A number of other equities research analysts have also issued reports on SUN. BMO Capital Markets upgraded shares of Sunoco from an “underperform” rating to a “market perform” rating in a report on Friday, October 18th. Barclays set a $33.00 target price on shares of Sunoco and gave the stock a “hold” rating in a report on Tuesday, October 15th. Mizuho assumed coverage on shares of Sunoco in a report on Monday, October 28th. They set a “buy” rating and a $36.00 target price on the stock. Finally, Raymond James increased their target price on shares of Sunoco from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $31.78.
Shares of SUN stock opened at $30.21 on Wednesday. The firm’s 50 day moving average price is $31.70 and its 200-day moving average price is $31.60. The company has a debt-to-equity ratio of 4.70, a quick ratio of 0.69 and a current ratio of 1.21. Sunoco has a one year low of $23.80 and a one year high of $34.09. The firm has a market cap of $2.98 billion, a P/E ratio of 14.78 and a beta of 0.78.
Sunoco (NYSE:SUN) last issued its quarterly earnings data 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). The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.41 billion. Sunoco had a return on equity of 31.52% and a net margin of 0.96%. The business’s revenue was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.15 earnings per share. As a group, research analysts predict that Sunoco will post 2.22 EPS for the current fiscal year.
In other news, insider Arnold Dodderer sold 5,711 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $30.16, for a total value of $172,243.76. Following the sale, the insider now directly owns 46,787 shares in the company, valued at approximately $1,411,095.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Machell Simon acquired 6,305 shares of Sunoco stock in a transaction dated Thursday, October 31st. The stock was purchased at an average price of $13.45 per share, for a total transaction of $84,802.25.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Advisor Networks LLC raised its holdings in shares of Sunoco by 3.9% in the 3rd quarter. Cetera Advisor Networks LLC now owns 8,205 shares of the oil and gas company’s stock valued at $258,000 after purchasing an additional 305 shares in the last quarter. Advisor Group Inc. grew its position in shares of Sunoco by 4.6% in the 2nd quarter. Advisor Group Inc. now owns 9,493 shares of the oil and gas company’s stock valued at $297,000 after buying an additional 414 shares during the last quarter. Sigma Planning Corp grew its position in shares of Sunoco by 3.2% in the 2nd quarter. Sigma Planning Corp now owns 16,593 shares of the oil and gas company’s stock valued at $519,000 after buying an additional 508 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Sunoco by 3.5% in the 2nd quarter. Private Advisor Group LLC now owns 19,813 shares of the oil and gas company’s stock valued at $620,000 after buying an additional 671 shares during the last quarter. Finally, Wellington Shields Capital Management LLC grew its position in shares of Sunoco by 2.7% in the 2nd quarter. Wellington Shields Capital Management LLC now owns 30,800 shares of the oil and gas company’s stock valued at $963,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 28.29% of the company’s stock.
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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