Sunoco (NYSE:SUN) Price Target Lowered to $61.00 at Barclays

Sunoco (NYSE:SUN) had its target price decreased by Barclays from $62.00 to $61.00 in a report released on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the oil and gas company’s stock.

Other equities analysts also recently issued research reports about the company. Mizuho lifted their price target on Sunoco from $61.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their target price on Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Sunoco has a consensus rating of “Moderate Buy” and an average target price of $63.50.

Sunoco Price Performance

Shares of SUN opened at $59.14 on Friday. The business’s fifty day moving average is $57.42 and its 200 day moving average is $54.47. Sunoco has a 12-month low of $49.45 and a 12-month high of $60.61. 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 stock has a market cap of $9.03 billion, a P/E ratio of 8.96 and a beta of 1.35.

Sunoco (NYSE:SUN) last released its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.73). Sunoco had a net margin of 3.85% and a return on equity of 22.52%. Sell-side analysts anticipate that Sunoco will post 10.65 earnings per share for the current fiscal year.

Sunoco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were issued a dividend of $0.8865 per share. This is a positive change from Sunoco’s previous quarterly dividend of $0.88. This represents a $3.55 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date of this dividend was Friday, February 7th. Sunoco’s dividend payout ratio (DPR) is 53.64%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in Sunoco by 13.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,983 shares of the oil and gas company’s stock valued at $256,000 after acquiring an additional 592 shares during the last quarter. State of Wyoming purchased a new position in Sunoco in the fourth quarter valued at approximately $102,000. Recurrent Investment Advisors LLC grew its holdings in Sunoco by 2.9% during the fourth quarter. Recurrent Investment Advisors LLC now owns 888,862 shares of the oil and gas company’s stock valued at $45,723,000 after purchasing an additional 24,686 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Sunoco by 5.2% in the fourth 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. Finally, Cresset Asset Management LLC raised its stake in shares of Sunoco by 58.8% in the fourth 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 during the period. Institutional investors own 24.29% of the company’s stock.

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.