Sunoco (NYSE:SUN) Stock Price Up 4.7%

Sunoco LP (NYSE:SUN - Get Free Report)'s stock price traded up 4.7% during mid-day trading on Wednesday . The stock traded as high as $53.90 and last traded at $53.53. 524,081 shares were traded during trading, an increase of 14% from the average session volume of 461,702 shares. The stock had previously closed at $51.13.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barclays lifted their target price on Sunoco from $57.00 to $64.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 17th. Raymond James upped their target price on Sunoco from $55.00 to $65.00 and gave the company an "outperform" rating in a research note on Friday, January 19th. StockNews.com downgraded shares of Sunoco from a "buy" rating to a "hold" rating in a research note on Wednesday, February 14th. Stifel Nicolaus cut shares of Sunoco from a "buy" rating to a "hold" rating and set a $62.00 price objective for the company. in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Sunoco from $53.00 to $62.00 and gave the company a "neutral" rating in a research report on Tuesday, March 19th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Sunoco has a consensus rating of "Hold" and an average target price of $62.71.

Sunoco Stock Up 5.6 %

The company has a market cap of $5.45 billion, a P/E ratio of 14.84 and a beta of 1.27. The business's 50 day moving average price is $60.25 and its 200-day moving average price is $56.83. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.40 and a quick ratio of 0.76.

Sunoco (NYSE:SUN - Get Free Report) last announced its earnings results on Wednesday, February 14th. The oil and gas company reported ($1.50) EPS for the quarter, missing the consensus estimate of $0.96 by ($2.46). The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sunoco had a return on equity of 37.91% and a net margin of 1.71%. Sunoco's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 EPS. On average, analysts anticipate that Sunoco LP will post 4.99 earnings per share for the current fiscal year.

Sunoco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.842 per share. The ex-dividend date was Tuesday, February 6th. This represents a $3.37 annualized dividend and a dividend yield of 6.24%. Sunoco's dividend payout ratio (DPR) is currently 92.58%.

Institutional Investors Weigh In On Sunoco

Hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Securities Inc. bought a new position in Sunoco in the fourth quarter valued at approximately $27,000. ICA Group Wealth Management LLC bought a new position in shares of Sunoco in the 4th quarter worth $30,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Sunoco during the fourth quarter worth $26,000. Steward Partners Investment Advisory LLC bought a new stake in Sunoco in the first quarter valued at about $26,000. Finally, Allworth Financial LP lifted its stake in Sunoco by 250.0% in the fourth quarter. Allworth Financial LP now owns 700 shares of the oil and gas company's stock valued at $42,000 after buying an additional 500 shares during the period. 24.29% of the stock is owned by institutional investors and hedge funds.

Sunoco Company Profile

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.