By otakuyassine3@gmail.com 
Sunoco (NYSE:SUN – Free Report) had its price target upped by Mizuho from $61.00 to $66.00 in a research note released on Monday,Benzinga reports. Mizuho currently has an outperform rating on the oil and gas company’s stock.
Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada boosted their price objective on Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Barclays boosted their price objective on shares of Sunoco from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.43.
Get Our Latest Stock Analysis on SUN
Sunoco Price Performance
NYSE:SUN opened at $59.31 on Monday. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 13.63 and a beta of 1.36. Sunoco has a 1-year low of $49.45 and a 1-year high of $64.89. The company has a 50 day moving average price of $53.85 and a 200-day moving average price of $53.38. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.16 and a quick ratio of 0.66.
Sunoco (NYSE:SUN – Get Free Report) last announced its earnings results on Wednesday, November 6th. The oil and gas company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $1.53 by ($1.79). Sunoco had a return on equity of 19.77% and a net margin of 2.72%. The company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same period last year, the business earned $2.95 EPS. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. Equities research analysts forecast that Sunoco will post 9.63 EPS for the current year.
Sunoco Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th will be given a $0.8865 dividend. This is an increase from Sunoco’s previous quarterly dividend of $0.88. This represents a $3.55 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Friday, February 7th. Sunoco’s dividend payout ratio (DPR) is currently 81.38%.
Institutional Investors Weigh In On Sunoco
A number of institutional investors have recently bought and sold shares of the business. Independence Bank of Kentucky acquired a new position in shares of Sunoco during the fourth quarter worth approximately $53,000. Global Retirement Partners LLC boosted its position in shares of Sunoco by 93.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,633 shares of the oil and gas company’s stock worth $84,000 after acquiring an additional 788 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Sunoco by 90.6% in the 4th quarter. Allworth Financial LP now owns 1,723 shares of the oil and gas company’s stock valued at $95,000 after purchasing an additional 819 shares in the last quarter. IFP Advisors Inc lifted its holdings in Sunoco by 112.5% during the 4th quarter. IFP Advisors Inc now owns 2,446 shares of the oil and gas company’s stock worth $126,000 after buying an additional 1,295 shares during the period. Finally, Kieckhefer Group LLC acquired a new position in Sunoco in the fourth quarter valued at $129,000. Institutional investors and hedge funds own 24.29% of the company’s stock.
About Sunoco
Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates through two segments: Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel, as well as other petroleum products, such as propane and lubricating oil from independent refiners and oil companies and supplies it to company-operated retail stores, independently operated commission agents, and retail stores, as well as other commercial customers, including unbranded retail stores, other fuel distributors, school districts, municipalities, and other industrial customers.
Recommended Stories
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.