Private Advisor Group LLC grew its holdings in shares of Sunoco LP (NYSE:SUN) by 9.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,092 shares of the oil and gas company’s stock after buying an additional 1,583 shares during the period. Private Advisor Group LLC’s holdings in Sunoco were worth $577,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Ffcm LLC bought a new stake in shares of Sunoco during the 2nd quarter valued at $112,000. SRS Capital Advisors Inc. boosted its holdings in shares of Sunoco by 6.3% during the 1st quarter. SRS Capital Advisors Inc. now owns 7,123 shares of the oil and gas company’s stock valued at $172,000 after buying an additional 420 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV bought a new position in Sunoco in the 2nd quarter worth about $245,000. Meridian Wealth Management LLC bought a new position in Sunoco in the 2nd quarter worth about $278,000. Finally, Proficio Capital Partners LLC bought a new position in Sunoco in the 1st quarter worth about $282,000. Hedge funds and other institutional investors own 30.88% of the company’s stock.
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Sunoco LP (NYSE:SUN) opened at 31.58 on Friday. Sunoco LP has a 12 month low of $21.01 and a 12 month high of $32.67. The firm has a 50-day moving average price of $31.32 and a 200-day moving average price of $29.36. The stock’s market cap is $3.14 billion.
A number of equities analysts recently issued reports on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $30.00 price target (up previously from $29.00) on shares of Sunoco in a research note on Monday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $35.00 price target (up previously from $32.00) on shares of Sunoco in a research note on Wednesday, September 6th. BidaskClub upgraded shares of Sunoco from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. UBS AG reiterated a “neutral” rating and issued a $30.00 price target (up previously from $28.00) on shares of Sunoco in a research note on Monday, August 14th. Finally, Mizuho cut shares of Sunoco from a “neutral” rating to an “underperform” rating and set a $28.00 price target on the stock. in a research note on Monday, July 10th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Sunoco has an average rating of “Hold” and a consensus target price of $31.25.
Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.
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