TheStreet upgraded shares of Sunoco (NYSE:SUN) from a c+ rating to a b- rating in a research report released on Monday.

Several other analysts also recently weighed in on SUN. Wells Fargo & Co decreased their price objective on Sunoco from $30.00 to $29.00 and set a market perform rating for the company in a report on Thursday, September 13th. B. Riley set a $32.00 price objective on Sunoco and gave the company a hold rating in a report on Monday, June 4th. Raymond James restated a buy rating on shares of Sunoco in a report on Monday, August 13th. Zacks Investment Research upgraded Sunoco from a strong sell rating to a hold rating in a report on Wednesday, August 15th. Finally, Jefferies Financial Group upgraded shares of Sunoco from an underperform rating to a hold rating and set a $30.00 target price for the company in a report on Wednesday, July 18th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $30.87.

SUN stock opened at $28.85 on Monday. The company has a quick ratio of 0.67, a current ratio of 1.07 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $2.80 billion, a P/E ratio of 12.55 and a beta of 0.79. Sunoco has a 1-year low of $24.46 and a 1-year high of $33.11.

Sunoco (NYSE:SUN) last released its quarterly earnings data on Wednesday, August 8th. The oil and gas company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $3.99 billion. Sunoco had a return on equity of 33.25% and a net margin of 0.86%. The firm’s quarterly revenue was up 59.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.59) earnings per share. sell-side analysts anticipate that Sunoco will post 2.3 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in SUN. BlackRock Inc. raised its holdings in Sunoco by 6,579.2% in the first quarter. BlackRock Inc. now owns 677,603 shares of the oil and gas company’s stock worth $17,285,000 after purchasing an additional 667,458 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in Sunoco by 1.4% in the second quarter. OppenheimerFunds Inc. now owns 13,585,922 shares of the oil and gas company’s stock worth $339,105,000 after purchasing an additional 186,248 shares in the last quarter. SG Americas Securities LLC bought a new position in Sunoco in the second quarter worth about $2,608,000. Renaissance Technologies LLC raised its holdings in Sunoco by 28.6% in the second quarter. Renaissance Technologies LLC now owns 421,700 shares of the oil and gas company’s stock worth $10,526,000 after purchasing an additional 93,875 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Sunoco during the first quarter worth about $1,806,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Sunoco Company Profile

Sunoco LP, together with its subsidiaries, engages in the wholesale distribution and retail sale of motor fuels primarily in the United States. The company operates through two segments, Wholesale and Retail. It serves convenience stores and commission agent locations, contracted independent convenience store operators, and other commercial customers.

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Analyst Recommendations for Sunoco (NYSE:SUN)

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