Sunoco - SUN Stock Forecast, Price & News

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates in two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations. The All Other segment operates retail stores that offer motor fuel, merchandise, foodservice, and other services that include credit card processing, car washes, lottery, automated teller machines, money orders, prepaid phone cards, and wireless services. It also leases and subleases real estate properties; and operates terminal facilities on the Hawaiian Islands. As of December 31, 2021, the company operated 78 retail stores in Hawaii and New Jersey. Sunoco GP LLC serves as the general partner of the company. The company was formerly known as Susser Petroleum Partners LP and changed its name to Sunoco LP in October 2014. Sunoco LP was founded in 1886 and is headquartered in Dallas, Texas.

Sunoco Trading Up 0.6 %

Shares of NYSE:SUN opened at $39.88 on Friday. The firm has a market cap of $3.99 billion, a PE ratio of 7.29 and a beta of 1.49. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 3.61. Sunoco has a twelve month low of $34.26 and a twelve month high of $46.95. The business has a fifty day simple moving average of $38.69 and a two-hundred day simple moving average of $40.84.

Sunoco (NYSE:SUN - Get Rating) last announced its earnings results on Wednesday, August 3rd. The oil and gas company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.06. The firm had revenue of $7.82 billion for the quarter, compared to the consensus estimate of $5.63 billion. Sunoco had a return on equity of 61.22% and a net margin of 2.36%. The firm's revenue for the quarter was up 77.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.73 EPS. Analysts expect that Sunoco will post 6.44 earnings per share for the current fiscal year.

Sunoco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Monday, August 8th will be given a $0.8255 dividend. The ex-dividend date is Friday, August 5th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 8.28%. Sunoco's dividend payout ratio (DPR) is presently 60.33%.

Analyst Ratings Changes

SUN has been the subject of several recent analyst reports. Mizuho raised their price objective on shares of Sunoco from $44.00 to $46.00 and gave the stock a "buy" rating in a research report on Thursday, August 4th. Barclays dropped their price objective on Sunoco from $47.00 to $44.00 in a research note on Wednesday, July 20th. StockNews.com upgraded Sunoco from a "hold" rating to a "buy" rating in a research note on Tuesday, August 9th. Finally, Wells Fargo & Company lowered Sunoco from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $46.00 to $41.00 in a report on Tuesday, May 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $45.00.

Insider Buying and Selling

In related news, CEO Joseph Kim acquired 5,000 shares of Sunoco stock in a transaction dated Thursday, June 16th. The shares were acquired at an average cost of $35.49 per share, for a total transaction of $177,450.00. Following the completion of the purchase, the chief executive officer now owns 5,000 shares in the company, valued at $177,450. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.