Sunoco LP (NYSE:SUN) Receives $63.83 Average Price Target from Brokerages

Shares of Sunoco LP (NYSE:SUN - Get Free Report) have been given a consensus recommendation of "Buy" by the six analysts that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $64.33.

A number of equities analysts have issued reports on SUN shares. JPMorgan Chase & Co. increased their price objective on Sunoco from $63.00 to $66.00 and gave the stock an "overweight" rating in a report on Thursday. Barclays dropped their price target on Sunoco from $62.00 to $61.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Finally, Mizuho raised their price target on Sunoco from $66.00 to $68.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd.

Sunoco Trading Up 0.3 %

Sunoco stock traded up $0.17 during mid-day trading on Friday, hitting $59.34. 45,202 shares of the stock were exchanged, compared to its average volume of 505,771. The company has a quick ratio of 0.66, a current ratio of 1.27 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 8.96 and a beta of 1.06. The firm's fifty day simple moving average is $56.87 and its two-hundred day simple moving average is $54.72. Sunoco has a 12 month low of $48.00 and a 12 month high of $59.67.

Sunoco (NYSE:SUN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.73). Sunoco had a return on equity of 22.52% and a net margin of 3.85%. Analysts forecast that Sunoco will post 10.65 EPS for the current year.

Sunoco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Friday, May 9th will be issued a $0.8976 dividend. This is an increase from Sunoco's previous quarterly dividend of $0.89. This represents a $3.59 annualized dividend and a dividend yield of 6.05%. Sunoco's payout ratio is presently 53.64%.

Institutional Investors Weigh In On Sunoco

Hedge funds have recently modified their holdings of the business. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Sunoco during the fourth quarter valued at approximately $31,000. Independence Bank of Kentucky acquired a new stake in shares of Sunoco in the 4th quarter worth $53,000. Steward Partners Investment Advisory LLC increased its position in Sunoco by 17.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,245 shares of the oil and gas company's stock valued at $64,000 after buying an additional 182 shares in the last quarter. Global Retirement Partners LLC raised its stake in Sunoco by 93.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,633 shares of the oil and gas company's stock valued at $84,000 after buying an additional 788 shares during the last quarter. Finally, Transce3nd LLC purchased a new stake in shares of Sunoco during the fourth quarter worth about $90,000. Hedge funds and other institutional investors own 24.29% of the company's stock.

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.