Sunoco LP (NYSE:SUN) Receives $63.83 Consensus Target Price from Brokerages

Shares of Sunoco LP (NYSE:SUN) have been given a consensus rating of “Buy” by the six brokerages that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have covered the stock in the last year is $63.83.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. State of Wyoming purchased a new stake in Sunoco in the fourth quarter worth about $102,000. Recurrent Investment Advisors LLC boosted its position in shares of Sunoco by 2.9% in the 4th quarter. Recurrent Investment Advisors LLC now owns 888,862 shares of the oil and gas company’s stock worth $45,723,000 after purchasing an additional 24,686 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Sunoco by 5.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,608,701 shares of the oil and gas company’s stock worth $134,192,000 after buying an additional 128,042 shares during the last quarter. Cresset Asset Management LLC increased its position in Sunoco by 58.8% during the 4th quarter. Cresset Asset Management LLC now owns 11,097 shares of the oil and gas company’s stock valued at $571,000 after buying an additional 4,109 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Sunoco by 2.8% during the fourth quarter. Cetera Investment Advisers now owns 33,599 shares of the oil and gas company’s stock valued at $1,728,000 after buying an additional 916 shares during the last quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

Sunoco Trading Down 1.2 %

NYSE:SUN opened at $58.00 on Friday. The firm has a market capitalization of $8.85 billion, a P/E ratio of 8.79 and a beta of 1.36. The company has a quick ratio of 0.66, a current ratio of 1.27 and a debt-to-equity ratio of 1.84. The company has a fifty day moving average of $55.27 and a 200 day moving average of $53.89. Sunoco has a 52 week low of $49.45 and a 52 week high of $64.89.

Sunoco (NYSE:SUN) last issued its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.73). Sunoco had a net margin of 3.85% and a return on equity of 22.52%. On average, research analysts predict that Sunoco will post 10.65 earnings per share for the current year.

Sunoco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were issued a $0.8865 dividend. This is an increase from Sunoco’s previous quarterly dividend of $0.88. The ex-dividend date was Friday, February 7th. This represents a $3.55 dividend on an annualized basis and a yield of 6.11%. Sunoco’s dividend payout ratio is 53.64%.

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.