Sunoco's (SUN) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Sunoco's stock has received a reaffirmed "hold (C)" rating from Weiss Ratings, reflecting a cautious outlook from analysts.
• Mizuho and JPMorgan recently adjusted their target prices, with Mizuho lowering it to $66 and JPMorgan raising it to $67, indicating mixed sentiment among equity research analysts.
• The company's recent quarterly earnings report showed a significant miss on EPS expectations, reporting $0.33 against a consensus of $1.68, alongside a 12.7% year-over-year revenue decline.

Sunoco (NYSE:SUN - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently weighed in on SUN. Mizuho lowered their target price on Sunoco from $67.00 to $66.00 and set an "outperform" rating for the company in a report on Friday, August 29th. JPMorgan Chase & Co. raised their target price on Sunoco from $66.00 to $67.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Finally, Zacks Research upgraded Sunoco from a "strong sell" rating to a "hold" rating in a research report on Monday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $64.50.

Sunoco Stock Performance

Sunoco stock traded down $0.78 during mid-day trading on Wednesday, reaching $49.94. 1,587,717 shares of the stock traded hands, compared to its average volume of 456,478. The stock has a market capitalization of $7.64 billion, a PE ratio of 24.60 and a beta of 0.53. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.52 and a quick ratio of 0.80. The business's 50-day moving average is $51.28 and its 200-day moving average is $53.63. Sunoco has a 12-month low of $47.98 and a 12-month high of $59.88.

Sunoco (NYSE:SUN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($1.35). The company had revenue of $5.39 billion for the quarter, compared to analysts' expectations of $5.42 billion. Sunoco had a net margin of 2.02% and a return on equity of 10.57%. The firm's quarterly revenue was down 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.85 earnings per share. As a group, sell-side analysts predict that Sunoco will post 10.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. purchased a new position in Sunoco in the second quarter valued at about $41,000. Bessemer Group Inc. increased its holdings in Sunoco by 41.7% in the second quarter. Bessemer Group Inc. now owns 1,360 shares of the oil and gas company's stock valued at $72,000 after buying an additional 400 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Sunoco by 95.9% in the second quarter. Parkside Financial Bank & Trust now owns 1,379 shares of the oil and gas company's stock valued at $74,000 after acquiring an additional 675 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Sunoco by 110.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,040 shares of the oil and gas company's stock valued at $118,000 after acquiring an additional 1,069 shares during the period. Finally, State of Wyoming acquired a new position in shares of Sunoco during the second quarter worth approximately $111,000. Institutional investors and hedge funds 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.

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