Sunoco LP (NYSE:SUN) is expected to pay $0.83 on Nov 15, 2016. The indicated annual dividend is $3.30. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on Sunoco LP’s current price of $28.34, the dividend is 2.91%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 28, 2016. Sunoco LP (NYSE:SUN) has declined 14.10% since March 31, 2016 and is downtrending. It has underperformed by 16.62% the S&P500.
Sunoco LP, formerly Susser Petroleum Partners LP, is engaged in the retail sale of motor fuels and merchandise through the Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial clients and distributors. The company has a market cap of $3.16 billion. The Firm operates through two divisions: wholesale and retail. It has a 18.69 P/E ratio. The Wholesale activities segment sells motor fuel to its retail segment and external customers.
Insitutional Activity: The institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.03, from 1.08 in 2016Q1. The ratio improved, as 17 funds sold all Sunoco LP shares owned while 28 reduced positions. 23 funds bought stakes while 27 increased positions. They now own 38.18 million shares or 20.58% more from 31.67 million shares in 2016Q1.
Commonwealth Of Pennsylvania School Empls Retrmt Systems has 58,522 shares for 0.03% of their US portfolio. Gsa Capital Prtn Limited Liability Partnership accumulated 0.02% or 10,190 shares. Manufacturers Life Com The has 0% invested in the company for 1,613 shares. Mycio Wealth Partners Ltd Liability Corporation accumulated 40 shares or 0% of the stock. Wealthtrust last reported 600 shares in the company. The New York-based Jpmorgan Chase & Co has invested 0% in Sunoco LP (NYSE:SUN). Barclays Plc holds 109,170 shares or 0% of its portfolio. Commonwealth Equity owns 16,429 shares or 0% of their US portfolio. Horizon Kinetics Limited Liability Com has 0.02% invested in the company for 25,703 shares. Gilman Hill Asset Ltd Co owns 10,375 shares or 0.13% of their US portfolio. Wade G W owns 7,649 shares or 0.04% of their US portfolio. Moreover, Babson Capital Limited Company has 0.03% invested in Sunoco LP (NYSE:SUN) for 41,900 shares. Global X Mngmt Limited Liability Com last reported 0.29% of its portfolio in the stock. Kornitzer Capital Mngmt Ks holds 0.08% or 147,200 shares in its portfolio. Guggenheim Lc holds 0% of its portfolio in Sunoco LP (NYSE:SUN) for 8,764 shares.
Sunoco LP (NYSE:SUN) Ratings Coverage
Out of 13 analysts covering Sunoco Inc. (NYSE:SUN), 4 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 31% are positive. Sunoco Inc. has been the topic of 28 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating given on Monday, August 15 by Morgan Stanley. The firm has “Equalweight” rating by Barclays Capital given on Thursday, June 16. The firm earned “Outperform” rating on Tuesday, June 21 by Oppenheimer. The firm has “Outperform” rating by RBC Capital Markets given on Friday, November 13. The firm earned “Neutral” rating on Friday, September 30 by Mizuho. RBC Capital Markets maintained Sunoco LP (NYSE:SUN) rating on Wednesday, May 11. RBC Capital Markets has “Outperform” rating and $45 price target. The company was downgraded on Tuesday, April 19 by Credit Suisse. The firm earned “Hold” rating on Tuesday, March 22 by Jefferies. Citigroup initiated Sunoco LP (NYSE:SUN) on Friday, September 23 with “Neutral” rating. The stock of Sunoco LP (NYSE:SUN) earned “Neutral” rating by Robert W. Baird on Thursday, August 4.
More notable recent Sunoco LP (NYSE:SUN) news were published by: Prnewswire.com which released: “Sunoco LP Completes the Acquisition of the Convenience Store and Wholesale …” on October 12, 2016, also Fool.com with their article: “3 Reasons Sunoco LP Stock Could Rise” published on August 18, 2016, Fool.com published: “Sunoco LP’s Recent Acquistion Shows Its Next Chapter in Growth” on June 27, 2016. More interesting news about Sunoco LP (NYSE:SUN) were released by: Prnewswire.com and their article: “Sunoco LP Completes the Acquisition of the Wholesale Fuel Distribution and …” published on August 31, 2016 as well as Prnewswire.com‘s news article titled: “Sunoco LP Maintains Quarterly Distribution” with publication date: October 26, 2016.
SUN Company Profile
Sunoco LP, formerly Susser Petroleum Partners LP, incorporated on June 11, 2012, is engaged in the retail sale of motor fuels and merchandise through the Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial clients and distributors. The Firm operates through two divisions: wholesale and retail. The Wholesale activities segment sells motor fuel to its retail segment and external customers. The Retail activities segment operates convenience stores selling a range of merchandise, food items, services and motor fuel. The Firm operates approximately 900 convenience stores and fuel outlets in over eight states, offering merchandise, food service, motor fuel and other services. It distributes approximately 7.6 billion gallons of motor fuel through its convenience stores and consignment locations, contracted independent convenience store operators, and other commercial customers.
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