Sunoco (NYSE:SUN) Shares Up 3.3%

Sunoco LP (NYSE:SUNGet Free Report)’s stock price was up 3.3% during trading on Tuesday . The company traded as high as $62.93 and last traded at $62.89. Approximately 104,337 shares were traded during trading, a decline of 63% from the average daily volume of 282,801 shares. The stock had previously closed at $60.89.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SUN shares. Barclays boosted their target price on shares of Sunoco from $57.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on Sunoco from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 10th. Raymond James lifted their price objective on Sunoco from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Mizuho upped their target price on shares of Sunoco from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, StockNews.com cut shares of Sunoco from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $54.17.

Check Out Our Latest Research Report on Sunoco

Sunoco Stock Performance

The stock has a market cap of $6.13 billion, a P/E ratio of 10.97 and a beta of 1.29. The stock has a fifty day simple moving average of $56.38 and a 200-day simple moving average of $50.26. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 3.23.

Sunoco (NYSE:SUNGet Free Report) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $1.11 by $1.84. Sunoco had a net margin of 2.38% and a return on equity of 53.87%. The business had revenue of $6.32 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter last year, the firm earned $0.75 EPS. Sunoco’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities analysts expect that Sunoco LP will post 6.1 earnings per share for the current fiscal year.

Sunoco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, October 30th were given a $0.842 dividend. This represents a $3.37 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date of this dividend was Friday, October 27th. Sunoco’s dividend payout ratio is currently 60.61%.

Insider Buying and Selling

In other Sunoco news, insider Arnold Dodderer sold 7,832 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $53.20, for a total value of $416,662.40. Following the completion of the transaction, the insider now directly owns 77,890 shares of the company’s stock, valued at $4,143,748. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Sunoco during the fourth quarter worth $26,000. Steward Partners Investment Advisory LLC bought a new position in shares of Sunoco during the first quarter worth about $26,000. Compass Wealth Management LLC grew its stake in shares of Sunoco by 60.0% during the 3rd quarter. Compass Wealth Management LLC now owns 800 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 300 shares in the last quarter. Harbour Investments Inc. grew its stake in Sunoco by 62.7% in the first quarter. Harbour Investments Inc. now owns 965 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 372 shares in the last quarter. Finally, ICA Group Wealth Management LLC acquired a new position in shares of Sunoco during the 4th quarter worth approximately $43,000. Institutional investors own 17.62% of the company’s stock.

Sunoco Company Profile

(Get Free Report)

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates in two segments, Fuel Distribution and Marketing, and All Other. The company's Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel to commission agent locations.

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