Stifel Nicolaus set a $34.00 price objective on Sunoco (NYSE:SUN) in a research note published on Monday morning, TipRanks reports. The brokerage currently has a hold rating on the oil and gas company’s stock.
Several other analysts also recently weighed in on SUN. Mitsubishi UFJ Financial Group reissued a neutral rating on shares of Sunoco in a report on Thursday, May 9th. Raymond James reduced their target price on Sunoco from $35.00 to $33.00 and set an outperform rating for the company in a report on Friday, August 9th. Barclays downgraded Sunoco from an overweight rating to an equal weight rating and reduced their target price for the company from $34.00 to $32.00 in a report on Tuesday, April 16th. ValuEngine downgraded Sunoco from a hold rating to a sell rating in a report on Thursday, August 1st. Finally, TheStreet raised Sunoco from a c+ rating to a b rating in a report on Thursday, May 9th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $30.80.
Shares of Sunoco stock traded down $0.39 on Monday, hitting $30.52. The stock had a trading volume of 403,348 shares, compared to its average volume of 300,422. Sunoco has a 52-week low of $23.80 and a 52-week high of $34.09. The company has a current ratio of 1.32, a quick ratio of 0.81 and a debt-to-equity ratio of 4.40. The firm has a market cap of $3.06 billion, a PE ratio of 11.85 and a beta of 0.81. The business has a 50 day moving average price of $32.46.
Sunoco (NYSE:SUN) last posted its earnings results on Wednesday, August 7th. The oil and gas company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.31). Sunoco had a net margin of 1.21% and a return on equity of 34.87%. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.17 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, research analysts predict that Sunoco will post 2.44 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th will be paid a dividend of $0.8255 per share. This represents a $3.30 annualized dividend and a yield of 10.82%. The ex-dividend date is Monday, August 5th. Sunoco’s dividend payout ratio is presently 127.91%.
A number of institutional investors and hedge funds have recently bought and sold shares of SUN. BlackRock Inc. raised its holdings in Sunoco by 53.2% in the fourth quarter. BlackRock Inc. now owns 575,604 shares of the oil and gas company’s stock worth $15,651,000 after purchasing an additional 200,000 shares during the period. Stifel Financial Corp bought a new stake in shares of Sunoco during the fourth quarter worth $266,000. Geode Capital Management LLC bought a new position in Sunoco in the fourth quarter valued at $207,000. Virtu Financial LLC bought a new position in Sunoco in the first quarter valued at $380,000. Finally, Bank of Montreal Can grew its position in Sunoco by 158.9% in the first quarter. Bank of Montreal Can now owns 433,596 shares of the oil and gas company’s stock valued at $13,511,000 after purchasing an additional 266,134 shares in the last quarter. 28.89% 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.
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