Tph Asset Management buys $31,463,283 stake in Sunoco LP (SUN)

Sunoco LP (SUN) : Tph Asset Management scooped up 169,930 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 1,028,548 shares of Sunoco LP which is valued at $31,463,283.Sunoco LP makes up approximately 3.02% of Tph Asset Management’s portfolio.

Other Hedge Funds, Including , Pentwater Capital Management Lp added SUN to its portfolio by purchasing 105,000 company shares during the most recent quarter which is valued at $3,211,950. Sunoco LP makes up approx 0.06% of Pentwater Capital Management Lp’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. Spot Trading L.l.c added SUN to its portfolio by purchasing 850 company shares during the most recent quarter which is valued at $26,265. Financial Architects Inc added SUN to its portfolio by purchasing 250 company shares during the most recent quarter which is valued at $7,725.

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.

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