Janney Montgomery Scott began coverage on shares of Sunoco (NYSE:SUN) in a research note released on Friday, Marketbeat Ratings reports. The firm issued a neutral rating and a $33.00 price objective on the oil and gas company’s stock.

A number of other research firms also recently commented on SUN. B. Riley set a $32.00 target price on Sunoco and gave the company a neutral rating in a research report on Monday, December 18th. Jefferies Group reiterated a hold rating and set a $30.00 target price on shares of Sunoco in a research report on Friday, October 13th. Robert W. Baird reiterated a buy rating and set a $36.00 target price on shares of Sunoco in a research report on Friday, November 10th. Royal Bank of Canada reiterated a buy rating and set a $35.00 target price on shares of Sunoco in a research report on Tuesday, October 10th. Finally, Zacks Investment Research downgraded Sunoco from a buy rating to a hold rating in a research report on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Sunoco currently has a consensus rating of Hold and a consensus price target of $31.69.

Sunoco (SUN) opened at $31.77 on Friday. The company has a current ratio of 4.02, a quick ratio of 3.75 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $3,681.89, a P/E ratio of -3.98 and a beta of 0.56. Sunoco has a 52-week low of $23.09 and a 52-week high of $32.67.

Sunoco (NYSE:SUN) last posted its earnings results on Tuesday, November 7th. The oil and gas company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.67. Sunoco had a positive return on equity of 12.43% and a negative net margin of 4.89%. sell-side analysts predict that Sunoco will post 0.75 earnings per share for the current fiscal year.

In related news, insider Arnold Dodderer sold 2,512 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $28.98, for a total value of $72,797.76. Following the completion of the sale, the insider now directly owns 23,923 shares in the company, valued at $693,288.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its position 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. The Manufacturers Life Insurance Company lifted its position in Sunoco by 24.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,262 shares of the oil and gas company’s stock worth $191,000 after buying an additional 1,213 shares during the last quarter. Commonwealth Equity Services Inc lifted its position in Sunoco by 21.4% in the third quarter. Commonwealth Equity Services Inc now owns 15,045 shares of the oil and gas company’s stock worth $467,000 after buying an additional 2,648 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Sunoco by 2.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 111,323 shares of the oil and gas company’s stock worth $3,408,000 after buying an additional 3,125 shares during the last quarter. Finally, BB&T Investment Services Inc. bought a new stake in Sunoco in the second quarter worth $100,000. Institutional investors own 26.32% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Sunoco (SUN) Receives New Coverage from Analysts at Janney Montgomery Scott” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://www.dailypolitical.com/2018/01/22/sunoco-sun-receives-new-coverage-from-analysts-at-janney-montgomery-scott.html.

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)

Receive News & Ratings for Sunoco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco and related companies with MarketBeat.com's FREE daily email newsletter.