Janney Montgomery Scott assumed coverage on shares of Sunoco (NYSE:SUN) in a report published on Friday. The brokerage issued a neutral rating and a $33.00 price target on the oil and gas company’s stock.
SUN has been the subject of a number of other research reports. Mizuho reaffirmed a sell rating and issued a $29.00 price target on shares of Sunoco in a research note on Friday, October 20th. Goldman Sachs Group raised Sunoco from a sell rating to a neutral rating and set a $33.00 price target for the company in a research note on Monday, December 18th. Zacks Investment Research raised Sunoco from a hold rating to a buy rating and set a $34.00 price objective for the company in a research report on Thursday, November 16th. Jefferies Group reissued a neutral rating on shares of Sunoco in a research report on Wednesday, December 20th. Finally, JPMorgan Chase & Co. raised Sunoco from a neutral rating to an overweight rating and set a $29.20 price objective for the company in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $31.69.
Shares of Sunoco (NYSE:SUN) traded up $0.34 during mid-day trading on Friday, reaching $31.77. The company had a trading volume of 220,338 shares, compared to its average volume of 515,116. Sunoco has a 12 month low of $23.09 and a 12 month high of $32.67. The stock has a market capitalization of $3,160.00, a price-to-earnings ratio of -6.19 and a beta of 0.56. The company has a debt-to-equity ratio of 2.28, a current ratio of 4.02 and a quick ratio of 3.75.
Sunoco (NYSE:SUN) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported $1.02 EPS for the quarter, topping 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%. research analysts predict that Sunoco will post 0.75 EPS for the current year.
In other Sunoco 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 transaction of $72,797.76. Following the completion of the transaction, the insider now owns 23,923 shares of the company’s stock, valued at $693,288.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Sunoco by 13.6% during the third quarter. JPMorgan Chase & Co. now owns 1,450,389 shares of the oil and gas company’s stock valued at $44,440,000 after acquiring an additional 173,588 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of 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 valued at $41,028,000 after acquiring an additional 17,894 shares in the last quarter. Harvest Fund Advisors LLC increased its holdings in shares of Sunoco by 26.6% during the third quarter. Harvest Fund Advisors LLC now owns 1,339,519 shares of the oil and gas company’s stock valued at $41,659,000 after acquiring an additional 281,414 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Sunoco by 7.1% during the fourth quarter. Bank of Montreal Can now owns 425,097 shares of the oil and gas company’s stock valued at $12,073,000 after acquiring an additional 28,354 shares in the last quarter. Finally, Adams Asset Advisors LLC increased its holdings in shares of Sunoco by 7.8% during the fourth quarter. Adams Asset Advisors LLC now owns 247,143 shares of the oil and gas company’s stock valued at $7,018,000 after acquiring an additional 17,926 shares in the last quarter. Hedge funds and other institutional investors own 26.32% of the company’s stock.
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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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