Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Sunoco from a buy rating to a hold rating in a research report on Thursday, December 7th. Jefferies Group reiterated a neutral rating on shares of Sunoco in a report on Wednesday, December 20th. B. Riley set a $32.00 price target on Sunoco and gave the stock a neutral rating in a report on Monday, December 18th. Janney Montgomery Scott initiated coverage on Sunoco in a report on Friday, January 19th. They issued a neutral rating and a $33.00 price target on the stock. Finally, Goldman Sachs Group upgraded Sunoco from a sell rating to a neutral rating and set a $33.00 price target on the stock in a report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $31.69.
Shares of Sunoco (NYSE:SUN) opened at $30.49 on Thursday. Sunoco has a 52-week low of $23.09 and a 52-week high of $33.11. The company has a debt-to-equity ratio of 2.28, a quick ratio of 3.75 and a current ratio of 4.02. The stock has a market capitalization of $3,030.00, a P/E ratio of -5.94 and a beta of 0.54.
In related news, insider Arnold Dodderer sold 2,512 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $28.98, for a total value of $72,797.76. Following the transaction, the insider now owns 23,923 shares of the company’s stock, valued at $693,288.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its stake in Sunoco by 24.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,262 shares of the oil and gas company’s stock worth $191,000 after purchasing an additional 1,213 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in Sunoco in the fourth quarter worth approximately $271,000. Yorktown Management & Research Co Inc bought a new position in Sunoco in the fourth quarter worth approximately $273,000. California Public Employees Retirement System bought a new position in Sunoco in the third quarter worth approximately $329,000. Finally, Virtu Financial LLC bought a new position in Sunoco in the fourth quarter worth approximately $353,000. 26.31% of the stock is currently owned by institutional investors.
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Sunoco Company Profile
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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