Large Outflow of Money Witnessed in Sunoco LP

Shares of Sunoco LP (NYSE:SUN) traded 0.15 points or 0.51% higher at $29.63.The total intraday money flow for the shares came in at a disappointing $(-1.33) million. The total upticks amounted to $4.5 million and the total downticks were approximately $5.83 million, with the up/down ratio of 0.77. On a different note, the shares have seen -10.94% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $0.55 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-0.55) million.


Institutional Investors own 34.76% of Sunoco LP shares. On the companys insider trading activities, Mckinley Leta, officer (VP & Controller) of Sunoco Lp, had purchased 780 shares on September 10, 2015. The total value of the transaction was $28,439. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Sunoco LP (NYSE:SUN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.18 points or 0.61% at $29.3 with 730,672 shares getting traded. Post opening the session at $29.11, the shares hit an intraday low of $28.74 and an intraday high of $29.77 and the price was in this range throughout the day. The company has a market cap of $3,274 million and the number of outstanding shares have been calculated to be 111,750,566 shares. The 52-week high of Sunoco LP (NYSE:SUN) is $48.34 and the 52-week low is $22.86.

Many analysts have stated their opinion on the company shares. Brokerage firm Jefferies downgrades its rating on Sunoco LP (NYSE:SUN). As per the latest information, the brokerage house lowers the price target to $23 per share from a prior target of $35. The shares have been rated Underperform. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on June 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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