Sunoco LP (NYSE:SUN) has been given a consensus rating of “Hold” by the fifteen brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $31.88.
Several research firms recently commented on SUN. BMO Capital Markets upgraded Sunoco from an “underperform” rating to a “market perform” rating in a research note on Friday, October 18th. Raymond James upped their target price on Sunoco from $33.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. ValuEngine upgraded Sunoco from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Barclays set a $33.00 price target on Sunoco and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Finally, Mizuho started coverage on Sunoco in a research note on Monday, October 28th. They set a “buy” rating and a $36.00 price target for the company.
In other Sunoco news, insider Arnold Dodderer sold 5,711 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $30.16, for a total transaction of $172,243.76. Following the transaction, the insider now directly owns 46,787 shares in the company, valued at $1,411,095.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Machell Simon purchased 6,305 shares of the stock in a transaction dated Thursday, October 31st. The stock was acquired at an average cost of $13.45 per share, for a total transaction of $84,802.25.
Shares of NYSE SUN traded up $0.33 during trading on Tuesday, reaching $30.54. The company had a trading volume of 25,065 shares, compared to its average volume of 236,026. Sunoco has a twelve month low of $23.80 and a twelve month high of $34.09. The stock has a market capitalization of $2.98 billion, a PE ratio of 11.84 and a beta of 0.78. The stock has a 50-day moving average price of $31.70 and a two-hundred day moving average price of $31.60. The company has a current ratio of 1.21, a quick ratio of 0.69 and a debt-to-equity ratio of 4.70.
Sunoco (NYSE:SUN) last released its earnings results on Wednesday, November 6th. The oil and gas company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.24). The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.41 billion. Sunoco had a net margin of 0.96% and a return on equity of 31.52%. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 earnings per share. On average, sell-side analysts predict that Sunoco will post 2.22 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were given a $0.8255 dividend. The ex-dividend date was Monday, November 4th. This represents a $3.30 annualized dividend and a dividend yield of 10.81%. Sunoco’s dividend payout ratio (DPR) is presently 127.91%.
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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