Texas Yale Capital Corp. trimmed its holdings in shares of Sunoco LP (NYSE:SUN) by 17.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,000 shares of the oil and gas company’s stock after selling 3,550 shares during the period. Texas Yale Capital Corp.’s holdings in Sunoco were worth $483,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of SUN. Harvest Fund Advisors LLC boosted its stake in shares of Sunoco by 26.6% during the 3rd quarter. Harvest Fund Advisors LLC now owns 1,339,519 shares of the oil and gas company’s stock worth $41,659,000 after buying an additional 281,414 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Sunoco by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,450,389 shares of the oil and gas company’s stock worth $44,440,000 after buying an additional 173,588 shares during the last quarter. Cadence Capital Management LLC acquired a new stake in Sunoco in the 4th quarter valued at about $3,533,000. Allianz Asset Management GmbH acquired a new stake in Sunoco in the 3rd quarter valued at about $1,444,000. Finally, Gabelli Funds LLC lifted its stake in Sunoco by 48.5% in the 4th quarter. Gabelli Funds LLC now owns 135,000 shares of the oil and gas company’s stock valued at $3,834,000 after purchasing an additional 44,100 shares during the last quarter. Institutional investors own 26.51% of the company’s stock.
Shares of Sunoco LP (SUN) opened at $30.70 on Wednesday. The company has a current ratio of 4.02, a quick ratio of 3.75 and a debt-to-equity ratio of 2.28. The stock has a market cap of $3,050.00, a P/E ratio of -5.98 and a beta of 0.54. Sunoco LP has a 1 year low of $23.09 and a 1 year high of $33.11.
Several equities research analysts recently issued reports on SUN shares. Mizuho reiterated a “sell” rating and issued a $29.00 target price on shares of Sunoco in a research note on Friday, October 20th. Mitsubishi UFJ Financial Group reiterated an “underweight” rating on shares of Sunoco in a research note on Thursday, November 9th. Robert W. Baird reiterated a “buy” rating and issued a $36.00 target price on shares of Sunoco in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Sunoco from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Thursday, November 16th. Finally, Goldman Sachs Group upgraded shares of Sunoco from a “sell” rating to a “neutral” rating and set a $33.00 target price for the company in a research note on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $31.69.
In other Sunoco news, insider Arnold Dodderer sold 2,512 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $28.98, for a total transaction of $72,797.76. Following the completion of the sale, the insider now directly owns 23,923 shares in the company, valued at $693,288.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.
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