1 week Ago By ABMN Staff
Shares of Sunoco LP ( NYSE:SUN – Get Free Report ) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company.
The average 12 month price objective among brokers that have issued a report on the stock in the last year is $62.14. A number of brokerages have commented on SUN.
Citigroup upgraded shares of Sunoco from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Tuesday, June 18th. StockNews.
com cut shares of Sunoco from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Stifel Nicolaus upgraded shares of Sunoco from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Friday, June 7th.
Barclays cut their price target on shares of Sunoco from $61.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th.
Finally, Mizuho upgraded shares of Sunoco from a “neutral” rating to a “buy” rating and cut their price target for the stock from $60.00 to $59.00 in a research note on Tuesday, June 4th.
Get Our Latest Stock Report on SUN Sunoco Stock Down 1.1 % Sunoco ( NYSE:SUN – Get Free Report ) last released its earnings results on Wednesday, August 7th. The oil and gas company reported $3.
85 earnings per share for the quarter, beating the consensus estimate of $1.23 by $2.62.
Sunoco had a net margin of 3.80% and a return on equity of 41.76%.
The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $5.63 billion.
During the same quarter last year, the company earned $0.78 earnings per share. The firm’s revenue was up 7.
5% on a year-over-year basis. On average, research analysts forecast that Sunoco will post 7.01 EPS for the current year.
Sunoco Cuts Dividend The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 9th were paid a $0.8756 dividend.
This represents a $3.50 dividend on an annualized basis and a dividend yield of 6.75%.
The ex-dividend date of this dividend was Friday, August 9th. Sunoco’s dividend payout ratio (DPR) is currently 77.95%.
Institutional Inflows and Outflows A number of institutional investors have recently modified their holdings of SUN. Principal Securities Inc. acquired a new stake in shares of Sunoco in the fourth quarter valued at approximately $27,000.
ICA Group Wealth Management LLC acquired a new stake in shares of Sunoco in the fourth quarter valued at approximately $30,000. CNB Bank acquired a new stake in shares of Sunoco in the first quarter valued at approximately $30,000. Longfellow Investment Management Co.
LLC acquired a new stake in shares of Sunoco in the second quarter valued at approximately $32,000. Finally, First Horizon Advisors Inc. acquired a new stake in shares of Sunoco in the second quarter valued at approximately $38,000.
Institutional investors own 24.29% of the company’s stock. About Sunoco ( Get Free Report 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. Recommended Stories Receive News & Ratings for Sunoco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco and related companies with MarketBeat.
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