Sunoco LP (NYSE:SUN) – Jefferies Group decreased their Q4 2017 earnings per share (EPS) estimates for shares of Sunoco in a report released on Wednesday. Jefferies Group analyst C. Sighinolfi now anticipates that the oil and gas company will post earnings per share of ($0.14) for the quarter, down from their previous forecast of $0.82. Jefferies Group has a “Neutral” rating on the stock. Jefferies Group also issued estimates for Sunoco’s Q1 2018 earnings at $0.38 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.48 EPS, FY2018 earnings at $1.81 EPS, FY2019 earnings at $2.23 EPS, FY2020 earnings at $1.92 EPS and FY2021 earnings at $1.84 EPS.
Several other equities research analysts have also weighed in on SUN. B. Riley set a $32.00 price target on Sunoco and gave the company a “neutral” rating in a research report on Monday, December 18th. Goldman Sachs Group upgraded Sunoco from a “sell” rating to a “neutral” rating and set a $33.00 price target on the stock in a research report on Monday, December 18th. Royal Bank of Canada restated a “buy” rating and set a $35.00 price target on shares of Sunoco in a research report on Tuesday, October 10th. BidaskClub upgraded Sunoco from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Zacks Investment Research lowered Sunoco from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Sunoco presently has an average rating of “Hold” and an average target price of $32.29.
Shares of Sunoco (NYSE:SUN) opened at $28.46 on Friday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 3.75 and a current ratio of 4.02. Sunoco has a 1 year low of $23.09 and a 1 year high of $32.67. The firm has a market capitalization of $3,291.33, a P/E ratio of -3.56 and a beta of 0.56.
In other Sunoco news, insider Arnold Dodderer sold 2,512 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $28.98, for a total value of $72,797.76. Following the sale, the insider now directly owns 23,923 shares of the company’s stock, valued at $693,288.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen Pearce sold 70,000 shares of the business’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $0.43, for a total value of $30,100.00. Insiders sold 322,512 shares of company stock worth $212,898 over the last three months.
Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Sunoco by 13.6% in the third quarter. JPMorgan Chase & Co. now owns 1,450,389 shares of the oil and gas company’s stock worth $44,440,000 after purchasing an additional 173,588 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Sunoco by 1.4% in the second quarter. Goldman Sachs Group Inc. now owns 1,340,350 shares of the oil and gas company’s stock worth $41,028,000 after purchasing an additional 17,894 shares during the last quarter. Harvest Fund Advisors LLC raised its stake in shares of Sunoco by 26.6% in the third quarter. Harvest Fund Advisors LLC now owns 1,339,519 shares of the oil and gas company’s stock worth $41,659,000 after purchasing an additional 281,414 shares during the last quarter. Northwestern Mutual Investment Management Company LLC purchased a new position in shares of Sunoco in the second quarter worth $5,843,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Sunoco by 25.7% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 131,559 shares of the oil and gas company’s stock worth $4,091,000 after purchasing an additional 26,922 shares during the last quarter. Hedge funds and other institutional investors own 26.32% of the company’s stock.
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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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