Sunoco (NYSE:SUN) Releases Quarterly Earnings Results, Misses Estimates By $0.39 EPS

Sunoco (NYSE:SUN) released its quarterly earnings data on Tuesday. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.46 by ($0.39), RTT News reports. Sunoco had a net margin of 2.88% and a return on equity of 18.78%. The business had revenue of $18.03 billion during the quarter, compared to the consensus estimate of $11.76 billion. During the same quarter in the prior year, the company earned $0.64 EPS.

Sunoco Trading Up 0.7%

NYSE SUN traded up $0.48 on Tuesday, reaching $69.17. The company had a trading volume of 17,693 shares, compared to its average volume of 488,910. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 15.21 and a beta of 0.42. The business has a 50 day moving average of $74.67 and a two-hundred day moving average of $68.49. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.29 and a quick ratio of 0.83. Sunoco has a fifty-two week low of $49.98 and a fifty-two week high of $80.22.

Sunoco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Friday, November 6th will be paid a $1.0148 dividend. This is a positive change from Sunoco’s previous quarterly dividend of $1.0023. This represents a $4.06 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, November 6th. Sunoco’s payout ratio is presently 89.60%.

Analysts Set New Price Targets

SUN has been the topic of several research analyst reports. Wall Street Zen lowered shares of Sunoco from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Sunoco in a research report on Tuesday, August 18th. Citigroup increased their price target on shares of Sunoco from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. assumed coverage on Sunoco in a research report on Tuesday, October 20th. They issued an “overweight” rating and a $87.00 target price on the stock. Finally, Barclays reissued an “overweight” rating and set a $83.00 target price on shares of Sunoco in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $79.75.

Sunoco Company Profile

Sunoco LP (NYSE:SUN) is a master limited partnership focused primarily on the distribution and wholesale marketing of motor fuels. The company supplies gasoline, diesel and other refined products to independent fuel retailers, commercial customers, distributors and other end users, including customers operating under the Sunoco brand.

Sunoco’s operations include fuel terminals, pipelines, transportation assets and other logistics infrastructure used to receive, store, blend and deliver petroleum products.