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

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Sunoco LP (NYSE:SUN) has been given a consensus recommendation of “Hold” by the fifteen analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $31.88.

A number of research firms have issued reports on SUN. ValuEngine cut shares of Sunoco from a “sell” rating to a “strong sell” rating in a research report on Friday, October 25th. BMO Capital Markets upgraded shares of Sunoco from an “underperform” rating to a “market perform” rating in a report on Friday, October 18th. Mizuho initiated coverage on Sunoco in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 target price on the stock. Barclays set a $33.00 price target on Sunoco and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, Stifel Nicolaus set a $34.00 price target on Sunoco and gave the company a “hold” rating in a research report on Monday, August 12th.

Shares of NYSE:SUN traded up $0.25 during trading on Friday, reaching $31.50. 236,875 shares of the company traded hands, compared to its average volume of 277,444. The company has a current ratio of 1.21, a quick ratio of 0.69 and a debt-to-equity ratio of 4.70. Sunoco has a 52-week low of $23.80 and a 52-week high of $34.09. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 12.21 and a beta of 0.81. The business’s fifty day moving average is $32.09 and its 200-day moving average is $31.57.

Sunoco (NYSE:SUN) last issued its earnings results on Wednesday, November 6th. The oil and gas company reported $0.57 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.41 billion. During the same period in the previous year, the firm earned $1.15 earnings per share. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. On average, sell-side analysts predict that Sunoco will post 2.13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were issued a $0.8255 dividend. The ex-dividend date was Monday, November 4th. This represents a $3.30 annualized dividend and a yield of 10.48%. Sunoco’s dividend payout ratio (DPR) is presently 127.91%.

In related news, insider Machell Simon bought 6,305 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were purchased at an average price of $13.45 per share, with a total value of $84,802.25.

Large investors have recently made changes to their positions in the company. Invesco Ltd. bought a new stake in shares of Sunoco during the second quarter valued at approximately $488,430,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Sunoco during the second quarter valued at $2,274,000. Hussman Strategic Advisors Inc. purchased a new position in Sunoco during the third quarter valued at $1,572,000. California Public Employees Retirement System boosted its holdings in shares of Sunoco by 51.6% during the 3rd quarter. California Public Employees Retirement System now owns 104,511 shares of the oil and gas company’s stock valued at $3,287,000 after buying an additional 35,566 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Sunoco during the 2nd quarter valued at $727,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Investing in Growth Stocks

Analyst Recommendations for Sunoco (NYSE:SUN)

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