Sunoco LP (NYSE:SUN) Receives Average Rating of “Hold” from Brokerages

Shares of Sunoco LP (NYSE:SUNGet Rating) have been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $44.75.

Several brokerages have recently commented on SUN. Mizuho raised their target price on Sunoco from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 17th. Citigroup raised Sunoco from a “neutral” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Wednesday, February 23rd. Zacks Investment Research cut Sunoco from a “strong-buy” rating to a “hold” rating and set a $45.00 target price for the company. in a research report on Tuesday, April 19th. StockNews.com began coverage on Sunoco in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Wells Fargo & Company raised their target price on Sunoco from $40.00 to $43.00 in a research report on Monday, February 28th.

SUN opened at $41.70 on Friday. The firm has a market cap of $4.18 billion, a PE ratio of 6.95 and a beta of 1.53. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 3.90. The business has a fifty day simple moving average of $41.47 and a 200-day simple moving average of $41.36. Sunoco has a fifty-two week low of $34.61 and a fifty-two week high of $46.95.

Sunoco (NYSE:SUNGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The oil and gas company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $0.88 by $1.44. The business had revenue of $5.40 billion during the quarter, compared to analyst estimates of $4.50 billion. Sunoco had a return on equity of 70.31% and a net margin of 3.00%. The company’s revenue was up 55.6% compared to the same quarter last year. During the same period last year, the company posted $1.60 EPS. On average, equities research analysts anticipate that Sunoco will post 6.66 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 19th. Shareholders of record on Monday, May 9th were issued a dividend of $0.8255 per share. The ex-dividend date was Friday, May 6th. This represents a $3.30 annualized dividend and a yield of 7.92%. Sunoco’s dividend payout ratio (DPR) is currently 55.00%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. NEXT Financial Group Inc raised its holdings in Sunoco by 103.1% during the fourth quarter. NEXT Financial Group Inc now owns 928 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 471 shares in the last quarter. Captrust Financial Advisors raised its holdings in Sunoco by 60.3% during the first quarter. Captrust Financial Advisors now owns 2,549 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 959 shares in the last quarter. Newbridge Financial Services Group Inc. raised its holdings in Sunoco by 82.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,691 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 1,220 shares in the last quarter. Centaurus Financial Inc. bought a new position in Sunoco during the fourth quarter valued at about $128,000. Finally, Salem Investment Counselors Inc. increased its stake in shares of Sunoco by 178.3% in the fourth quarter. Salem Investment Counselors Inc. now owns 3,724 shares of the oil and gas company’s stock worth $152,000 after purchasing an additional 2,386 shares during the period. Institutional investors own 17.25% of the company’s stock.

Sunoco Company Profile (Get Rating)

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates in two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and 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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