Sunoco (NYSE:SUN) has been given a $34.00 price objective by stock analysts at Stifel Nicolaus in a report issued on Monday, TipRanks reports. The brokerage currently has a “hold” rating on the oil and gas company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 11.33% from the company’s previous close.
Several other research analysts have also recently weighed in on the company. ValuEngine cut Sunoco from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Barclays cut Sunoco from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $34.00 to $32.00 in a research report on Tuesday, April 16th. Zacks Investment Research cut Sunoco from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. TheStreet raised Sunoco from a “c+” rating to a “b” rating in a research report on Thursday, May 9th. Finally, Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of Sunoco in a research report on Thursday, May 9th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Sunoco has a consensus rating of “Hold” and a consensus price target of $30.80.
SUN stock traded down $0.37 during midday trading on Monday, hitting $30.54. The company’s stock had a trading volume of 51,262 shares, compared to its average volume of 299,758. The company’s 50-day moving average is $32.46. The company has a current ratio of 1.32, a quick ratio of 0.81 and a debt-to-equity ratio of 4.40. Sunoco has a 1 year low of $23.80 and a 1 year high of $34.09. The stock has a market cap of $3.06 billion, a PE ratio of 11.83 and a beta of 0.81.
Hedge funds and other institutional investors have recently modified their holdings of the company. CENTRAL TRUST Co lifted its position in shares of Sunoco by 81.8% during the 1st quarter. CENTRAL TRUST Co now owns 1,000 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 450 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Sunoco during the 2nd quarter valued at $41,000. Tower Research Capital LLC TRC bought a new stake in shares of Sunoco during the 2nd quarter valued at $44,000. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Sunoco by 37.8% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,916 shares of the oil and gas company’s stock valued at $60,000 after purchasing an additional 526 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Sunoco during the 2nd quarter valued at $203,000. 28.89% of the stock is currently owned by hedge funds and other institutional investors.
Sunoco Company Profile
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.
Further Reading: What is the NASDAQ?
Receive News & Ratings for Sunoco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco and related companies with MarketBeat.com's FREE daily email newsletter.