Sunoco (NYSE:SUN) is scheduled to post its quarterly earnings results after the market closes on Wednesday, February 21st. Analysts expect Sunoco to post earnings of $0.37 per share for the quarter.
Shares of Sunoco (NYSE:SUN) opened at $30.41 on Tuesday. Sunoco has a one year low of $23.09 and a one year high of $33.11. The stock has a market cap of $3,030.00, a PE ratio of -5.93 and a beta of 0.54. 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th were paid a dividend of $0.8255 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $3.30 annualized dividend and a yield of 10.86%. Sunoco’s dividend payout ratio is presently -64.33%.
Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Sunoco from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. 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 company a “neutral” rating in a research note on Monday, December 18th. Janney Montgomery Scott assumed coverage on shares of Sunoco in a research note on Friday, January 19th. They issued a “neutral” rating and a $33.00 price target for the company. Finally, Goldman Sachs Group raised shares of Sunoco from a “sell” rating to a “neutral” rating and set a $33.00 price target for the company in a research note on Monday, December 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $31.69.
In related news, insider Arnold Dodderer sold 2,512 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $28.98, for a total transaction of $72,797.76. Following the completion of the transaction, the insider now owns 23,923 shares of the company’s stock, valued at approximately $693,288.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A hedge fund recently raised its stake in Sunoco stock. The Manufacturers Life Insurance Company increased its stake in shares of Sunoco LP (NYSE:SUN) by 24.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,262 shares of the oil and gas company’s stock after purchasing an additional 1,213 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Sunoco were worth $191,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 26.31% 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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