Sunoco LP (NYSE:SUN) Given Consensus Rating of “Hold” by Brokerages

Shares of Sunoco LP (NYSE:SUN) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are covering the company, reports. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $31.88.

Several research firms recently issued reports on SUN. Mizuho started coverage on shares of Sunoco in a research report on Monday, October 28th. They set a “buy” rating and a $36.00 price target on the stock. ValuEngine downgraded shares of Sunoco from a “sell” rating to a “strong sell” rating in a research report on Friday, October 25th. BMO Capital Markets upgraded Sunoco from an “underperform” rating to a “market perform” rating in a research note on Friday, October 18th. Raymond James raised their target price on Sunoco from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus set a $34.00 price target on Sunoco and gave the company a “hold” rating in a research note on Monday, August 12th.

SUN stock opened at $30.60 on Tuesday. The company has a market cap of $3.00 billion, a PE ratio of 11.86 and a beta of 0.79. The business has a 50-day simple moving average of $31.83 and a 200 day simple moving average of $31.60. Sunoco has a 52 week low of $23.80 and a 52 week high of $34.09. The company has a quick ratio of 0.69, a current ratio of 1.21 and a debt-to-equity ratio of 4.70.

Sunoco (NYSE:SUN) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.24). Sunoco had a return on equity of 31.52% and a net margin of 0.96%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same quarter in the previous year, the company earned $1.15 earnings per share. The company’s quarterly revenue was down 9.0% on a year-over-year basis. On average, analysts anticipate that Sunoco will post 2.22 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.8255 per share. The ex-dividend date was Monday, November 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 10.79%. Sunoco’s payout ratio is presently 127.91%.

In other news, insider Machell Simon bought 6,305 shares of the stock in a transaction on Thursday, October 31st. The stock was acquired at an average price of $13.45 per share, with a total value of $84,802.25.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its holdings in Sunoco by 15.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 9,141 shares of the oil and gas company’s stock worth $285,000 after acquiring an additional 1,204 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Sunoco in the second quarter valued at $41,000. SG Americas Securities LLC acquired a new stake in Sunoco in the second quarter valued at $727,000. Janney Montgomery Scott LLC acquired a new stake in Sunoco in the second quarter valued at $203,000. Finally, Advisor Group Inc. raised its position in Sunoco by 4.6% during the 2nd quarter. Advisor Group Inc. now owns 9,493 shares of the oil and gas company’s stock worth $297,000 after purchasing an additional 414 shares during the last quarter. Institutional investors and hedge funds own 28.29% of the company’s stock.

Sunoco Company Profile

Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations.

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Analyst Recommendations for Sunoco (NYSE:SUN)

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