Sunoco LP (SUN) : Tph Asset Management scooped up 158,563 additional shares in Sunoco LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 858,618 shares of Sunoco LP which is valued at $28.6 Million.Sunoco LP makes up approximately 3.12% of Tph Asset Management’s portfolio.
Other Hedge Funds, Including , Bp Capital Fund Advisors boosted its stake in SUN in the latest quarter, The investment management firm added 78,046 additional shares and now holds a total of 118,929 shares of Sunoco LP which is valued at $4 Million. Sunoco LP makes up approx 1.90% of Bp Capital Fund Advisors’s portfolio.Raymond James Associates reduced its stake in SUN by selling 640 shares or 4.14% in the most recent quarter. The Hedge Fund company now holds 14,801 shares of SUN which is valued at $493,317.Penserra Capital Management reduced its stake in SUN by selling 144,380 shares or 99.88% in the most recent quarter. The Hedge Fund company now holds 175 shares of SUN which is valued at $5,833.Gilman Hill Asset Management boosted its stake in SUN in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 10,250 shares of Sunoco LP which is valued at $338,763. Sunoco LP makes up approx 0.15% of Gilman Hill Asset Management’s portfolio. 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.
Sunoco LP closed down -0.05 points or -0.15% at $33.77 with 4,95,261 shares getting traded on Wednesday. Post opening the session at $34, the shares hit an intraday low of $33.69 and an intraday high of $34 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. 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.