Mizuho reissued their sell rating on shares of Sunoco LP (NYSE:SUN) in a research report report published on Friday morning. The firm currently has a $29.00 price objective on the oil and gas company’s stock.

SUN has been the subject of several other research reports. BidaskClub raised Sunoco from a sell rating to a hold rating in a research note on Saturday, July 1st. Royal Bank Of Canada reaffirmed a buy rating and set a $35.00 price target on shares of Sunoco in a research note on Tuesday, October 10th. Jefferies Group LLC reaffirmed a hold rating and set a $30.00 price target (up previously from $29.00) on shares of Sunoco in a research note on Monday, September 11th. UBS AG reaffirmed a neutral rating and set a $30.00 price target (up previously from $28.00) on shares of Sunoco in a research note on Monday, August 14th. Finally, Deutsche Bank AG raised Sunoco from a hold rating to a buy rating and lifted their price target for the stock from $31.00 to $36.00 in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $31.33.

Shares of Sunoco (NYSE SUN) opened at 30.11 on Friday. Sunoco has a 12 month low of $21.01 and a 12 month high of $32.67. The firm’s market capitalization is $2.99 billion. The stock has a 50 day moving average of $31.37 and a 200-day moving average of $30.74.

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A number of hedge funds have recently made changes to their positions in SUN. Alliancebernstein L.P. increased its stake in shares of Sunoco by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 12,679 shares of the oil and gas company’s stock valued at $388,000 after acquiring an additional 710 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Sunoco by 24.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,262 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 1,213 shares during the last quarter. Credit Suisse AG increased its stake in shares of Sunoco by 3.1% during the 1st quarter. Credit Suisse AG now owns 50,663 shares of the oil and gas company’s stock valued at $1,224,000 after acquiring an additional 1,522 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Sunoco by 9.0% during the 2nd quarter. Private Advisor Group LLC now owns 19,092 shares of the oil and gas company’s stock valued at $577,000 after acquiring an additional 1,583 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Sunoco by 17.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,826 shares of the oil and gas company’s stock valued at $423,000 after acquiring an additional 2,102 shares during the last quarter. 30.86% of the stock is owned by hedge funds and other institutional investors.

About Sunoco

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.

Analyst Recommendations for Sunoco (NYSE:SUN)

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