Sunoco LP (NYSE:SUN) Receives $63.83 Consensus Price Target from Analysts

Shares of Sunoco LP (NYSE:SUN - Get Free Report) have received an average rating of "Buy" from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have covered the stock in the last year is $63.83.

SUN has been the subject of several research reports. Mizuho upped their target price on Sunoco from $61.00 to $66.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Royal Bank of Canada raised their target price on shares of Sunoco from $63.00 to $64.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Finally, Barclays boosted their price target on Sunoco from $60.00 to $63.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of Sunoco by 12.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,391 shares of the oil and gas company's stock worth $236,000 after acquiring an additional 489 shares during the period. Crescent Grove Advisors LLC lifted its stake in Sunoco by 128.9% in the third quarter. Crescent Grove Advisors LLC now owns 21,886 shares of the oil and gas company's stock worth $1,175,000 after acquiring an additional 12,326 shares during the period. CWA Asset Management Group LLC purchased a new position in Sunoco during the 3rd quarter valued at about $221,000. Avid Wealth Partners LLC bought a new stake in shares of Sunoco in the 3rd quarter valued at about $850,000. Finally, ING Groep NV purchased a new stake in shares of Sunoco in the 3rd quarter worth approximately $8,520,000. 24.29% of the stock is owned by hedge funds and other institutional investors.

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Sunoco Stock Performance

Shares of Sunoco stock traded down $0.15 during trading hours on Friday, reaching $58.67. The company had a trading volume of 217,558 shares, compared to its average volume of 529,202. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.27 and a quick ratio of 0.66. The firm has a market cap of $8.96 billion, a PE ratio of 8.91 and a beta of 1.36. Sunoco has a one year low of $49.45 and a one year high of $64.89. The business has a fifty day simple moving average of $55.12 and a 200 day simple moving average of $53.84.

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

Sunoco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were given a dividend of $0.8865 per share. This represents a $3.55 annualized dividend and a yield of 6.04%. This is a positive change from Sunoco's previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Friday, February 7th. Sunoco's payout ratio is 53.64%.

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.