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.

Analyst Ratings Changes

SUN has been the topic of a number of research reports. Barclays dropped their price target on Sunoco from $47.00 to $44.00 in a research note on Wednesday, July 20th. Wells Fargo & Company downgraded Sunoco from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $46.00 to $41.00 in a research note on Tuesday, May 31st. StockNews.com upgraded shares of Sunoco from a "hold" rating to a "buy" rating in a research note on Tuesday, August 9th. Finally, Mizuho boosted their price target on Sunoco from $44.00 to $46.00 and gave the company a "buy" rating in a report on Thursday, August 4th. 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's stock. According to MarketBeat.com, Sunoco has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.

Sunoco Price Performance

Shares of Sunoco stock traded up $0.87 during trading hours on Thursday, reaching $40.50. The company's stock had a trading volume of 194,278 shares, compared to its average volume of 304,023. The firm has a 50 day moving average price of $38.48 and a 200-day moving average price of $40.74. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.45 and a quick ratio of 0.95. The stock has a market cap of $4.06 billion, a P/E ratio of 7.40 and a beta of 1.49. Sunoco has a one year low of $34.26 and a one year high of $46.95.

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

Sunoco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 8th will be paid a dividend of $0.8255 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 8.15%. The ex-dividend date is Friday, August 5th. Sunoco's dividend payout ratio is currently 60.33%.

Insider Activity

In related news, CEO Joseph Kim acquired 5,000 shares of the company's stock in a transaction that occurred on Thursday, June 16th. The shares were bought at an average price of $35.49 per share, with a total value of $177,450.00. Following the completion of the transaction, the chief executive officer now directly owns 5,000 shares in the company, valued at $177,450. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.