Sunoco LP (NYSE:SUN) Scheduled to Post Earnings on Tuesday
Sunoco LP (NYSE:SUN) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, August 8th. Analysts expect Sunoco to post earnings of $0.16 per share for the quarter.
Shares of Sunoco LP (NYSE SUN) opened at 31.24 on Monday. Sunoco LP has a one year low of $21.01 and a one year high of $32.67. The firm’s market capitalization is $3.11 billion. The firm’s 50-day moving average price is $30.68 and its 200-day moving average price is $28.70.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.8255 per share. This represents a $3.30 annualized dividend and a dividend yield of 10.57%. The ex-dividend date of this dividend is Thursday, August 3rd. Sunoco’s dividend payout ratio (DPR) is -57.19%.
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Several equities analysts have recently commented on the stock. TheStreet raised shares of Sunoco from a “d+” rating to a “c-” rating in a research note on Wednesday, April 26th. BidaskClub raised shares of Sunoco from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Vetr raised shares of Sunoco from a “hold” rating to a “buy” rating and set a $32.56 price objective for the company in a research note on Thursday, June 1st. Mizuho downgraded shares of Sunoco from a “neutral” rating to an “underperform” rating and set a $28.00 price objective for the company. in a research note on Monday, July 10th. Finally, UBS AG downgraded shares of Sunoco from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Tuesday, April 11th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $31.04.
Sunoco Company Profile
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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