Sunoco

SUN

Sunoco LP is an American master limited partnership organized in Delaware and headquartered in Dallas, Texas, that is a wholesale distributor of motor fuels. It distributes fuel to more than 7,300 Sunoco-branded gas stations, almost all of which are owned and operated by third parties. The partnership is controlled by Energy Transfer Partners.The partnership was formerly known as Sun Company Inc. (1886–1920 and 1976–1998) and Sun Oil Co. (1920–1976). It was formerly engaged in oil refinery, the chemical industry, and retail sales, but divested these businesses.

Sunoco has been a target of short sellers for a while. The current short interest of 1.97% is roughly at the average of the last 12 months (2.79%).