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) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,880 shares of the oil and gas company’s stock, valued at approximately $644,000.

A number of other institutional investors also recently bought and sold shares of the company. Quadrant Private Wealth Management LLC grew its stake in shares of Sunoco by 5.2% during the 3rd quarter. Quadrant Private Wealth Management LLC now owns 4,249 shares of the oil and gas company’s stock valued at $212,000 after purchasing an additional 209 shares during the period. IHT Wealth Management LLC increased its holdings in Sunoco by 2.1% during the second quarter. IHT Wealth Management LLC now owns 10,302 shares of the oil and gas company’s stock valued at $552,000 after buying an additional 212 shares during the last quarter. Uhlmann Price Securities LLC raised its position in Sunoco by 2.8% in the third quarter. Uhlmann Price Securities LLC now owns 9,036 shares of the oil and gas company’s stock worth $452,000 after acquiring an additional 250 shares during the period. EP Wealth Advisors LLC raised its position in Sunoco by 3.4% in the second quarter. EP Wealth Advisors LLC now owns 8,886 shares of the oil and gas company’s stock worth $476,000 after acquiring an additional 296 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Sunoco by 0.8% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 50,730 shares of the oil and gas company’s stock worth $2,573,000 after acquiring an additional 379 shares during the last quarter. Institutional investors own 24.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SUN. Zacks Research cut Sunoco from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Wells Fargo & Company set a $65.00 price target on Sunoco and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Stifel Nicolaus lifted their price objective on Sunoco from $61.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays set a $63.00 price objective on Sunoco in a research note on Friday. Finally, Wall Street Zen cut shares of Sunoco from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $65.83.

Sunoco Stock Performance

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

Sunoco (NYSE:SUN) last posted its quarterly earnings results on Tuesday, February 17th. The oil and gas company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($1.55). Sunoco had a return on equity of 12.32% and a net margin of 2.01%.The business had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $9.65 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 63.2% compared to the same quarter last year. As a group, equities research analysts predict that Sunoco LP will post 10.65 EPS for the current fiscal year.

Sunoco Increases Dividend

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

About Sunoco

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.