Sunoco (NYSE:SUN) Announces Earnings Results

Sunoco (NYSE:SUN) announced its earnings results on Tuesday. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.73), Zacks reports. Sunoco had a net margin of 2.72% and a return on equity of 19.77%.

Sunoco Stock Up 1.3 %

NYSE:SUN opened at $57.38 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74. Sunoco has a twelve month low of $49.45 and a twelve month high of $64.89. The company has a market cap of $8.74 billion, a PE ratio of 13.19 and a beta of 1.36. The company’s 50 day moving average is $53.92 and its two-hundred day moving average is $53.40.

Sunoco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be given a $0.8865 dividend. This is a positive change from Sunoco’s previous quarterly dividend of $0.88. This represents a $3.55 annualized dividend and a dividend yield of 6.18%. The ex-dividend date is Friday, February 7th. Sunoco’s dividend payout ratio (DPR) is presently 80.46%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Barclays raised 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. Finally, Mizuho boosted their price objective on shares of Sunoco from $61.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.43.

Sunoco Company Profile

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.