Barclays Has Lowered Expectations for Sunoco (NYSE:SUN) Stock Price

Sunoco (NYSE:SUN - Free Report) had its price target lowered by Barclays from $62.00 to $61.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the oil and gas company's stock.

Several other equities analysts also recently commented on SUN. Mizuho upped their price target on shares of Sunoco from $61.00 to $66.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Royal Bank of Canada increased their target price on shares of Sunoco from $63.00 to $64.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $63.50.

Sunoco Stock Performance

SUN traded up $0.23 on Friday, reaching $58.29. The company had a trading volume of 43,274 shares, compared to its average volume of 507,182. The stock has a market cap of $8.90 billion, a P/E ratio of 8.83 and a beta of 1.35. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 1.27. Sunoco has a fifty-two week low of $49.45 and a fifty-two week high of $60.61. The company's fifty day moving average is $57.49 and its 200 day moving average is $54.54.

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Sunoco (NYSE:SUN - Get Free Report) last announced its earnings results on Tuesday, February 11th. The oil and gas company reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.73). Sunoco had a return on equity of 22.52% and a net margin of 3.85%. As a group, analysts predict that Sunoco will post 10.65 earnings per share for the current fiscal year.

Sunoco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued a dividend of $0.8865 per share. The ex-dividend date was Friday, February 7th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 6.08%. This is a boost from Sunoco's previous quarterly dividend of $0.88. Sunoco's payout ratio is 53.64%.

Institutional Trading of Sunoco

Several large investors have recently bought and sold shares of SUN. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Sunoco by 13.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,983 shares of the oil and gas company's stock worth $256,000 after acquiring an additional 592 shares during the last quarter. State of Wyoming bought a new position in Sunoco in the 4th quarter valued at approximately $102,000. Recurrent Investment Advisors LLC lifted its stake in Sunoco by 2.9% in the 4th quarter. Recurrent Investment Advisors LLC now owns 888,862 shares of the oil and gas company's stock valued at $45,723,000 after purchasing an additional 24,686 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Sunoco by 5.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,608,701 shares of the oil and gas company's stock valued at $134,192,000 after buying an additional 128,042 shares in the last quarter. Finally, Cresset Asset Management LLC grew its stake in shares of Sunoco by 58.8% during the fourth quarter. Cresset Asset Management LLC now owns 11,097 shares of the oil and gas company's stock worth $571,000 after buying an additional 4,109 shares during the last quarter. 24.29% of the stock is owned by institutional investors and hedge funds.

About Sunoco

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates through two segments: Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel, as well as other petroleum products, such as propane and lubricating oil from independent refiners and oil companies and supplies it to company-operated retail stores, independently operated commission agents, and retail stores, as well as other commercial customers, including unbranded retail stores, other fuel distributors, school districts, municipalities, and other industrial customers.