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 "buy" SUN shares.
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6 Wall Street research analysts have issued 12 month price targets for Sunoco's stock. Their SUN share price forecasts range from $47.00 to $53.00. On average, they anticipate the company's stock price to reach $50.29 in the next twelve months. This suggests a possible upside of 14.2% from the stock's current price.
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Sunoco's stock was trading at $43.10 at the beginning of the year. Since then, SUN shares have increased by 2.2% and is now trading at $44.04.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our SUN earnings forecast.

Sunoco LP (NYSE:SUN) posted its quarterly earnings data on Tuesday, May, 2nd. The oil and gas company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.20. The oil and gas company earned $5.36 billion during the quarter, compared to the consensus estimate of $5.01 billion. Sunoco had a net margin of 1.56% and a trailing twelve-month return on equity of 41.03%. The company's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted $2.32 earnings per share.

Sunoco declared a quarterly dividend on Wednesday, April 26th. Investors of record on Monday, May 8th will be given a dividend of $0.842 per share on Monday, May 22nd. This represents a $3.37 annualized dividend and a yield of 7.65%. The ex-dividend date of this dividend is Friday, May 5th. This is a positive change from the stock's previous quarterly dividend of $0.83.
Read our dividend analysis for SUN.

ETFs with the largest weight of Sunoco (NYSE:SUN) stock in their portfolio include Global X Alternative Income ETF (ALTY), GraniteShares HIPS US High Income ETF (HIPS), Arrow Dow Jones Global Yield ETF (GYLD), First Trust Multi-Asset Diversified Income Index Fund (MDIV),

Sunoco (NYSE:SUN) pays an annual dividend of $3.37 per share and currently has a dividend yield of 7.65%. 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 89.15%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SUN will have a dividend payout ratio of 74.72% next year. This indicates that the company will be able to sustain or increase its 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 number of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (1.30%), Citigroup Inc. (0.33%), UBS Group AG (0.29%), Bridgecreek Investment Management LLC (0.26%), Bank of America Corp DE (0.21%) and Raymond James Financial Services Advisors Inc. (0.20%). 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 $44.04.

Sunoco (NYSE:SUN) has a market capitalization of $4.42 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 $3.78 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.