Sunoco (NYSE:SUN) had its price objective cut by Barclays from $37.00 to $34.00 in a research note released on Wednesday morning. They currently have an overweight rating on the oil and gas company’s stock.
SUN has been the topic of several other research reports. Credit Suisse Group started coverage on Sunoco in a research note on Thursday, January 4th. They set a neutral rating and a $28.00 price target on the stock. JPMorgan Chase raised Sunoco from a neutral rating to an overweight rating and set a $29.20 price target on the stock in a research note on Tuesday, January 9th. Goldman Sachs raised Sunoco from a sell rating to a neutral rating and set a $33.00 price target on the stock in a research note on Monday, December 18th. Janney Montgomery Scott started coverage on Sunoco in a research note on Friday, January 19th. They set a neutral rating and a $33.00 price target on the stock. Finally, Zacks Investment Research lowered Sunoco from a hold rating to a sell rating in a research note on Wednesday, March 28th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $31.10.
Shares of NYSE:SUN opened at $26.43 on Wednesday. The company has a market cap of $2,636.59, a PE ratio of 11.54 and a beta of 0.63. The company has a debt-to-equity ratio of 2.20, a quick ratio of 3.39 and a current ratio of 3.74. Sunoco has a 12 month low of $24.76 and a 12 month high of $33.11.
Hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in Sunoco by 24.0% in the 2nd 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 in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Sunoco in the 4th quarter valued at approximately $271,000. Yorktown Management & Research Co Inc purchased a new stake in Sunoco in the 4th quarter valued at approximately $273,000. California Public Employees Retirement System purchased a new stake in Sunoco in the 3rd quarter valued at approximately $329,000. Finally, Virtu Financial LLC purchased a new stake in Sunoco in the 4th quarter valued at approximately $353,000. 30.00% of the stock is currently owned by hedge funds and other institutional investors.
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Sunoco Company Profile
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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