Sunoco (SUN) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sunoco in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SUN shares.
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6 Wall Street research analysts have issued 12 month target prices for Sunoco's shares. Their SUN share price forecasts range from $47.00 to $53.00. On average, they expect the company's share price to reach $50.14 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
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Sunoco's stock was trading at $43.10 on January 1st, 2023. Since then, SUN shares have increased by 16.5% and is now trading at $50.21.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our SUN earnings forecast.

Sunoco LP (NYSE:SUN) released its earnings results on Wednesday, August, 2nd. The oil and gas company reported $0.78 EPS for the quarter, missing the consensus estimate of $1.02 by $0.24. The oil and gas company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.66 billion. Sunoco had a net margin of 1.55% and a trailing twelve-month return on equity of 37.36%. Sunoco's revenue was down 26.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 EPS.

Sunoco declared a quarterly dividend on Tuesday, July 25th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.842 per share on Monday, August 21st. This represents a $3.37 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date is Friday, August 11th.
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).

Sunoco (NYSE:SUN) pays an annual dividend of $3.37 per share and currently has a dividend yield of 7.25%. 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 100.30%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SUN will have a dividend payout ratio of 86.19% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SUN.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "SUN."

Sunoco's stock is owned by a variety of institutional and retail investors. Top institutional investors include Goldman Sachs Group Inc. (2.55%), JPMorgan Chase & Co. (1.26%), Clearbridge Investments LLC (0.55%), Citigroup Inc. (0.37%), Wells Fargo & Company MN (0.25%) and Miller Howard Investments Inc. NY (0.22%). 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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One share of SUN stock can currently be purchased for approximately $50.21.

Sunoco (NYSE:SUN) has a market capitalization of $5.05 billion and generates $25.73 billion in revenue each year. The oil and gas company earns $475 million in net income (profit) each year or $3.36 on an earnings per share basis.

The company employs 2,302 workers across the globe.

Sunoco's mailing address is 8111 WESTCHESTER DRIVE SUITE 400, DALLAS TX, 75225. The official website for the company is www.sunocolp.com. The oil and gas company can be reached via phone at (214) 981-0700, via email at ir@sunocolp.com, or via fax at 832-234-0088.