Sunoco LP (NYSE:SUN)‘s stock had its “underweight” rating reiterated by Mitsubishi UFJ Financial Group in a research report issued to clients and investors on Thursday.
Several other equities research analysts also recently weighed in on the company. Mizuho reaffirmed a “sell” rating and set a $29.00 price target on shares of Sunoco in a report on Friday, October 20th. Jefferies Group LLC reaffirmed a “hold” rating and set a $30.00 price target on shares of Sunoco in a report on Friday, October 13th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $35.00 price target on shares of Sunoco in a report on Tuesday, October 10th. BidaskClub raised Sunoco from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, UBS AG reaffirmed a “neutral” rating and set a $30.00 price target (up from $28.00) on shares of Sunoco in a report on Monday, August 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $31.33.
Shares of Sunoco (NYSE SUN) opened at $30.70 on Thursday. The company has a current ratio of 4.02, a quick ratio of 3.75 and a debt-to-equity ratio of 2.28. Sunoco has a fifty-two week low of $21.01 and a fifty-two week high of $32.67. The firm has a market capitalization of $3,577.59, a price-to-earnings ratio of 18.27 and a beta of 0.58.
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In related news, Director Stephen Pearce sold 250,000 shares of Sunoco stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $0.44, for a total transaction of $110,000.00.
A number of institutional investors have recently bought and sold shares of SUN. BB&T Investment Services Inc. purchased a new stake in Sunoco during the 2nd quarter worth about $100,000. Ffcm LLC purchased a new stake in Sunoco in the 2nd quarter valued at about $112,000. The Manufacturers Life Insurance Company grew its holdings in Sunoco by 24.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,262 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 1,213 shares during the period. Suntrust Banks Inc. purchased a new stake in Sunoco in the 2nd quarter valued at about $235,000. Finally, Hudson Valley Investment Advisors Inc. ADV purchased a new stake in Sunoco in the 2nd quarter valued at about $245,000. Hedge funds and other institutional investors own 26.50% of the company’s stock.
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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