Focus Financial Network Inc. Acquires 457 Shares of Sunoco LP (NYSE:SUN)

Focus Financial Network Inc. increased its holdings in Sunoco LP (NYSE:SUN) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,558 shares of the oil and gas company’s stock after acquiring an additional 457 shares during the quarter. Focus Financial Network Inc.’s holdings in Sunoco were worth $852,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in SUN. Independence Bank of Kentucky purchased a new stake in shares of Sunoco in the 4th quarter worth about $53,000. Kieckhefer Group LLC bought a new position in Sunoco in the fourth quarter worth about $129,000. Wilmington Savings Fund Society FSB purchased a new stake in Sunoco in the third quarter worth about $165,000. World Investment Advisors LLC boosted its position in Sunoco by 5.6% during the 3rd quarter. World Investment Advisors LLC now owns 3,800 shares of the oil and gas company’s stock valued at $204,000 after acquiring an additional 200 shares in the last quarter. Finally, Tyche Wealth Partners LLC grew its holdings in shares of Sunoco by 5.4% during the 3rd quarter. Tyche Wealth Partners LLC now owns 3,905 shares of the oil and gas company’s stock worth $210,000 after acquiring an additional 200 shares during the period. Institutional investors own 24.29% of the company’s stock.

Sunoco Price Performance

SUN opened at $56.35 on Thursday. The firm has a market cap of $8.59 billion, a PE ratio of 12.95 and a beta of 1.36. The stock has a 50-day moving average price of $53.95 and a 200-day moving average price of $53.42. Sunoco LP has a 1 year low of $49.45 and a 1 year high of $64.89. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.16 and a quick ratio of 0.66.

Sunoco (NYSE:SUN) last issued its earnings results on Tuesday, February 11th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.73). Sunoco had a return on equity of 19.77% and a net margin of 2.72%. Sell-side analysts predict that Sunoco LP will post 9.63 earnings per share for the current fiscal year.

Sunoco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be given a $0.8865 dividend. The ex-dividend date of this dividend is Friday, February 7th. This is a boost from Sunoco’s previous quarterly dividend of $0.88. This represents a $3.55 annualized dividend and a yield of 6.29%. Sunoco’s dividend payout ratio is 80.46%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SUN. Mizuho raised their target price on Sunoco from $61.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Barclays boosted their target price on shares of Sunoco from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada increased their price target on shares of Sunoco from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.43.

Sunoco Profile

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates through two segments: Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel, as well as other petroleum products, such as propane and lubricating oil from independent refiners and oil companies and supplies it to company-operated retail stores, independently operated commission agents, and retail stores, as well as other commercial customers, including unbranded retail stores, other fuel distributors, school districts, municipalities, and other industrial customers.