Sunoco LP (NYSE:SUN) Given Average Recommendation of “Hold” by Analysts

Shares of Sunoco LP (NYSE:SUN) have earned an average recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $62.71.

A number of brokerages have commented on SUN. StockNews.com downgraded shares of Sunoco from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Mizuho increased their price objective on shares of Sunoco from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Wells Fargo & Company increased their price objective on shares of Sunoco from $60.00 to $61.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 20th. Stifel Nicolaus downgraded shares of Sunoco from a “buy” rating to a “hold” rating and set a $62.00 price objective on the stock. in a research report on Tuesday, February 20th. Finally, Barclays increased their price objective on shares of Sunoco from $57.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th.

Insider Activity at Sunoco

In related news, Director David K. Skidmore bought 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were purchased at an average cost of $52.10 per share, with a total value of $78,150.00. Following the transaction, the director now directly owns 14,608 shares of the company’s stock, valued at approximately $761,076.80. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SUN. Principal Securities Inc. purchased a new position in Sunoco during the 4th quarter worth $27,000. ICA Group Wealth Management LLC purchased a new position in Sunoco during the 4th quarter worth $30,000. CNB Bank purchased a new position in Sunoco during the 1st quarter worth $30,000. Compass Wealth Management LLC grew its position in Sunoco by 60.0% during the 3rd quarter. Compass Wealth Management LLC now owns 800 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 300 shares during the last quarter. Finally, Allworth Financial LP grew its position in Sunoco by 250.0% during the 4th quarter. Allworth Financial LP now owns 700 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 500 shares during the last quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

Sunoco Stock Up 1.1 %

Shares of NYSE SUN opened at $55.89 on Friday. The stock has a market cap of $5.64 billion, a P/E ratio of 15.35 and a beta of 1.29. The business’s fifty day simple moving average is $58.99 and its 200-day simple moving average is $57.32. Sunoco has a 12-month low of $41.95 and a 12-month high of $64.89. The company has a current ratio of 1.40, a quick ratio of 0.76 and a debt-to-equity ratio of 3.66.

Sunoco (NYSE:SUN) last announced its quarterly earnings data on Wednesday, February 14th. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($2.46). Sunoco had a net margin of 1.71% and a return on equity of 37.91%. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the previous year, the business posted $0.42 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, equities analysts predict that Sunoco will post 5.07 EPS for the current fiscal year.

About Sunoco

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates through two segments: Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel, as well as other petroleum products, such as propane and lubricating oil from independent refiners and oil companies and supplies it to company-operated retail stores, independently operated commission agents, and retail stores, as well as other commercial customers, including unbranded retail stores, other fuel distributors, school districts, municipalities, and other industrial customers.