Sunoco LP (SUN) : Bp Capital Fund Advisors scooped up 211,923 additional shares in Sunoco LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 330,852 shares of Sunoco LP which is valued at $10,120,763.Sunoco LP makes up approximately 3.83% of Bp Capital Fund Advisors’s portfolio.
Other Hedge Funds, Including , Clearbridge Investments boosted its stake in SUN in the latest quarter, The investment management firm added 68,950 additional shares and now holds a total of 527,500 shares of Sunoco LP which is valued at $16,136,225. Sunoco LP makes up approx 0.02% of Clearbridge Investments’s portfolio. Renaissance Technologies added SUN to its portfolio by purchasing 181,200 company shares during the most recent quarter which is valued at $5,542,908. Sunoco LP makes up approx 0.01% of Renaissance Technologies’s portfolio.Geneva Advisors reduced its stake in SUN by selling 40,321 shares or 11.3% in the most recent quarter. The Hedge Fund company now holds 316,486 shares of SUN which is valued at $9,390,140. Sunoco LP makes up approx 0.18% of Geneva Advisors’s portfolio.Wedbush Securities Inc reduced its stake in SUN by selling 500 shares or 4.76% in the most recent quarter. The Hedge Fund company now holds 10,000 shares of SUN which is valued at $309,000. Sunoco LP makes up approx 0.05% of Wedbush Securities Inc’s portfolio.Msi Financial Services Inc boosted its stake in SUN in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 1,055 shares of Sunoco LP which is valued at $32,600.
Sunoco LP opened for trading at $29.9 and hit $30.1 on the upside on Thursday, eventually ending the session at $29.81, with a gain of 0.10% or 0.03 points. The heightened volatility saw the trading volume jump to 2,34,938 shares. Company has a market cap of $3,331 M.
On the company’s financial health, Sunoco LP reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Nov 4, 2015. Analyst had a consensus of $0.62. The company had revenue of $4487.30 million for the quarter, compared to analysts expectations of $4078.68 million. The company’s revenue was up 243.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on Sunoco LP. Sunoco LP was Resumed by Morgan Stanley to “Equal-Weight” on Aug 15, 2016. Shares were Downgraded by Robert W. Baird on Aug 4, 2016 to ” Neutral” and Lowered the Price Target to $ 30 from a previous price target of $43 .Sunoco LP was Downgraded by Jefferies to ” Underperform” on Jun 8, 2016.
Sunoco LP formerly Susser Petroleum Partners LP is engaged in the fee-based wholesale distribution of motor fuels to Susser and third parties in Texas New Mexico Oklahoma Louisiana Kansas Maryland Virginia Tennessee Georgia and Hawaii. The Company is also engaged in the retail sale of motor fuel and the operation of convenience stores through its subsidiaries. It operates in two segments: Wholesale operations segment which sells motor fuel to its retail segment and external customers and Retail operations segment which operates convenience stores selling a variety of merchandise food items services and motor fuel. It operates through its subsidiaries: Susser Petroleum Operating Company LLC T&C Wholesale LLC Susser Energy Services LLC Susser Petroleum Property Company LLC Southside Oil LLC and Aloha Petroleum Ltd among others. It distributes motor fuel under the Chevron Citgo Conoco Exxon Mobil Phillips66 Shamrock Texaco and Mahalo brands among others.