Analysts Set Sunoco LP (NYSE:SUN) PT at $62.25

Sunoco LP (NYSE:SUN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $62.25.

A number of brokerages recently commented on SUN. Barclays lowered their price target on shares of Sunoco from $61.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday, July 10th. StockNews.com cut Sunoco from a "buy" rating to a "hold" rating in a report on Thursday, August 8th. Royal Bank of Canada increased their price target on Sunoco from $60.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Sunoco from $61.00 to $63.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 4th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SUN. Tortoise Capital Advisors L.L.C. increased its holdings in Sunoco by 26,345.6% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,351,368 shares of the oil and gas company's stock worth $76,406,000 after purchasing an additional 1,346,258 shares during the period. International Assets Investment Management LLC grew its position in shares of Sunoco by 5,437.3% during the 3rd quarter. International Assets Investment Management LLC now owns 572,779 shares of the oil and gas company's stock worth $30,747,000 after buying an additional 562,435 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Sunoco by 176.6% in the second quarter. Clearbridge Investments LLC now owns 700,229 shares of the oil and gas company's stock valued at $39,591,000 after acquiring an additional 447,072 shares in the last quarter. Adams Asset Advisors LLC raised its holdings in shares of Sunoco by 82.3% in the second quarter. Adams Asset Advisors LLC now owns 571,538 shares of the oil and gas company's stock valued at $32,315,000 after acquiring an additional 258,103 shares in the last quarter. Finally, Energy Income Partners LLC purchased a new stake in Sunoco in the first quarter worth about $10,494,000. 24.29% of the stock is currently owned by institutional investors.

Sunoco Price Performance

NYSE SUN traded down $0.04 on Friday, reaching $52.21. The company had a trading volume of 309,223 shares, compared to its average volume of 524,086. The firm's 50 day moving average price is $53.13 and its 200 day moving average price is $53.94. Sunoco has a 12 month low of $49.00 and a 12 month high of $64.89. The stock has a market capitalization of $7.96 billion, a PE ratio of 6.91 and a beta of 1.30. The company has a quick ratio of 0.72, a current ratio of 1.26 and a debt-to-equity ratio of 1.69.

Sunoco (NYSE:SUN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $3.85 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $2.62. The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $5.63 billion. Sunoco had a return on equity of 41.76% and a net margin of 3.80%. The firm's revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 earnings per share. As a group, equities analysts predict that Sunoco will post 8.09 earnings per share for the current year.

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.