Shares of Sunoco LP (NYSE:SUN) have received a consensus recommendation of “Hold” from the twenty brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $31.91.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Sunoco from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Royal Bank of Canada reissued a “buy” rating and set a $35.00 price target on shares of Sunoco in a research note on Tuesday, October 10th. Jefferies Group reissued a “neutral” rating on shares of Sunoco in a research note on Wednesday, December 20th. B. Riley set a $32.00 price target on shares of Sunoco and gave the stock a “neutral” rating in a research note on Monday, December 18th. Finally, Janney Montgomery Scott assumed coverage on shares of Sunoco in a research note on Friday, January 19th. They set a “neutral” rating and a $33.00 price target for the company.
Sunoco (NYSE SUN) traded down $0.37 on Friday, hitting $29.63. 323,035 shares of the company were exchanged, compared to its average volume of 523,242. 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 company has a market capitalization of $3,643.65, a P/E ratio of -3.70 and a beta of 0.54. Sunoco has a twelve month low of $23.09 and a twelve month high of $33.11.
Sunoco (NYSE:SUN) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.67. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $3.46 billion. Sunoco had a negative net margin of 4.89% and a positive return on equity of 12.43%. equities analysts anticipate that Sunoco will post 0.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th will be paid a $0.8255 dividend. This represents a $3.30 annualized dividend and a yield of 11.14%. The ex-dividend date of this dividend is Monday, February 5th. Sunoco’s payout ratio is presently -41.30%.
In other news, insider Arnold Dodderer sold 2,512 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $28.98, for a total value of $72,797.76. Following the completion of the transaction, the insider now owns 23,923 shares in the company, valued at $693,288.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several institutional investors have recently added to or reduced their stakes in SUN. BB&T Investment Services Inc. acquired a new position in shares of Sunoco in the second quarter valued at approximately $100,000. The Manufacturers Life Insurance Company boosted its holdings in shares of 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 valued at $191,000 after buying an additional 1,213 shares during the period. Suntrust Banks Inc. acquired a new position in shares of Sunoco in the second quarter valued at approximately $235,000. California Public Employees Retirement System acquired a new position in shares of Sunoco in the third quarter valued at approximately $329,000. Finally, Creative Planning acquired a new position in shares of Sunoco in the fourth quarter valued at approximately $366,000. Institutional investors own 26.33% of the company’s stock.
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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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