Sunoco (NYSE:SUN) Rating Lowered to “Hold” at Wall Street Zen

Sunoco (NYSE:SUN) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

SUN has been the subject of a number of other research reports. Zacks Research lowered Sunoco from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Raymond James Financial raised Sunoco from an “outperform” rating to a “strong-buy” rating and set a $70.00 target price for the company in a research report on Monday, January 5th. Barclays set a $60.00 target price on Sunoco and gave the stock an “overweight” rating in a report on Friday, February 6th. Weiss Ratings upgraded Sunoco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company set a $65.00 price objective on shares of Sunoco and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Sunoco presently has an average rating of “Buy” and an average target price of $65.60.

Sunoco Trading Up 1.0%

SUN stock opened at $59.50 on Friday. Sunoco has a 12 month low of $47.98 and a 12 month high of $60.62. The firm’s 50-day moving average is $55.56 and its 200 day moving average is $53.38. The company has a market capitalization of $12.17 billion, a PE ratio of 20.31 and a beta of 0.51. The company has a debt-to-equity ratio of 2.33, a current ratio of 3.11 and a quick ratio of 2.50.

Hedge Funds Weigh In On Sunoco

Large investors have recently added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Sunoco in the 3rd quarter valued at about $31,000. Ancora Advisors LLC purchased a new stake in Sunoco during the third quarter valued at approximately $40,000. Cresta Advisors Ltd. acquired a new stake in Sunoco in the fourth quarter valued at approximately $64,000. Bessemer Group Inc. grew its holdings in Sunoco by 41.7% in the second quarter. Bessemer Group Inc. now owns 1,360 shares of the oil and gas company’s stock worth $72,000 after purchasing an additional 400 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Sunoco by 95.9% in the second quarter. Parkside Financial Bank & Trust now owns 1,379 shares of the oil and gas company’s stock worth $74,000 after purchasing an additional 675 shares during the last quarter. 24.29% of the stock is currently owned by institutional investors.

About Sunoco

Sunoco LP (NYSE: SUN) is an independent master limited partnership that specializes in the distribution and marketing of transportation fuels and related products. The company operates through two primary segments: wholesale fuel distribution and retail marketing. In wholesale distribution, Sunoco supplies branded fuels to distributors, commercial customers and resellers across the United States. Its retail marketing arm operates a network of company‐owned and franchised Sunoco branded service stations and convenience stores, providing gasoline, diesel, ethanol blends and lubricants to consumers.

Sunoco’s product portfolio extends beyond traditional fuels to include biofuels, specialty chemicals and on‐road diesel treated to meet ultra‐low sulfur requirements.