Sunoco LP (NYSE:SUN) Receives $62.75 Consensus Price Target from Analysts

Shares of Sunoco LP (NYSE:SUN) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $62.75.

Several research analysts recently weighed in on SUN shares. Royal Bank of Canada boosted their price target on shares of Sunoco from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Barclays boosted their target price on Sunoco from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th.

Sunoco Stock Performance

Shares of Sunoco stock opened at $51.73 on Thursday. Sunoco has a 52 week low of $49.45 and a 52 week high of $64.89. The company has a quick ratio of 0.66, a current ratio of 1.16 and a debt-to-equity ratio of 1.74. The business has a 50 day moving average price of $52.92 and a 200-day moving average price of $53.51. The company has a market cap of $7.88 billion, a PE ratio of 11.89 and a beta of 1.36.

Sunoco (NYSE:SUN) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($1.79). The company had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $6.09 billion. Sunoco had a net margin of 2.72% and a return on equity of 19.77%. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.95 earnings per share. Equities analysts anticipate that Sunoco will post 7.16 earnings per share for the current fiscal year.

Sunoco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Friday, November 8th were issued a $0.8756 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 6.77%. Sunoco’s dividend payout ratio (DPR) is presently 80.46%.

Hedge Funds Weigh In On Sunoco

Several institutional investors and hedge funds have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. raised its holdings in Sunoco by 1.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 10,637 shares of the oil and gas company’s stock valued at $570,000 after acquiring an additional 190 shares during the period. Stifel Financial Corp increased its holdings in Sunoco by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 25,251 shares of the oil and gas company’s stock worth $1,355,000 after acquiring an additional 194 shares during the period. Tyche Wealth Partners LLC raised its position in shares of Sunoco by 5.4% in the third quarter. Tyche Wealth Partners LLC now owns 3,905 shares of the oil and gas company’s stock worth $210,000 after buying an additional 200 shares in the last quarter. World Investment Advisors LLC boosted its stake in Sunoco by 5.6% during the third quarter. World Investment Advisors LLC now owns 3,800 shares of the oil and gas company’s stock valued at $204,000 after buying an additional 200 shares during the period. Finally, Wedbush Securities Inc. grew its position in Sunoco by 2.1% during the second quarter. Wedbush Securities Inc. now owns 10,553 shares of the oil and gas company’s stock worth $597,000 after buying an additional 218 shares in the last quarter. 24.29% of the stock is owned by institutional investors.

Sunoco Company Profile

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.