rating in a report on Wednesday, January 2nd. Bank of America initiated coverage on shares of Sunoco in a report on Friday, January 11th. They set an “underperform” rating and a $26.00 target price for the company. Jefferies Financial Group reiterated a “hold” rating and set a $29.00 target price on shares of Sunoco in a report on Tuesday, January 29th. Finally, UBS Group upgraded shares of Sunoco from a “neutral” rating to a “buy” rating in a report on Friday, February 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. Sunoco has a consensus rating of “Hold” and an average price target of $30.33.
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Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations.
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