Shares of Sunoco LP (NYSE:SUN) have earned an average recommendation of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $30.00.
Several research firms have recently issued reports on SUN. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Sunoco in a report on Thursday, May 9th. TheStreet upgraded shares of Sunoco from a “c+” rating to a “b” rating in a report on Thursday, May 9th. Zacks Investment Research lowered shares of Sunoco from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Barclays lowered shares of Sunoco from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $34.00 to $32.00 in a report on Tuesday, April 16th. Finally, ValuEngine upgraded shares of Sunoco from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th.
NYSE SUN traded down $0.34 during midday trading on Tuesday, hitting $30.78. 111,380 shares of the company traded hands, compared to its average volume of 292,363. The company has a current ratio of 1.32, a quick ratio of 0.81 and a debt-to-equity ratio of 4.40. The stock has a market capitalization of $3.09 billion, a P/E ratio of 11.93 and a beta of 0.77. The firm has a 50-day simple moving average of $30.54. Sunoco has a 52 week low of $23.80 and a 52 week high of $31.88.
Sunoco (NYSE:SUN) last announced its earnings results on Wednesday, May 8th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Sunoco had a return on equity of 38.68% and a net margin of 1.28%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned ($3.74) EPS. As a group, research analysts anticipate that Sunoco will post 2.73 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. lifted its holdings in Sunoco by 3.1% during the first quarter. OppenheimerFunds Inc. now owns 15,627,067 shares of the oil and gas company’s stock valued at $486,940,000 after purchasing an additional 463,585 shares during the last quarter. BlackRock Inc. lifted its holdings in Sunoco by 53.2% during the fourth quarter. BlackRock Inc. now owns 575,604 shares of the oil and gas company’s stock valued at $15,651,000 after purchasing an additional 200,000 shares during the last quarter. Intrinsic Edge Capital Management LLC lifted its holdings in Sunoco by 216.8% during the fourth quarter. Intrinsic Edge Capital Management LLC now owns 475,178 shares of the oil and gas company’s stock valued at $12,920,000 after purchasing an additional 325,178 shares during the last quarter. Bank of Montreal Can lifted its holdings in Sunoco by 158.9% during the first quarter. Bank of Montreal Can now owns 433,596 shares of the oil and gas company’s stock valued at $13,511,000 after purchasing an additional 266,134 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Sunoco during the fourth quarter valued at about $3,842,000. Institutional investors own 28.86% 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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