November 17, 2016 - By Ellis Scott · 0 Comments
The stock of Sunoco LP (NYSE:SUN) registered an increase of 13.08% in short interest. SUN’s total short interest was 7.35 million shares in November as published by FINRA. Its up 13.08% from 6.50M shares, reported previously. With 369,300 shares average volume, it will take short sellers 20 days to cover their SUN’s short positions. The short interest to Sunoco LP’s float is 15.59%. The stock decreased 1.16% or $0.29 during the last trading session, hitting $24.65. Sunoco LP (NYSE:SUN) has declined 24.71% since April 15, 2016 and is downtrending. It has underperformed by 29.33% the S&P500.
Sunoco LP, formerly Susser Petroleum Partners LP, is engaged in the retail sale of motor fuels and merchandise through the Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial clients and distributors. The company has a market cap of $2.88 billion. The Firm operates through two divisions: wholesale and retail. It has a 17.39 P/E ratio. The Wholesale activities segment sells motor fuel to its retail segment and external customers.
Insitutional Activity: The institutional sentiment increased to 1.11 in Q2 2016. Its up 0.03, from 1.08 in 2016Q1. The ratio increased, as 17 funds sold all Sunoco LP shares owned while 28 reduced positions. 23 funds bought stakes while 27 increased positions. They now own 38.18 million shares or 20.58% more from 31.67 million shares in 2016Q1.
Davenport & Ltd Limited Liability Company has invested 0% of its portfolio in Sunoco LP (NYSE:SUN). Commonwealth Of Pennsylvania Public School Empls Retrmt has invested 0.03% of its portfolio in Sunoco LP (NYSE:SUN). Magnetar Fincl Limited Liability Co, a Illinois-based fund reported 2.28M shares. Blackrock Advsr Limited Liability Company accumulated 53,070 shares or 0% of the stock. Creative Planning last reported 4,300 shares in the company. Family Mgmt Corporation accumulated 1.01% or 59,875 shares. Credit Suisse Ag holds 344,667 shares or 0.01% of its portfolio. Deutsche Financial Bank Ag reported 704,658 shares or 0.01% of all its holdings. Commonwealth Equity Svcs reported 16,429 shares or 0% of all its holdings. Advisory accumulated 0.86% or 1.67 million shares. Wexford Capital Limited Partnership reported 217,546 shares or 1.13% of all its holdings. Us State Bank De reported 818 shares or 0% of all its holdings. Moreover, Burnham Asset Mgmt Corporation has 0.4% invested in Sunoco LP (NYSE:SUN) for 48,360 shares. Duff & Phelps Invest Management has invested 0.14% of its portfolio in Sunoco LP (NYSE:SUN). Wells Fargo And Co Mn has 135,356 shares for 0% of their US portfolio.
Out of 13 analysts covering Sunoco Inc. (NYSE:SUN), 4 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 31% are positive. $57 is the highest target while $23 is the lowest. The $35.70 average target is 44.83% above today’s ($24.65) stock price. Sunoco Inc. has been the topic of 28 analyst reports since July 24, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, November 24 report. The rating was initiated by Citigroup on Friday, September 23 with “Neutral”. The firm has “Equal Weight” rating given on Friday, August 7 by Barclays Capital. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, August 15. JP Morgan maintained Sunoco LP (NYSE:SUN) rating on Friday, April 15. JP Morgan has “Overweight” rating and $48 price target. The stock has “Underperform” rating given by Jefferies on Wednesday, June 8. The stock has “Hold” rating given by Jefferies on Tuesday, March 22. The stock of Sunoco LP (NYSE:SUN) earned “Outperform” rating by RBC Capital Markets on Thursday, July 23. On Thursday, June 16 the stock rating was maintained by Barclays Capital with “Equalweight”. The company was upgraded on Thursday, November 19 by Credit Suisse.
Sunoco LP, formerly Susser Petroleum Partners LP, incorporated on June 11, 2012, is engaged in the retail sale of motor fuels and merchandise through the Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial clients and distributors. The Firm operates through two divisions: wholesale and retail. The Wholesale activities segment sells motor fuel to its retail segment and external customers. The Retail activities segment operates convenience stores selling a range of merchandise, food items, services and motor fuel. The Firm operates approximately 900 convenience stores and fuel outlets in over eight states, offering merchandise, food service, motor fuel and other services. It distributes approximately 7.6 billion gallons of motor fuel through its convenience stores and consignment locations, contracted independent convenience store operators, and other commercial customers.
More important recent Sunoco LP (NYSE:SUN) news were published by: Fool.com which released: “Sunoco LP Shrugs Off Operational Challenges and Turns In Solid Q3 Earnings” on November 11, 2016, also Prnewswire.com published article titled: “Sunoco LP Announces Third Quarter 2016 Financial and Operating Results”, Seekingalpha.com published: “Sunoco LP’s Growing Pains” on November 14, 2016. More interesting news about Sunoco LP (NYSE:SUN) was released by: Prnewswire.com and their article: “Sunoco LP Maintains Quarterly Distribution” with publication date: October 26, 2016.
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By Ellis Scott