Sunoco (NYSE:SUN) Price Target Lowered to $61.00 at Barclays

Sunoco (NYSE:SUN) had its price objective dropped by analysts at Barclays from $62.00 to $61.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s price objective suggests a potential upside of 3.14% from the company’s previous close.

Several other research firms also recently issued reports on SUN. Mizuho lifted their price target on shares of Sunoco from $61.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their target price on Sunoco from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.50.

Sunoco Trading Up 0.9 %

Shares of SUN opened at $59.14 on Friday. Sunoco has a 12 month low of $49.45 and a 12 month high of $60.61. The stock’s 50-day moving average is $57.42 and its two-hundred day moving average is $54.49. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.27 and a quick ratio of 0.66. The stock has a market cap of $9.03 billion, a PE ratio of 8.96 and a beta of 1.35.

Sunoco (NYSE:SUN) last released its quarterly earnings results on Tuesday, February 11th. The oil and gas company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.73). Sunoco had a return on equity of 22.52% and a net margin of 3.85%. Equities analysts forecast that Sunoco will post 10.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sunoco

Several hedge funds and other institutional investors have recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Sunoco during the fourth quarter worth approximately $31,000. Independence Bank of Kentucky acquired a new position in Sunoco during the 4th quarter worth $53,000. Steward Partners Investment Advisory LLC grew its stake in shares of Sunoco by 17.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,245 shares of the oil and gas company’s stock worth $64,000 after purchasing an additional 182 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Sunoco by 93.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,633 shares of the oil and gas company’s stock worth $84,000 after purchasing an additional 788 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Sunoco by 90.6% during the fourth quarter. Allworth Financial LP now owns 1,723 shares of the oil and gas company’s stock valued at $95,000 after purchasing an additional 819 shares during the period. Institutional investors and hedge funds 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.