Sunoco LP Company Profile (NYSE:SUN)

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

Sunoco LP announced a quarterly dividend on Wednesday, July 26th. Investors of record on Monday, August 7th will be paid a dividend of $0.8255 per share on Tuesday, August 15th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 10.85%. The ex-dividend date is Thursday, August 3rd. View Sunoco LP's Dividend History.

Sunoco LP (NYSE:SUN) announced its quarterly earnings data on Thursday, May, 5th. The company reported $0.47 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.58 by $0.11. The business earned $3.20 billion during the quarter, compared to analyst estimates of $3.83 billion. Sunoco LP had a positive return on equity of 7.16% and a negative net margin of 5.00%. View Sunoco LP's Earnings History.

Sunoco LP is scheduled to release their next quarterly earnings announcement on Wednesday, November, 8th 2017. View Earnings Estimates for Sunoco LP.

13 brokerages have issued 12 month target prices for Sunoco LP's shares. Their forecasts range from $21.00 to $37.00. On average, they expect Sunoco LP's stock price to reach $30.92 in the next year. View Analyst Ratings for Sunoco LP.

Here are some recent quotes from research analysts about Sunoco LP stock:

• 1. Citigroup Inc. analysts commented, "art of the deal."Faisel referenced a deal Sunoco struck with the convenience store chain Seven-11 in which Sunoco agreed to sell 1,110 of its retail stores. In fact, the analyst believes that Sunoco's management is the "best deal team in the game."According to Faisel, Sunoco's management team has proven to be among the best in its space in terms of deal execution. Prior to the deal with Seven-11, Sunoco was not only "significantly" overlevered but unable to cover its distributions and "headed for capitulation."With this sale, that narrative appears to have changed dramatically," the analyst wrote.Why Just A Neutral Rating?The analyst reiterated that while the asset sale is a "game changing" move, it doesn't fully erase the case against owning the stock. Specifically, the company's management didn't provide answers to key questions around the deal, including the tax implications of the transaction and plans to address an apparent hole in coverage.Faisel also argued that similar "aggressive deal making" in the past is responsible for Sunoco's unit prices to tumble for a multi-year high of $37.25 to a low of $21.01 before the Seven-11 deal prompted a sharp rebound."As we ponder all the qualitative and quantitative analysis we have done to date on SUN, we have decided that the most practical advice we can give investors who choose to invest in SUN is to follow the smart money," the analyst concluded. "The smartest money here is inside money. If SUN's GP required a 10 percent yield on preferred securities, which are senior to SUN LP units. We would not recommend investors bid the LP units above a 10 percent yield." (4/25/2017)
• 2. FBR & Co analysts commented, "ASNA hosted an investor day on January 18, 2017, where management provided updated enterprise transformation initiatives, which include leveraging ASNA’s centers of excellence within brand services and corporate. ASNA gave details on its new $150M transformational cost savings goal, which it believes is achievable by FY19 and likely beatable. ASNA also gave an update on each brand’s strategy and reiterated guidance provided last week at ICR for EPS of ($0.11)–($0.08)/$0.37– $0.42 in F2Q17/FY17. We are lowering our F2Q17 EPS estimate to ($0.10) from ($0.03) and our FY17 EPS estimate to $0.40 from $0.56." (1/19/2017)
• 3. According to Zacks Investment Research, "Sunoco LP operates as a wholesale fuel distributor. It engages in distributing motor fuel to convenience stores, independent dealers, commercial customers and distributors. The Company also operates convenience stores and retail fuel sites. Sunoco LP, formerly known as Susser Petroleum Partners LP, is based in Houston, Texas. " (10/13/2016)

Some companies that are related to Sunoco LP include Enable Midstream Partners, LP (ENBL), Enbridge Energy, L.P. (EEP), Antero Resources Corporation (AR), EQT Midstream Partners, LP (EQM), Antero Midstream Partners LP (AM), Rice Energy (RICE), EnLink Midstream Partners, LP (ENLK), Tesoro Logistics LP (ANDX), Phillips 66 Partners LP (PSXP), Newfield Exploration Company (NFX), First Solar (FSLR), RSP Permian (RSPP), HollyFrontier Corporation (HFC), Energen Corporation (EGN), Helmerich & Payne (HP), Shell Midstream Partners, L.P. (SHLX), Gazprom OAO (OGZPY) and Subsea 7 SA (SUBCY).

Sunoco LP's management team includes the folowing people:

• Matthew S. Ramsey J.D., Chairman of the Board of General Partner
• Joseph Kim, President, Chief Operating Officer of General Partner
• Robert W. Owens, Chief Executive Officer, Director of General Partner
• Thomas R. Miller, Chief Financial Officer of General Partner
• Cynthia A. Archer, Executive Vice President, Chief Marketing Officer of General Partner
• Christopher R. Curia, Executive Vice President - Human Resources, Director of General Partner
• Karl R. Fails, Executive Vice President - Supply and Trading of General Partner
• Boyd E. Foster, Executive Vice President - Manufacturing and Distribution of General Partner
• S. Blake Heinemann, Executive Vice President - Operations East of General Partner
• R. Bradley Williams, Executive Vice President - Operations West of General Partner

Sunoco LP's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Goldman Sachs Group Inc. (1.35%), JPMorgan Chase & Co. (1.28%), Duff & Phelps Investment Management Co. (0.76%), Bank of Montreal Can (0.31%), Adams Asset Advisors LLC (0.25%) and Spirit of America Management Corp NY (0.18%). View Institutional Ownership Trends for Sunoco LP.

Sunoco LP's stock was sold by a variety of institutional investors in the last quarter, including Royal Bank of Canada, Wells Fargo & Company MN, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Creative Planning, ELCO Management Co. LLC, Van ECK Associates Corp, First Heartland Consultants Inc. and Adams Asset Advisors LLC. View Insider Buying and Selling for Sunoco LP.

Sunoco LP's stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Bank of Montreal Can, Northwestern Mutual Investment Management Company LLC, Rafferty Asset Management LLC, Quinn Opportunity Partners LLC, Peak Capital Management LLC, Arrow Investment Advisors LLC and Goldman Sachs Group Inc.. View Insider Buying and Selling for Sunoco LP.

Shares of Sunoco LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Sunoco LP stock can currently be purchased for approximately $30.44.