Sunoco (SUN) Earning Somewhat Favorable Media Coverage, Study Shows

News coverage about Sunoco (NYSE:SUN) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Sunoco earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 47.2240086964221 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several research analysts have commented on the company. BidaskClub downgraded Sunoco from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Mizuho restated a “sell” rating and set a $29.00 price objective on shares of Sunoco in a report on Friday, October 20th. Zacks Investment Research upgraded Sunoco from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Thursday, November 16th. Mitsubishi UFJ Financial Group restated an “underweight” rating on shares of Sunoco in a report on Thursday, November 9th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $35.00 price objective on shares of Sunoco in a report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $31.50.

Shares of Sunoco (NYSE:SUN) traded down $0.30 during trading on Tuesday, hitting $30.24. The company had a trading volume of 327,347 shares, compared to its average volume of 599,397. The company has a current ratio of 4.02, a quick ratio of 3.75 and a debt-to-equity ratio of 2.28. Sunoco has a 1 year low of $21.01 and a 1 year high of $32.67. The stock has a market cap of $3,010.00, a price-to-earnings ratio of 18.03 and a beta of 0.58.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were paid a $0.8255 dividend. The ex-dividend date was Monday, November 6th. This represents a $3.30 annualized dividend and a dividend yield of 10.92%. Sunoco’s dividend payout ratio is presently -64.33%.

In related news, Director Stephen Pearce sold 250,000 shares of Sunoco stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $0.44, for a total value of $110,000.00.

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Sunoco Company Profile

Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.

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