Sunoco (NYSE:SUN) Sets New 12-Month High at $64.40

Shares of Sunoco LP (NYSE:SUNGet Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $64.40 and last traded at $64.03, with a volume of 239817 shares traded. The stock had previously closed at $62.46.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Sunoco from $60.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 20th. Citigroup cut Sunoco from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a report on Tuesday, February 27th. StockNews.com cut Sunoco from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Stifel Nicolaus cut Sunoco from a “buy” rating to a “hold” rating and set a $62.00 price objective on the stock. in a research note on Tuesday, February 20th. Finally, Mizuho raised their price objective on Sunoco from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.71.

Get Our Latest Stock Analysis on Sunoco

Sunoco Stock Down 1.1 %

The company has a current ratio of 1.40, a quick ratio of 0.76 and a debt-to-equity ratio of 3.66. The firm has a market cap of $6.40 billion, a PE ratio of 17.44 and a beta of 1.28. The stock has a fifty day simple moving average of $60.17 and a two-hundred day simple moving average of $54.16.

Sunoco (NYSE:SUNGet Free Report) last posted its earnings results on Wednesday, February 14th. The oil and gas company reported ($1.50) earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($2.46). Sunoco had a net margin of 1.71% and a return on equity of 37.91%. The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same period in the previous year, the firm earned $0.42 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, sell-side analysts expect that Sunoco LP will post 4.87 EPS for the current fiscal year.

Sunoco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.842 per share. This represents a $3.37 annualized dividend and a dividend yield of 5.31%. The ex-dividend date was Tuesday, February 6th. Sunoco’s payout ratio is 92.58%.

Institutional Trading of Sunoco

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in Sunoco by 10.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,904,735 shares of the oil and gas company’s stock valued at $174,081,000 after purchasing an additional 275,875 shares during the last quarter. EP Wealth Advisors LLC increased its stake in shares of Sunoco by 44.1% during the fourth quarter. EP Wealth Advisors LLC now owns 7,960 shares of the oil and gas company’s stock valued at $477,000 after buying an additional 2,435 shares during the period. Blackstone Inc. increased its stake in shares of Sunoco by 58.0% during the fourth quarter. Blackstone Inc. now owns 2,387,608 shares of the oil and gas company’s stock valued at $143,089,000 after buying an additional 876,452 shares during the period. Creative Planning increased its stake in shares of Sunoco by 9.4% during the fourth quarter. Creative Planning now owns 19,662 shares of the oil and gas company’s stock valued at $1,178,000 after buying an additional 1,684 shares during the period. Finally, First Financial Bankshares Inc purchased a new position in shares of Sunoco during the fourth quarter valued at approximately $216,000. Institutional investors own 17.62% of the company’s stock.

About Sunoco

(Get Free Report)

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.

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