Zacks Research Estimates Sunoco's FY2027 Earnings (NYSE:SUN)

Sunoco LP (NYSE:SUN - Free Report) - Equities researchers at Zacks Research issued their FY2027 EPS estimates for shares of Sunoco in a note issued to investors on Monday, March 3rd. Zacks Research analyst R. Department forecasts that the oil and gas company will earn $9.04 per share for the year. The consensus estimate for Sunoco's current full-year earnings is $10.65 per share.

A number of other equities analysts have also recently issued reports on the stock. Royal Bank of Canada upped their price target on shares of Sunoco from $63.00 to $64.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Barclays upped their price target on shares of Sunoco from $60.00 to $63.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Finally, Mizuho upped their price target on shares of Sunoco from $61.00 to $66.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $63.83.

Sunoco Stock Down 0.2 %

Sunoco stock traded down $0.09 during mid-day trading on Wednesday, reaching $56.81. The stock had a trading volume of 400,853 shares, compared to its average volume of 528,399. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 8.61 and a beta of 1.35. The company has a 50-day moving average price of $55.61 and a two-hundred day moving average price of $53.96. Sunoco has a one year low of $49.45 and a one year high of $63.66. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.27 and a quick ratio of 0.66.

Remove Ads

Sunoco (NYSE:SUN - Get Free Report) last released 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%.

Institutional Investors Weigh In On Sunoco

Several hedge funds and other institutional investors have recently made changes to their positions in SUN. JPMorgan Chase & Co. increased its position in shares of Sunoco by 26.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,191,570 shares of the oil and gas company's stock valued at $117,644,000 after purchasing an additional 455,361 shares during the last quarter. Barclays PLC increased its position in shares of Sunoco by 908,833.3% during the 3rd quarter. Barclays PLC now owns 436,288 shares of the oil and gas company's stock valued at $23,419,000 after purchasing an additional 436,240 shares during the last quarter. ING Groep NV increased its holdings in Sunoco by 223.7% in the 4th quarter. ING Groep NV now owns 513,715 shares of the oil and gas company's stock worth $26,426,000 after acquiring an additional 355,000 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Sunoco in the 4th quarter worth approximately $17,739,000. Finally, CIBC Private Wealth Group LLC increased its holdings in Sunoco by 32,166.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 231,351 shares of the oil and gas company's stock worth $12,137,000 after acquiring an additional 230,634 shares in the last quarter. Hedge funds and other institutional investors own 24.29% of the company's stock.

Sunoco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid a dividend of $0.8865 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $3.55 annualized dividend and a yield of 6.24%. This is a boost from Sunoco's previous quarterly dividend of $0.88. Sunoco's dividend payout ratio is currently 53.64%.

Sunoco Company Profile

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.