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 Upgrades and Downgrades

Several research analysts have weighed in on SUN shares. Mizuho lifted their target price on Sunoco from $44.00 to $46.00 and gave the stock a "buy" rating in a report on Thursday, August 4th. Barclays cut their price target on Sunoco from $47.00 to $44.00 in a report on Wednesday, July 20th. StockNews.com lowered Sunoco from a "buy" rating to a "hold" rating in a report on Monday, August 1st. Finally, Wells Fargo & Company lowered 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 report on Tuesday, May 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Sunoco presently has a consensus rating of "Hold" and an average price target of $45.00.

Sunoco Price Performance

NYSE:SUN opened at $38.85 on Tuesday. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.95 and a current ratio of 1.45. The stock's 50-day simple moving average is $38.89 and its 200 day simple moving average is $40.93. The company has a market cap of $3.89 billion, a P/E ratio of 7.10 and a beta of 1.49. Sunoco has a 52-week low of $34.26 and a 52-week high of $46.95.

Sunoco (NYSE:SUN - Get Rating) last released its earnings results on Wednesday, August 3rd. The oil and gas company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.06. The business 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%. Sunoco's quarterly revenue was up 77.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 earnings per share. As a group, sell-side analysts forecast that Sunoco will post 6.44 EPS for the current fiscal year.

Sunoco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Monday, August 8th will be given a dividend of $0.8255 per share. This represents a $3.30 dividend on an annualized basis and a yield of 8.50%. The ex-dividend date is Friday, August 5th. Sunoco's dividend payout ratio (DPR) is presently 60.33%.

Insiders Place Their Bets

In other Sunoco news, CEO Joseph Kim purchased 5,000 shares of the stock in a transaction on Thursday, June 16th. The shares were purchased 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 legal filing with the SEC, which can be accessed through this link.