Sunoco LP (SUN) Insider Arnold Dodderer Sells 2,512 Shares of Stock
Sunoco LP (NYSE:SUN) insider Arnold Dodderer sold 2,512 shares of Sunoco stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $28.98, for a total value of $72,797.76. Following the completion of the sale, the insider now directly owns 23,923 shares in the company, valued at approximately $693,288.54. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Sunoco LP (SUN) traded down $0.43 on Wednesday, reaching $28.32. The company had a trading volume of 647,500 shares, compared to its average volume of 585,745. Sunoco LP has a one year low of $21.90 and a one year high of $32.67. The company has a current ratio of 4.02, a quick ratio of 3.75 and a debt-to-equity ratio of 2.28. The stock has a market cap of $3,331.90, a PE ratio of 17.01 and a beta of 0.56.
A number of research firms have issued reports on SUN. Jefferies Group reaffirmed a “hold” rating and issued a $30.00 price objective (up previously from $29.00) on shares of Sunoco in a research note on Monday, September 11th. B. Riley set a $32.00 price objective on Sunoco and gave the stock a “neutral” rating in a research note on Monday. Goldman Sachs Group raised Sunoco from a “sell” rating to a “neutral” rating and set a $33.00 price objective on the stock in a research note on Monday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Sunoco in a research note on Tuesday, October 10th. Finally, Zacks Investment Research downgraded Sunoco from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $32.29.
Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.
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