Sunoco - SUN Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sunoco in the last year. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SUN shares.
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7 analysts have issued 12 month target prices for Sunoco's shares. Their SUN share price forecasts range from $42.00 to $50.00. On average, they predict the company's stock price to reach $46.57 in the next year. This suggests a possible upside of 7.3% from the stock's current price.
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Sunoco's stock was trading at $40.83 at the start of the year. Since then, SUN shares have increased by 6.3% and is now trading at $43.42.
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Sunoco saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 551,500 shares, a decrease of 21.5% from the October 31st total of 702,800 shares. Based on an average daily trading volume, of 222,500 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.0% of the shares of the stock are short sold.
View Sunoco's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our SUN earnings forecast.

Sunoco LP (NYSE:SUN) posted its quarterly earnings results on Wednesday, November, 3rd. The oil and gas company reported $1.00 EPS for the quarter, missing analysts' consensus estimates of $1.06 by $0.06. The oil and gas company had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.67 billion. Sunoco had a trailing twelve-month return on equity of 56.02% and a net margin of 2.10%. The company's revenue for the quarter was up 70.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 EPS.

Sunoco announced a quarterly dividend on Tuesday, October 25th. Shareholders of record on Friday, November 4th will be given a dividend of $0.8255 per share on Friday, November 18th. This represents a $3.30 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date of this dividend is Thursday, November 3rd.
Read our dividend analysis for SUN.

Sunoco (NYSE:SUN) pays an annual dividend of $3.30 per share and currently has a dividend yield of 7.72%. SUN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 63.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, SUN will have a dividend payout ratio of 86.39% 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 Allianz Asset Management GmbH (0.36%), UBS Group AG (0.25%), Raymond James Financial Services Advisors Inc. (0.21%), Bank of Montreal Can (0.12%), Spirit of America Management Corp NY (0.10%) and Advisors Capital Management LLC (0.10%). Insiders that own company stock include Arnold Dodderer, Brian A Hand, Christopher Curia, David K Skidmore, Imad K Anbouba, Joseph Kim, Matthew S Ramsey and Thomas R Miller.
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 $43.42.

Sunoco (NYSE:SUN) has a market capitalization of $4.35 billion and generates $17.60 billion in revenue each year. The oil and gas company earns $524 million in net income (profit) each year or $5.22 on an earnings per share basis.

The company employs 2,225 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.