Sunoco LP (NYSE:SUN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Sunoco LP (NYSE:SUN) have earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $62.25.

SUN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on Sunoco from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th. Royal Bank of Canada increased their price target on Sunoco from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, StockNews.com downgraded Sunoco from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Sunoco Stock Down 0.3 %

NYSE SUN opened at $54.18 on Wednesday. Sunoco has a 12 month low of $49.45 and a 12 month high of $64.89. The company has a current ratio of 1.16, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74. The stock has a market cap of $8.26 billion, a PE ratio of 12.46 and a beta of 1.31. The stock’s 50 day moving average is $52.80 and its 200 day moving average is $53.52.

Sunoco (NYSE:SUN) last released its earnings results on Wednesday, November 6th. The oil and gas company reported ($0.26) EPS for the quarter, missing the consensus estimate 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 return on equity of 19.77% and a net margin of 2.72%. Sunoco’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period last year, the firm posted $2.95 EPS. Research analysts predict that Sunoco will post 7.16 EPS for the current fiscal year.

Sunoco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were issued a $0.8756 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date of this dividend was Friday, November 8th. Sunoco’s dividend payout ratio (DPR) is 80.46%.

Institutional Trading of Sunoco

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Longfellow Investment Management Co. LLC purchased a new position in Sunoco during the second quarter worth $32,000. First Horizon Advisors Inc. bought a new stake in shares of Sunoco in the 2nd quarter worth about $38,000. Redwood Wealth Management Group LLC purchased a new position in shares of Sunoco during the 2nd quarter worth about $46,000. HHM Wealth Advisors LLC bought a new position in Sunoco during the 2nd quarter valued at about $93,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Sunoco in the 3rd quarter worth about $165,000. Hedge funds and other institutional investors own 24.29% of the company’s stock.

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.