Sunoco LP (NYSE:SUN) Receives $66.17 Average PT from Analysts

Shares of Sunoco LP (NYSE:SUN) have earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $66.1667.

Several analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Sunoco from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Stifel Nicolaus raised their price target on Sunoco from $61.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Weiss Ratings lowered Sunoco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 23rd. Barclays set a $63.00 target price on Sunoco in a report on Friday, February 20th. Finally, Zacks Research downgraded shares of Sunoco from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Kingsview Wealth Management LLC lifted its holdings in Sunoco by 2.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 9,720 shares of the oil and gas company’s stock worth $509,000 after buying an additional 205 shares in the last quarter. Quadrant Private Wealth Management LLC raised its position in shares of Sunoco by 5.2% during the third quarter. Quadrant Private Wealth Management LLC now owns 4,249 shares of the oil and gas company’s stock worth $212,000 after acquiring an additional 209 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of Sunoco by 2.1% during the second quarter. IHT Wealth Management LLC now owns 10,302 shares of the oil and gas company’s stock valued at $552,000 after acquiring an additional 212 shares during the period. Uhlmann Price Securities LLC boosted its holdings in Sunoco by 2.8% in the third quarter. Uhlmann Price Securities LLC now owns 9,036 shares of the oil and gas company’s stock valued at $452,000 after acquiring an additional 250 shares during the last quarter. Finally, Glenmede Investment Management LP increased its position in Sunoco by 0.7% in the third quarter. Glenmede Investment Management LP now owns 39,088 shares of the oil and gas company’s stock worth $1,955,000 after purchasing an additional 288 shares during the period. Institutional investors own 24.29% of the company’s stock.

Sunoco Stock Performance

Sunoco stock opened at $63.30 on Friday. The firm has a market capitalization of $12.96 billion, a P/E ratio of 27.88 and a beta of 0.49. The stock has a fifty day moving average price of $58.63 and a two-hundred day moving average price of $54.47. Sunoco has a 52-week low of $47.98 and a 52-week high of $65.24. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.38 and a quick ratio of 0.78.

Sunoco (NYSE:SUN) last issued its earnings results on Tuesday, February 17th. The oil and gas company reported $0.09 EPS for the quarter, missing the consensus estimate of $1.64 by ($1.55). The firm had revenue of $8.60 billion during the quarter, compared to analyst estimates of $9.65 billion. Sunoco had a net margin of 2.01% and a return on equity of 10.76%. The firm’s revenue for the quarter was up 63.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS. As a group, analysts anticipate that Sunoco will post 10.65 EPS for the current fiscal year.

Sunoco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Friday, February 6th were paid a $0.9317 dividend. This is a boost from Sunoco’s previous quarterly dividend of $0.92. This represents a $3.73 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Friday, February 6th. Sunoco’s payout ratio is presently 164.32%.

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.