Sunoco LP (NYSE:SUN) has received an average recommendation of “Hold” from the nineteen analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $31.75.
A number of brokerages have recently issued reports on SUN. Jefferies Group LLC restated a “hold” rating and set a $30.00 price objective (up from $29.00) on shares of Sunoco in a research report on Monday, September 11th. UBS Group AG restated a “neutral” rating and set a $30.00 price objective (up from $28.00) on shares of Sunoco in a research report on Monday, August 14th. Royal Bank Of Canada restated a “buy” rating and set a $35.00 price objective on shares of Sunoco in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Sunoco from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Thursday, November 16th. Finally, BidaskClub upgraded Sunoco from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th.
In other Sunoco news, Director Stephen Pearce sold 70,000 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $0.43, for a total value of $30,100.00.
A number of institutional investors have recently made changes to their positions in SUN. BB&T Investment Services Inc. acquired a new stake in Sunoco in the second quarter valued at approximately $100,000. Ffcm LLC acquired a new stake in Sunoco in the second quarter valued at approximately $112,000. The Manufacturers Life Insurance Company grew its stake in Sunoco by 24.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,262 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 1,213 shares during the period. Suntrust Banks Inc. acquired a new stake in Sunoco in the second quarter valued at approximately $235,000. Finally, Raymond James Trust N.A. acquired a new stake in Sunoco in the second quarter valued at approximately $246,000. 26.07% of the stock is owned by hedge funds and other institutional investors.
Sunoco (NYSE SUN) traded up $0.01 during trading on Monday, reaching $30.25. The company’s stock had a trading volume of 174,500 shares, compared to its average volume of 597,517. The company has a quick ratio of 3.75, a current ratio of 4.02 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $3,010.00, a P/E ratio of 17.89 and a beta of 0.58. Sunoco has a 1 year low of $21.01 and a 1 year high of $32.67.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were paid a $0.8255 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $3.30 dividend on an annualized basis and a yield of 10.92%. Sunoco’s dividend payout ratio (DPR) is presently -64.33%.
Sunoco Company Profile
Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.
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