Sunoco
About: Sunoco LP engaged in the distribution of motor fuels to independent dealers, distributors, and other commercial customers as well as the distribution of motor fuels to end-use customers at retail sites operated by commission agents. It is a growth-oriented master limited partnership (MLP) that operates as a wholesale and retail fuel distributor in the United States. The firm operates through the Fuel Distribution and Marketing segment. It distributes motor fuel to convenience stores, dealers, and commercial customers in various states. The operating convenience stores are under the APlus, Stripes, Aloha Island Mart, and Tigermarket brands.
Employees: 2,389
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
300% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 21
224% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 34
156% more capital invested
Capital invested by funds: $1.29B [Q1] → $3.3B (+$2.01B) [Q2]
50% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 6 (+2) [Q2]
30% more funds holding
Funds holding: 210 [Q1] → 273 (+63) [Q2]
17.92% more ownership
Funds ownership: 25.3% [Q1] → 43.22% (+17.92%) [Q2]
46% less call options, than puts
Call options by funds: $26.5M | Put options by funds: $49.3M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
RBC Capital Elvira Scotto 65% 1-year accuracy 15 / 23 met price target | 21%upside $63 | Outperform Maintained | 16 Oct 2024 |
JP Morgan Jeremy Tonet 94% 1-year accuracy 17 / 18 met price target | 21%upside $63 | Overweight Maintained | 4 Sept 2024 |
Financial journalist opinion
Based on 13 articles about SUN published over the past 30 days