Jefferies Group Reiterates Neutral Rating for Sunoco (SUN)

Sunoco (NYSE:SUN)‘s stock had its “neutral” rating reiterated by research analysts at Jefferies Group in a report released on Wednesday.

SUN has been the topic of several other research reports. Mitsubishi UFJ Financial Group reiterated an “underweight” rating on shares of Sunoco in a report on Thursday, November 9th. Robert W. Baird reiterated a “buy” rating and issued a $36.00 price target on shares of Sunoco in a report on Friday, November 10th. Mizuho reiterated a “sell” rating and issued a $29.00 price target on shares of Sunoco in a report on Friday, October 20th. BidaskClub upgraded Sunoco from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 price target (up previously from $32.00) on shares of Sunoco in a report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Sunoco has an average rating of “Hold” and an average target price of $32.29.

Shares of Sunoco (SUN) opened at $28.35 on Wednesday. Sunoco has a 52-week low of $23.09 and a 52-week high of $32.67. The company has a debt-to-equity ratio of 2.28, a quick ratio of 3.75 and a current ratio of 4.02. The company has a market capitalization of $3,282.06, a PE ratio of 16.76 and a beta of 0.56.

In other news, insider Arnold Dodderer sold 2,512 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $28.98, for a total value of $72,797.76. Following the transaction, the insider now owns 23,923 shares in the company, valued at $693,288.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen Pearce sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $0.44, for a total value of $110,000.00. Insiders sold 322,512 shares of company stock worth $212,898 in the last 90 days.

Several hedge funds have recently bought and sold shares of SUN. BB&T Investment Services Inc. purchased a new stake in shares of Sunoco during the second quarter valued at approximately $100,000. Ffcm LLC purchased a new stake in shares of Sunoco during the second quarter valued at approximately $112,000. The Manufacturers Life Insurance Company increased its position in shares of Sunoco by 24.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,262 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 1,213 shares during the last quarter. Suntrust Banks Inc. purchased a new stake in shares of Sunoco during the second quarter valued at approximately $235,000. Finally, Raymond James Trust N.A. purchased a new stake in shares of Sunoco during the second quarter valued at approximately $246,000. Institutional investors own 26.32% of the company’s stock.

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About Sunoco

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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