Zacks: Sunoco LP (SUN) Given Consensus Rating of “Hold” by Brokerages
Sunoco LP (NYSE:SUN) has been given a consensus broker rating score of 2.92 (Hold) from the twelve analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong sell rating, seven have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Sunoco’s rating score has declined by 4.7% in the last 90 days as a result of a number of analysts’ ratings changes.
Analysts have set a 12 month consensus target price of $32.75 for the company and are anticipating that the company will post $0.50 EPS for the current quarter, according to Zacks. Zacks has also given Sunoco an industry rank of 119 out of 265 based on the ratings given to related companies.
SUN has been the subject of a number of research analyst reports. Mizuho restated a “sell” rating and set a $29.00 price objective on shares of Sunoco in a report on Friday, October 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $30.00 price target on shares of Sunoco in a research note on Friday, October 13th. BidaskClub upgraded Sunoco from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Royal Bank Of Canada restated an “outperform” rating and set a $35.00 target price (up from $32.00) on shares of Sunoco in a research note on Wednesday, September 6th. Finally, UBS AG restated a “neutral” rating and set a $30.00 target price (up from $28.00) on shares of Sunoco in a research note on Monday, August 14th.
Shares of Sunoco (SUN) opened at $30.70 on Monday. The stock has a market capitalization of $3,577.59, a PE ratio of 18.27 and a beta of 0.58. The company has a quick ratio of 3.75, a current ratio of 4.02 and a debt-to-equity ratio of 2.28. Sunoco has a 12-month low of $21.01 and a 12-month high of $32.67.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th will be issued a $0.8255 dividend. This represents a $3.30 annualized dividend and a yield of 10.76%. The ex-dividend date of this dividend is Monday, November 6th. Sunoco’s payout ratio is -41.30%.
In related news, Director Stephen Pearce sold 250,000 shares of Sunoco stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $0.44, for a total value of $110,000.00.
A number of large investors have recently modified their holdings of the stock. Quinn Opportunity Partners LLC purchased a new position in shares of Sunoco during the second quarter valued at about $2,541,000. Hudson Valley Investment Advisors Inc. ADV bought a new stake in Sunoco during the second quarter worth about $245,000. Goldman Sachs Group Inc. boosted its stake in Sunoco by 1.4% during the second quarter. Goldman Sachs Group Inc. now owns 1,340,350 shares of the oil and gas company’s stock worth $41,028,000 after acquiring an additional 17,894 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Sunoco by 40.6% during the first quarter. Alliancebernstein L.P. now owns 11,969 shares of the oil and gas company’s stock worth $289,000 after acquiring an additional 3,456 shares in the last quarter. Finally, Arrow Investment Advisors LLC bought a new position in shares of Sunoco in the second quarter worth approximately $853,000. Institutional investors own 26.50% of the company’s stock.
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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