Sunoco LP (NYSE:SUN) Receives $62.43 Consensus PT from Analysts

Sunoco LP (NYSE:SUN) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $63.43.

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on Sunoco from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Mizuho raised their target price on Sunoco from $61.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Finally, Barclays increased their price target on shares of Sunoco from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th.

Sunoco Trading Down 2.7 %

NYSE SUN opened at $56.31 on Monday. The company has a quick ratio of 0.66, a current ratio of 1.16 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $8.58 billion, a P/E ratio of 12.94 and a beta of 1.36. Sunoco has a 52-week low of $49.45 and a 52-week high of $64.89. The firm has a 50-day moving average price of $53.91 and a 200 day moving average price of $53.37.

Sunoco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.8865 per share. This represents a $3.55 annualized dividend and a dividend yield of 6.30%. The ex-dividend date of this dividend is Friday, February 7th. This is an increase from Sunoco’s previous quarterly dividend of $0.88. Sunoco’s payout ratio is 81.38%.

Institutional Investors Weigh In On Sunoco

A number of large investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC raised its position in shares of Sunoco by 17.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,245 shares of the oil and gas company’s stock worth $64,000 after purchasing an additional 182 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Sunoco by 1.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 10,637 shares of the oil and gas company’s stock valued at $570,000 after acquiring an additional 190 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Sunoco by 0.8% in the third quarter. Stifel Financial Corp now owns 25,251 shares of the oil and gas company’s stock valued at $1,355,000 after acquiring an additional 194 shares in the last quarter. Tyche Wealth Partners LLC increased its position in Sunoco by 5.4% during the 3rd quarter. Tyche Wealth Partners LLC now owns 3,905 shares of the oil and gas company’s stock worth $210,000 after purchasing an additional 200 shares in the last quarter. Finally, World Investment Advisors LLC increased its position in Sunoco by 5.6% during the 3rd quarter. World Investment Advisors LLC now owns 3,800 shares of the oil and gas company’s stock worth $204,000 after purchasing an additional 200 shares in the last quarter. 24.29% of the stock is owned by institutional investors and hedge funds.

About Sunoco

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates through two segments: Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel, as well as other petroleum products, such as propane and lubricating oil from independent refiners and oil companies and supplies it to company-operated retail stores, independently operated commission agents, and retail stores, as well as other commercial customers, including unbranded retail stores, other fuel distributors, school districts, municipalities, and other industrial customers.