Sunoco LP (SUN) : Wexford Capital Lp scooped up 51,822 additional shares in Sunoco LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 447,424 shares of Sunoco LP which is valued at $14.9 Million.Sunoco LP makes up approximately 2.88% of Wexford Capital Lp’s portfolio.
Other Hedge Funds, Including , Oppenheimerfunds boosted its stake in SUN in the latest quarter, The investment management firm added 710,783 additional shares and now holds a total of 3,883,946 shares of Sunoco LP which is valued at $129.5 Million. Sunoco LP makes up approx 0.17% of Oppenheimerfunds’s portfolio.Cypress Asset Management Inctx reduced its stake in SUN by selling 1,174 shares or 4.27% in the most recent quarter. The Hedge Fund company now holds 26,323 shares of SUN which is valued at $869,975. Sunoco LP makes up approx 0.17% of Cypress Asset Management Inctx’s portfolio. Lakeview Capital Partners sold out all of its stake in SUN during the most recent quarter. The investment firm sold 39,628 shares of SUN which is valued $1.3 Million. Ifp Advisors Inc added SUN to its portfolio by purchasing 1,594 company shares during the most recent quarter which is valued at $52,682.State Of New Jersey Common Pension Fund D boosted its stake in SUN in the latest quarter, The investment management firm added 37,800 additional shares and now holds a total of 51,400 shares of Sunoco LP which is valued at $1.8 Million. Sunoco LP makes up approx 0.01% of State Of New Jersey Common Pension Fund D’s portfolio.
Sunoco LP opened for trading at $32.77 and hit $33.51 on the upside on Friday, eventually ending the session at $33.48, with a gain of 3.21% or 1.04 points. The heightened volatility saw the trading volume jump to 3,40,839 shares. Company has a market cap of $3,191,983 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. Shares were Reiterated by RBC Capital Mkts on May 11, 2016 to “Outperform” and Lowered the Price Target to $ 45 from a previous price target of $51 .Shares were Reiterated by UBS on May 6, 2016 to “Buy” and Lowered the Price Target to $ 43 from a previous price target of $45 .Sunoco LP was Downgraded by Credit Suisse to ” Neutral” on Apr 19, 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.