Sunoco (NYSE:SUN) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
Several other equities research analysts also recently commented on SUN. Jefferies Financial Group upgraded Sunoco from an “underperform” rating to a “hold” rating and set a $30.00 price objective for the company in a report on Wednesday, July 18th. Raymond James reiterated a “buy” rating on shares of Sunoco in a report on Monday, August 13th. Zacks Investment Research upgraded Sunoco from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 15th. Wells Fargo & Co reduced their price objective on Sunoco from $30.00 to $29.00 and set a “market perform” rating for the company in a report on Thursday, September 13th. Finally, TheStreet upgraded Sunoco from a “c+” rating to a “b-” rating in a report on Monday, September 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Sunoco presently has a consensus rating of “Hold” and an average price target of $31.17.
Shares of NYSE:SUN opened at $27.99 on Wednesday. Sunoco has a 1-year low of $24.46 and a 1-year high of $33.11. The company has a quick ratio of 0.67, a current ratio of 1.07 and a debt-to-equity ratio of 2.84. The firm has a market cap of $2.66 billion, a PE ratio of 12.22 and a beta of 0.80.
Sunoco (NYSE:SUN) last issued its quarterly earnings results on Wednesday, August 8th. The oil and gas company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Sunoco had a return on equity of 33.25% and a net margin of 0.86%. The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same period last year, the company earned ($0.59) earnings per share. The company’s revenue was up 59.3% on a year-over-year basis. On average, sell-side analysts predict that Sunoco will post 2.3 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA purchased a new position in Sunoco in the first quarter worth about $120,000. HighPoint Advisor Group LLC purchased a new position in Sunoco in the third quarter worth about $184,000. Winslow Evans & Crocker Inc. purchased a new position in Sunoco in the second quarter worth about $190,000. First Republic Investment Management Inc. purchased a new position in Sunoco in the second quarter worth about $271,000. Finally, Private Advisor Group LLC purchased a new position in Sunoco in the second quarter worth about $313,000. 28.53% of the stock is currently owned by institutional investors and hedge funds.
Sunoco LP, together with its subsidiaries, engages in the wholesale distribution and retail sale of motor fuels primarily in the United States. The company operates through two segments, Wholesale and Retail. It serves convenience stores and commission agent locations, contracted independent convenience store operators, and other commercial customers.
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