Barclays Issues Positive Forecast for Sunoco (NYSE:SUN) Stock Price

Sunoco (NYSE:SUN) had its target price lifted by Barclays from $60.00 to $63.00 in a report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the oil and gas company’s stock.

Several other research analysts also recently issued reports on SUN. JPMorgan Chase & Co. upped their price objective on Sunoco from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Royal Bank of Canada upped their price target on Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.75.

Sunoco Stock Performance

Shares of NYSE:SUN opened at $53.41 on Tuesday. The business has a fifty day moving average of $53.12 and a 200-day moving average of $53.70. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 1.16. Sunoco has a twelve month low of $49.45 and a twelve month high of $64.89. The firm has a market cap of $8.14 billion, a PE ratio of 12.28 and a beta of 1.34.

Sunoco (NYSE:SUN) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $1.53 by ($1.79). Sunoco had a net margin of 2.72% and a return on equity of 19.77%. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the previous year, the business posted $2.95 EPS. The company’s revenue was down 9.0% compared to the same quarter last year. On average, equities research analysts predict that Sunoco will post 7.16 EPS for the current fiscal year.

Sunoco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th were paid a $0.8756 dividend. This represents a $3.50 annualized dividend and a yield of 6.56%. The ex-dividend date of this dividend was Friday, November 8th. Sunoco’s payout ratio is 80.46%.

Institutional Trading of Sunoco

A number of institutional investors and hedge funds have recently modified their holdings of SUN. Cetera Advisors LLC boosted its stake in Sunoco by 110.1% during the 1st quarter. Cetera Advisors LLC now owns 7,745 shares of the oil and gas company’s stock worth $467,000 after acquiring an additional 4,058 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Sunoco by 16.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,902 shares of the oil and gas company’s stock worth $221,000 after purchasing an additional 564 shares in the last quarter. Whitener Capital Management Inc. acquired a new position in shares of Sunoco in the 2nd quarter valued at $269,000. Mcdonald Partners LLC increased its position in shares of Sunoco by 2.6% in the 2nd quarter. Mcdonald Partners LLC now owns 15,388 shares of the oil and gas company’s stock valued at $870,000 after buying an additional 388 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its stake in Sunoco by 3.3% during the 2nd quarter. Apollon Wealth Management LLC now owns 44,013 shares of the oil and gas company’s stock worth $2,488,000 after buying an additional 1,393 shares during the period. 24.29% of the stock is owned by institutional investors.

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.