Sunoco LP (NYSE:SUN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Sunoco LP (NYSE:SUN) have been given a consensus rating of “Moderate Buy” by the eight research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $62.25.

A number of equities analysts have commented on the company. Royal Bank of Canada increased their target price on Sunoco from $60.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. StockNews.com lowered Sunoco from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. increased their price objective on Sunoco from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th.

Sunoco Stock Up 0.6 %

Sunoco stock opened at $54.33 on Wednesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 1.16. The business’s 50-day simple moving average is $52.81 and its two-hundred day simple moving average is $53.53. The company has a market cap of $8.28 billion, a PE ratio of 12.49 and a beta of 1.31. Sunoco has a fifty-two week low of $49.45 and a fifty-two week high of $64.89.

Sunoco (NYSE:SUN) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($0.26) earnings per share (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 analyst estimates of $6.09 billion. Sunoco had a net margin of 2.72% and a return on equity of 19.77%. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period last year, the firm earned $2.95 EPS. Equities analysts anticipate that Sunoco will post 7.16 EPS for the current year.

Sunoco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Friday, November 8th were paid a $0.8756 dividend. This represents a $3.50 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend was Friday, November 8th. Sunoco’s payout ratio is currently 80.46%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Kingsview Wealth Management LLC acquired a new stake in shares of Sunoco during the 1st quarter worth $201,000. Advisors Asset Management Inc. acquired a new stake in shares of Sunoco during the 1st quarter worth $370,000. Keeley Teton Advisors LLC acquired a new stake in shares of Sunoco during the 1st quarter worth $301,000. Energy Income Partners LLC acquired a new stake in shares of Sunoco during the 1st quarter worth $10,494,000. Finally, SVB Wealth LLC acquired a new stake in shares of Sunoco during the 1st quarter worth $248,000. 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.