Sunoco (NYSE:SUN) Receives Hold (C) Rating from Weiss Ratings

Sunoco (NYSE:SUN)‘s stock had its “hold (c)” rating reaffirmed by research analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

SUN has been the topic of several other reports. JPMorgan Chase & Co. boosted their target price on shares of Sunoco from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Tuesday, July 22nd. Mizuho cut their target price on shares of Sunoco from $67.00 to $66.00 and set an “outperform” rating on the stock in a research note on Friday, August 29th. Finally, Zacks Research raised shares of Sunoco from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.50.

Sunoco Price Performance

Shares of NYSE:SUN opened at $53.69 on Friday. The company’s fifty day moving average is $51.19 and its two-hundred day moving average is $53.28. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 1.90. Sunoco has a 12-month low of $47.98 and a 12-month high of $59.88. The company has a market cap of $8.22 billion, a P/E ratio of 26.45 and a beta of 0.53.

Sunoco (NYSE:SUN) last announced its earnings results on Wednesday, August 6th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($1.35). Sunoco had a net margin of 2.02% and a return on equity of 10.57%. The firm had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the firm earned $3.85 earnings per share. Sunoco’s revenue for the quarter was down 12.7% compared to the same quarter last year. Equities analysts expect that Sunoco will post 10.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sunoco

Several hedge funds have recently bought and sold shares of the business. EP Wealth Advisors LLC increased its position in Sunoco by 2.2% during the first quarter. EP Wealth Advisors LLC now owns 8,590 shares of the oil and gas company’s stock worth $499,000 after buying an additional 186 shares during the last quarter. Ameritas Advisory Services LLC increased its position in Sunoco by 3.9% during the second quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the oil and gas company’s stock worth $278,000 after buying an additional 193 shares during the last quarter. IHT Wealth Management LLC increased its position in Sunoco by 2.1% during the second quarter. IHT Wealth Management LLC now owns 10,302 shares of the oil and gas company’s stock worth $552,000 after buying an additional 212 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Sunoco by 5.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,262 shares of the oil and gas company’s stock worth $306,000 after buying an additional 279 shares during the last quarter. Finally, Sigma Planning Corp increased its position in Sunoco by 1.7% during the first quarter. Sigma Planning Corp now owns 18,301 shares of the oil and gas company’s stock worth $1,063,000 after buying an additional 309 shares during the last quarter. 24.29% of the stock is owned by institutional investors and hedge funds.

Sunoco Company Profile

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates through two segments: Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel, as well as other petroleum products, such as propane and lubricating oil from independent refiners and oil companies and supplies it to company-operated retail stores, independently operated commission agents, and retail stores, as well as other commercial customers, including unbranded retail stores, other fuel distributors, school districts, municipalities, and other industrial customers.