Sunoco (NYSE:SUN) Stock Price Up 4.7%

Sunoco LP (NYSE:SUN)’s stock price traded up 4.7% during trading on Wednesday . The company traded as high as $53.90 and last traded at $53.53. 524,081 shares were traded during trading, an increase of 14% from the average session volume of 461,702 shares. The stock had previously closed at $51.13.

Analyst Ratings Changes

SUN has been the topic of several recent research reports. Wells Fargo & Company raised their target price on shares of Sunoco from $60.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 20th. Citigroup downgraded shares of Sunoco from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research report on Tuesday, February 27th. Raymond James increased their price target on shares of Sunoco from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Mizuho increased their price target on shares of Sunoco from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Finally, StockNews.com downgraded shares of Sunoco from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.71.

Sunoco Stock Up 2.1 %

The company has a market capitalization of $5.60 billion, a P/E ratio of 15.24 and a beta of 1.27. The firm’s 50 day moving average price is $60.12 and its two-hundred day moving average price is $56.82. The company has a current ratio of 1.40, a quick ratio of 0.76 and a debt-to-equity ratio of 3.66.

Sunoco (NYSE:SUN) last issued its quarterly earnings results on Wednesday, February 14th. The oil and gas company reported ($1.50) earnings per share for the quarter, missing the consensus estimate of $0.96 by ($2.46). The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sunoco had a return on equity of 37.91% and a net margin of 1.71%. Sunoco’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 earnings per share. Equities research analysts forecast that Sunoco LP will post 4.99 EPS for the current year.

Sunoco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.842 per share. This represents a $3.37 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend was Tuesday, February 6th. Sunoco’s dividend payout ratio is currently 92.31%.

Institutional Investors Weigh In On Sunoco

Hedge funds and other institutional investors have recently modified their holdings of the company. Norden Group LLC acquired a new position in Sunoco in the first quarter valued at about $334,000. Register Financial Advisors LLC acquired a new position in Sunoco in the first quarter valued at about $55,000. Brookstone Capital Management raised its stake in Sunoco by 6.7% in the first quarter. Brookstone Capital Management now owns 10,684 shares of the oil and gas company’s stock valued at $644,000 after purchasing an additional 671 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in Sunoco in the first quarter valued at about $682,000. Finally, F&V Capital Management LLC raised its stake in Sunoco by 10.0% in the first quarter. F&V Capital Management LLC now owns 8,250 shares of the oil and gas company’s stock valued at $497,000 after purchasing an additional 750 shares in the last quarter. Institutional investors and hedge funds own 24.29% of the company’s stock.

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.