Sunoco Stock Price, News & Analysis (NYSE:SUN)

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sunoco in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SUN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SUN, but not buy additional shares or sell existing shares.
View SUN analyst ratings or view top-rated stocks.

6 brokerages have issued 12 month price objectives for Sunoco's shares. Their SUN share price targets range from $47.00 to $55.00. On average, they predict the company's share price to reach $50.57 in the next year. This suggests that the stock has a possible downside of 7.5%.
View analysts price targets for SUN or view top-rated stocks among Wall Street analysts.

Sunoco's stock was trading at $43.10 at the start of the year. Since then, SUN shares have increased by 26.8% and is now trading at $54.67.
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Sunoco saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,650,000 shares, an increase of 17.0% from the October 31st total of 1,410,000 shares. Based on an average daily volume of 313,700 shares, the short-interest ratio is presently 5.3 days. Approximately 3.0% of the shares of the stock are sold short.
View Sunoco's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our SUN earnings forecast.

Sunoco LP (NYSE:SUN) posted its earnings results on Wednesday, November, 1st. The oil and gas company reported $2.95 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $1.84. The oil and gas company had revenue of $6.32 billion for the quarter, compared to analyst estimates of $5.62 billion. Sunoco had a trailing twelve-month return on equity of 53.87% and a net margin of 2.38%. The company's revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share.

Sunoco declared a quarterly dividend on Friday, October 20th. Stockholders of record on Monday, October 30th will be paid a dividend of $0.842 per share on Monday, November 20th. This represents a $3.37 annualized dividend and a dividend yield of 6.16%. The ex-dividend date of this dividend is Friday, October 27th.
Read our dividend analysis for SUN.

Sunoco (NYSE:SUN) pays an annual dividend of $3.37 per share and currently has a dividend yield of 6.21%. SUN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 60.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, SUN will have a dividend payout ratio of 87.99% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SUN.

ETFs with the largest weight of Sunoco (NYSE:SUN) stock in their portfolio include GraniteShares HIPS US High Income ETF (HIPS), Global X Alternative Income ETF (ALTY) and T. Rowe Price International Equity ETF (TOUS).Tortoise North American Pipeline Fund (TPYP).

40 employees have rated Sunoco Chief Executive Officer Joe Kim on Glassdoor.com. Joe Kim has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sunoco investors own include Energy Transfer (ET), AT&T (T), Enterprise Products Partners (EPD), Bank of America (BAC), New Residential Investment (NRZ), NuStar Energy (NS), Cisco Systems (CSCO), Verizon Communications (VZ), Exxon Mobil (XOM) and Altria Group (MO).

Sunoco's stock is owned by many different institutional and retail investors. Top institutional investors include Invesco Ltd. (5.08%), Blackstone Inc. (1.50%), JPMorgan Chase & Co. (1.38%), Morgan Stanley (0.83%), Clearbridge Investments LLC (0.54%) and Citigroup Inc. (0.40%). Insiders that own company stock include David K Skidmore, Imad K Anbouba, Joseph Kim and Matthew S Ramsey.
View institutional ownership trends.

Shares of SUN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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