Sunoco (NYSE:SUN) Price Target Raised to $67.00 at JPMorgan Chase & Co.

Sunoco (NYSE:SUN - Get Free Report) had its target price raised by stock analysts at JPMorgan Chase & Co. from $66.00 to $67.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the oil and gas company's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 27.76% from the stock's current price.

SUN has been the topic of several other reports. Mizuho reduced their price objective on Sunoco from $68.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, July 14th. Barclays reduced their price objective on Sunoco from $62.00 to $61.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Sunoco currently has an average rating of "Moderate Buy" and an average price target of $64.75.

Sunoco Trading Down 0.1%

SUN stock traded down $0.04 during mid-day trading on Tuesday, reaching $52.44. The company's stock had a trading volume of 153,833 shares, compared to its average volume of 438,937. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 9.45 and a beta of 0.61. The business's 50 day moving average price is $54.04 and its 200 day moving average price is $55.55. The company has a current ratio of 1.55, a quick ratio of 0.86 and a debt-to-equity ratio of 1.85. Sunoco has a 12 month low of $48.00 and a 12 month high of $59.88.

Sunoco (NYSE:SUN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.48). Sunoco had a return on equity of 20.34% and a net margin of 3.80%. The business had revenue of $5.18 billion during the quarter, compared to analysts' expectations of $5.58 billion. During the same period in the prior year, the firm posted $2.26 EPS. The firm's revenue for the quarter was down 5.8% on a year-over-year basis. On average, equities research analysts predict that Sunoco will post 10.65 EPS for the current year.

Hedge Funds Weigh In On Sunoco

Hedge funds have recently made changes to their positions in the business. Marshall & Sterling Wealth Advisors Inc. bought a new position in Sunoco during the fourth quarter valued at approximately $31,000. Transce3nd LLC bought a new position in Sunoco during the fourth quarter valued at approximately $90,000. Huntington National Bank boosted its stake in Sunoco by 440.3% during the fourth quarter. Huntington National Bank now owns 1,783 shares of the oil and gas company's stock valued at $92,000 after buying an additional 1,453 shares during the last quarter. State of Wyoming bought a new stake in shares of Sunoco in the 4th quarter valued at approximately $102,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Sunoco by 110.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,040 shares of the oil and gas company's stock valued at $118,000 after purchasing an additional 1,069 shares during the last quarter. Institutional investors 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.

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