Sunoco LP (NYSE:SUN) Receives Consensus Rating of “Hold” from Analysts

Shares of Sunoco LP (NYSE:SUN) have been assigned an average rating of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $30.63.

SUN has been the subject of a number of recent analyst reports. TheStreet cut shares of Trade Desk from a “b-” rating to a “c-” rating in a research report on Thursday, May 9th. Zacks Investment Research upgraded shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Monday, April 29th. Stifel Nicolaus reiterated a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a research report on Friday. Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of Sunoco in a research report on Thursday, May 9th. Finally, Barclays set a €45.00 ($52.33) target price on shares of Zalando and gave the stock a “buy” rating in a research report on Tuesday, April 16th.

Shares of NYSE:SUN traded up $0.47 during midday trading on Friday, reaching $33.39. 257,688 shares of the company’s stock were exchanged, compared to its average volume of 249,212. The business has a 50 day moving average price of $31.52. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 12.94 and a beta of 0.77. Sunoco has a 12 month low of $23.80 and a 12 month high of $33.96. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.32 and a quick ratio of 0.81.

Sunoco (NYSE:SUN) last released its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. Sunoco had a net margin of 1.28% and a return on equity of 38.68%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned ($3.74) EPS. As a group, equities research analysts expect that Sunoco will post 2.6 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. OppenheimerFunds Inc. increased its position in Sunoco by 3.1% in the 1st quarter. OppenheimerFunds Inc. now owns 15,627,067 shares of the oil and gas company’s stock valued at $486,940,000 after acquiring an additional 463,585 shares in the last quarter. BlackRock Inc. increased its position in Sunoco by 53.2% in the 4th quarter. BlackRock Inc. now owns 575,604 shares of the oil and gas company’s stock valued at $15,651,000 after acquiring an additional 200,000 shares in the last quarter. Bank of Montreal Can increased its position in Sunoco by 158.9% in the 1st quarter. Bank of Montreal Can now owns 433,596 shares of the oil and gas company’s stock valued at $13,511,000 after acquiring an additional 266,134 shares in the last quarter. Adams Asset Advisors LLC increased its position in Sunoco by 0.7% in the 2nd quarter. Adams Asset Advisors LLC now owns 235,096 shares of the oil and gas company’s stock valued at $7,353,000 after acquiring an additional 1,705 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Sunoco in the 4th quarter valued at about $3,842,000. Hedge funds and other institutional investors own 28.86% of the company’s stock.

About Sunoco

Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations.

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Analyst Recommendations for Sunoco (NYSE:SUN)

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