Sunoco LP (NYSE:SUN – Get Free Report) has received a consensus recommendation of “Buy” from the ten analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $79.38.
A number of research firms have weighed in on SUN. Mizuho set a $83.00 price objective on shares of Sunoco in a research report on Friday, July 24th. Barclays restated an “overweight” rating and set a $83.00 target price on shares of Sunoco in a research report on Thursday. JPMorgan Chase & Co. upped their target price on Sunoco from $73.00 to $84.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Wall Street Zen downgraded Sunoco from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Citigroup raised their price target on Sunoco from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 7th.
Read Our Latest Analysis on SUN
Sunoco Price Performance
Sunoco stock opened at $73.26 on Friday. The company has a market cap of $15.01 billion, a price-to-earnings ratio of 16.21 and a beta of 0.43. The firm’s fifty day moving average is $75.34 and its 200 day moving average is $70.73. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 1.95. Sunoco has a 52-week low of $49.98 and a 52-week high of $80.22.
Sunoco (NYSE:SUN – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.94 EPS for the quarter, missing the consensus estimate of $2.50 by ($1.56). The business had revenue of $14.26 billion for the quarter, compared to the consensus estimate of $11.05 billion. Sunoco had a net margin of 2.88% and a return on equity of 18.78%. Sunoco’s revenue for the quarter was up 164.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 EPS. Sell-side analysts forecast that Sunoco will post 9.57 EPS for the current fiscal year.
Sunoco Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th were issued a $1.0023 dividend. The ex-dividend date was Friday, August 7th. This is a boost from Sunoco’s previous quarterly dividend of $0.9899. This represents a $4.01 dividend on an annualized basis and a dividend yield of 5.5%. Sunoco’s dividend payout ratio (DPR) is currently 88.72%.
Institutional Investors Weigh In On Sunoco
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SUN. Compass Financial Management LLC bought a new stake in Sunoco during the 2nd quarter valued at about $60,000. TD Waterhouse Canada Inc. grew its stake in Sunoco by 198.2% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 978 shares of the oil and gas company’s stock worth $73,000 after acquiring an additional 650 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in Sunoco in the 1st quarter worth about $78,000. IFP Advisors Inc boosted its holdings in shares of Sunoco by 59.9% in the third quarter. IFP Advisors Inc now owns 1,760 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 659 shares during the period. Finally, Western Wealth Management LLC bought a new position in Sunoco in the first quarter worth approximately $138,000. Institutional investors own 24.29% of the company’s stock.
Sunoco Company Profile
Sunoco LP is a publicly traded master limited partnership that distributes and markets motor fuel in the United States. The company supplies gasoline, diesel, and other refined products to independent dealers, commercial customers, distributors, and convenience-store operators. It also supports fuel sales through the Sunoco brand, which is licensed to retail locations operated by third parties.
In addition to fuel distribution, Sunoco owns and operates a network of refined-product terminals and pipelines used to receive, store, transport, and deliver motor fuels and other petroleum products.
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