Sunoco (NYSE:SUN) Posts Quarterly Earnings Results, Beats Estimates By $1.14 EPS

Key Points

• EPS beat: Sunoco reported quarterly EPS of $2.85, topping estimates of $1.71 by $1.14, with revenue of $10.69 billion—up 106.4% year‑over‑year and above forecasts.
• Dividend increase: The company raised the quarterly dividend to $0.9899 (annualized $3.96) for a ~5.7% yield, though the payout ratio is high at 164.32%.
• Shares traded up to $69.20 midday and analyst coverage is mixed, with a consensus rating of "Moderate Buy" and a consensus target price around $70.29.

Sunoco (NYSE:SUN - Get Free Report) announced its quarterly earnings data on Tuesday. The oil and gas company reported $2.85 EPS for the quarter, topping analysts' consensus estimates of $1.71 by $1.14, FiscalAI reports. Sunoco had a net margin of 2.01% and a return on equity of 10.76%. The business had revenue of $10.69 billion for the quarter, compared to analyst estimates of $10.19 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. The firm's revenue for the quarter was up 106.4% on a year-over-year basis.

Sunoco Stock Performance

NYSE:SUN traded up $0.94 during mid-day trading on Tuesday, reaching $69.20. 64,096 shares of the company's stock were exchanged, compared to its average volume of 467,426. Sunoco has a one year low of $47.98 and a one year high of $70.00. The firm has a market capitalization of $14.17 billion, a PE ratio of 30.49 and a beta of 0.46. The business's fifty day simple moving average is $64.83 and its two-hundred day simple moving average is $58.44. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.78 and a current ratio of 1.38.

Sunoco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Friday, May 8th will be paid a $0.9899 dividend. This represents a $3.96 annualized dividend and a dividend yield of 5.7%. This is a boost from Sunoco's previous quarterly dividend of $0.93. The ex-dividend date is Friday, May 8th. Sunoco's dividend payout ratio is currently 164.32%.

Institutional Trading of Sunoco

Large investors have recently modified their holdings of the stock. Corient Private Wealth LLC grew its position in Sunoco by 366.8% in the fourth quarter. Corient Private Wealth LLC now owns 70,040 shares of the oil and gas company's stock valued at $3,671,000 after acquiring an additional 55,035 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Sunoco during the 4th quarter worth $834,000. NewEdge Advisors LLC lifted its position in shares of Sunoco by 7.7% in the 4th quarter. NewEdge Advisors LLC now owns 7,628 shares of the oil and gas company's stock worth $400,000 after purchasing an additional 548 shares during the period. Susquehanna Portfolio Strategies LLC bought a new stake in shares of Sunoco during the 4th quarter valued at about $5,260,000. Finally, Cetera Investment Advisers grew its position in shares of Sunoco by 5.7% during the 4th quarter. Cetera Investment Advisers now owns 54,349 shares of the oil and gas company's stock worth $2,848,000 after buying an additional 2,931 shares during the period. 24.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Sunoco from a "buy" rating to a "hold" rating in a research note on Saturday, February 14th. Raymond James Financial upgraded Sunoco from an "outperform" rating to a "strong-buy" rating and set a $70.00 target price for the company in a research note on Monday, January 5th. Weiss Ratings cut Sunoco from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Sunoco from $66.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 24th. Finally, Zacks Research upgraded shares of Sunoco from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Sunoco has an average rating of "Moderate Buy" and a consensus target price of $70.29.

About Sunoco

Sunoco LP NYSE: SUN is an independent master limited partnership that specializes in the distribution and marketing of transportation fuels and related products. The company operates through two primary segments: wholesale fuel distribution and retail marketing. In wholesale distribution, Sunoco supplies branded fuels to distributors, commercial customers and resellers across the United States. Its retail marketing arm operates a network of company‐owned and franchised Sunoco branded service stations and convenience stores, providing gasoline, diesel, ethanol blends and lubricants to consumers.

Sunoco's product portfolio extends beyond traditional fuels to include biofuels, specialty chemicals and on‐road diesel treated to meet ultra‐low sulfur requirements.

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