Shares of Sunoco LP (NYSE:SUN) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $30.78.

Several research analysts have recently weighed in on SUN shares. Stifel Nicolaus set a $34.00 target price on shares of Sunoco and gave the stock a “hold” rating in a research report on Monday. TheStreet upgraded shares of Sunoco from a “c+” rating to a “b” rating in a research note on Thursday, May 9th. Raymond James cut their target price on shares of Sunoco from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. ValuEngine cut shares of Sunoco from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Sunoco in a research note on Thursday, May 9th.

NYSE:SUN traded down $0.33 during trading hours on Wednesday, reaching $30.58. 342,074 shares of the company were exchanged, compared to its average volume of 300,422. The company has a current ratio of 1.32, a quick ratio of 0.81 and a debt-to-equity ratio of 4.40. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 11.85 and a beta of 0.81. Sunoco has a 52-week low of $23.80 and a 52-week high of $34.09. The company’s 50 day moving average is $32.46.

Sunoco (NYSE:SUN) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.31). Sunoco had a return on equity of 34.87% and a net margin of 1.21%. The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.17 billion. During the same period in the prior year, the business earned $0.58 EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts forecast that Sunoco will post 2.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th will be given a dividend of $0.8255 per share. The ex-dividend date is Monday, August 5th. This represents a $3.30 dividend on an annualized basis and a yield of 10.80%. Sunoco’s payout ratio is presently 127.91%.

A number of institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. grew its stake in shares of Sunoco by 4.6% during the 2nd quarter. Advisor Group Inc. now owns 9,493 shares of the oil and gas company’s stock worth $297,000 after acquiring an additional 414 shares in the last quarter. CENTRAL TRUST Co boosted its position in Sunoco by 81.8% during the first quarter. CENTRAL TRUST Co now owns 1,000 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 450 shares during the period. Sigma Planning Corp lifted its holdings in shares of Sunoco by 3.2% during the second quarter. Sigma Planning Corp now owns 16,593 shares of the oil and gas company’s stock worth $519,000 after buying an additional 508 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in Sunoco by 37.8% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,916 shares of the oil and gas company’s stock valued at $60,000 after purchasing an additional 526 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in Sunoco by 3.5% in the second quarter. Private Advisor Group LLC now owns 19,813 shares of the oil and gas company’s stock valued at $620,000 after acquiring an additional 671 shares during the last quarter. Institutional investors own 28.89% of the company’s stock.

Sunoco Company Profile

Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations.

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Analyst Recommendations for Sunoco (NYSE:SUN)

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