Shares of Sunoco LP (NYSE:SUN) have received a consensus recommendation of “Hold” from the twenty analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $31.04.

SUN has been the subject of a number of analyst reports. Deutsche Bank AG upgraded shares of Sunoco from a “hold” rating to a “buy” rating and lifted their price target for the company from $31.00 to $36.00 in a research report on Thursday, July 13th. BidaskClub downgraded shares of Sunoco from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Citigroup Inc. upgraded shares of Sunoco from a “sell” rating to a “neutral” rating and lifted their price target for the company from $22.00 to $29.00 in a research report on Tuesday, April 25th. Vetr upgraded shares of Sunoco from a “hold” rating to a “buy” rating and set a $30.54 price target for the company in a research report on Wednesday, May 3rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $32.00 price target on shares of Sunoco in a research report on Tuesday, June 20th.

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Sunoco (NYSE SUN) traded down 0.48% during trading on Friday, reaching $31.02. The company’s stock had a trading volume of 371,869 shares. The firm’s 50-day moving average is $30.99 and its 200-day moving average is $28.91. Sunoco has a 52-week low of $21.01 and a 52-week high of $32.67. The stock’s market cap is $3.09 billion.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, August 7th will be given a dividend of $0.8255 per share. The ex-dividend date is Thursday, August 3rd. This represents a $3.30 annualized dividend and a yield of 10.64%. Sunoco’s dividend payout ratio is currently -37.37%.

Several hedge funds have recently bought and sold shares of SUN. Cypress Asset Management Inc. TX boosted its stake in Sunoco by 0.7% in the first quarter. Cypress Asset Management Inc. TX now owns 11,036 shares of the oil and gas company’s stock worth $267,000 after buying an additional 74 shares during the last quarter. Atria Investments LLC boosted its stake in Sunoco by 2.1% in the first quarter. Atria Investments LLC now owns 11,393 shares of the oil and gas company’s stock worth $275,000 after buying an additional 233 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Sunoco by 6.3% in the first quarter. SRS Capital Advisors Inc. now owns 7,123 shares of the oil and gas company’s stock worth $172,000 after buying an additional 420 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Sunoco by 5.9% in the second quarter. Alliancebernstein L.P. now owns 12,679 shares of the oil and gas company’s stock worth $388,000 after buying an additional 710 shares during the last quarter. Finally, First Heartland Consultants Inc. boosted its stake in Sunoco by 4.9% in the first quarter. First Heartland Consultants Inc. now owns 24,716 shares of the oil and gas company’s stock worth $597,000 after buying an additional 1,159 shares during the last quarter. 27.47% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Sunoco (NYSE:SUN)

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