Several other analysts have also recently commented on the company. Stifel Nicolaus set a $34.00 target price on Sunoco and gave the stock a hold rating in a research report on Monday, August 12th. Raymond James decreased their target price on Sunoco from $35.00 to $33.00 and set an outperform rating for the company in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Sunoco has an average rating of Hold and a consensus price target of $31.00.
Shares of SUN traded up $0.15 during trading hours on Wednesday, hitting $31.25. 102,257 shares of the company were exchanged, compared to its average volume of 284,245. The company has a market capitalization of $3.10 billion, a PE ratio of 12.11 and a beta of 0.77. The company has a debt-to-equity ratio of 4.51, a current ratio of 1.24 and a quick ratio of 0.78. The firm has a fifty day simple moving average of $31.20 and a 200-day simple moving average of $31.26. Sunoco has a one year low of $23.80 and a one year high of $34.09.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Griffin Asset Management Inc. acquired a new stake in Sunoco during the second quarter valued at $33,000. Steward Partners Investment Advisory LLC acquired a new stake in Sunoco during the second quarter valued at $41,000. Tower Research Capital LLC TRC acquired a new stake in Sunoco during the second quarter valued at $44,000. Stonebridge Capital Advisors LLC acquired a new stake in Sunoco during the second quarter valued at $59,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Sunoco during the second quarter valued at $203,000. 28.67% of the stock is owned by hedge funds and other institutional investors.
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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