Custom Index Systems LLC Has $1.14 Million Stock Position in Sunoco LP (NYSE:SUN)

Custom Index Systems LLC reduced its holdings in Sunoco LP (NYSE:SUN) by 18.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,255 shares of the oil and gas company’s stock after selling 4,845 shares during the period. Custom Index Systems LLC’s holdings in Sunoco were worth $1,141,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Brookstone Capital Management increased its position in Sunoco by 6.7% during the first quarter. Brookstone Capital Management now owns 10,684 shares of the oil and gas company’s stock worth $644,000 after acquiring an additional 671 shares during the period. Register Financial Advisors LLC acquired a new position in shares of Sunoco in the 1st quarter worth approximately $55,000. Norden Group LLC bought a new position in shares of Sunoco during the 1st quarter worth approximately $334,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sunoco in the 1st quarter valued at $733,000. Finally, BNP Paribas Financial Markets grew its position in Sunoco by 57.3% in the first quarter. BNP Paribas Financial Markets now owns 71,320 shares of the oil and gas company’s stock valued at $4,300,000 after acquiring an additional 25,992 shares during the period. 24.29% of the stock is currently owned by institutional investors and hedge funds.

Sunoco Trading Down 0.1 %

SUN stock traded down $0.04 during trading on Friday, hitting $52.21. The company had a trading volume of 309,223 shares, compared to its average volume of 524,086. The firm has a 50-day moving average price of $53.13 and a 200-day moving average price of $53.92. Sunoco LP has a 12 month low of $49.00 and a 12 month high of $64.89. The company has a quick ratio of 0.72, a current ratio of 1.26 and a debt-to-equity ratio of 1.69. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 11.63 and a beta of 1.30.

Sunoco (NYSE:SUN) last released its earnings results on Wednesday, August 7th. The oil and gas company reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $2.62. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $5.63 billion. Sunoco had a return on equity of 41.76% and a net margin of 3.80%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. As a group, analysts predict that Sunoco LP will post 8.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SUN shares. Royal Bank of Canada boosted their target price on shares of Sunoco from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. StockNews.com cut shares of Sunoco from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Barclays cut their target price on shares of Sunoco from $61.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Finally, JPMorgan Chase & Co. increased their price target on Sunoco from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Sunoco presently has an average rating of “Moderate Buy” and an average price target of $62.25.

Sunoco Profile

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates through two segments: Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel, as well as other petroleum products, such as propane and lubricating oil from independent refiners and oil companies and supplies it to company-operated retail stores, independently operated commission agents, and retail stores, as well as other commercial customers, including unbranded retail stores, other fuel distributors, school districts, municipalities, and other industrial customers.