Sunoco LP (SUN) : Spirit Of America Management Corpny scooped up 28,447 additional shares in Sunoco LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 222,479 shares of Sunoco LP which is valued at $6,298,380.Sunoco LP makes up approximately 0.83% of Spirit Of America Management Corpny’s portfolio.
Other Hedge Funds, Including , Country Club Trust Company N.a. reduced its stake in SUN by selling 464 shares or 4.48% in the most recent quarter. The Hedge Fund company now holds 9,891 shares of SUN which is valued at $280,014. Sunoco LP makes up approx 0.04% of Country Club Trust Company N.a.’s portfolio.Adams Asset Advisors boosted its stake in SUN in the latest quarter, The investment management firm added 17,070 additional shares and now holds a total of 105,062 shares of Sunoco LP which is valued at $2,976,406. Sunoco LP makes up approx 0.41% of Adams Asset Advisors’s portfolio. Fox Run Management L.l.c. sold out all of its stake in SUN during the most recent quarter. The investment firm sold 14,500 shares of SUN which is valued $415,280.Simplex Trading reduced its stake in SUN by selling 14,447 shares or 91.61% in the most recent quarter. The Hedge Fund company now holds 1,323 shares of SUN which is valued at $37,547.
Sunoco LP closed down -0.02 points or -0.07% at $28.31 with 3,27,687 shares getting traded on Friday. Post opening the session at $28.48, the shares hit an intraday low of $28.05 and an intraday high of $28.64 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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. Mizuho Initiated Sunoco LP on Sep 30, 2016 to “Neutral”, Price Target of the shares are set at $31.Sunoco LP was Initiated by Citigroup to “Neutral” on Sep 23, 2016. FBR Capital Initiated Sunoco LP on Sep 9, 2016 to “Mkt Perform”, Price Target of the shares are set at $32.
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.