Sunoco LP (NYSE:SUN) Receives $63.67 Consensus Price Target from Analysts

Shares of Sunoco LP (NYSE:SUN - Get Free Report) have been given a consensus rating of "Buy" by the six research firms that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $63.50.

A number of equities research analysts have commented on SUN shares. Mizuho lifted their target price on Sunoco from $61.00 to $66.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Barclays reduced their price objective on shares of Sunoco from $62.00 to $61.00 and set an "overweight" rating on the stock in a report on Friday. Finally, 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 note on Monday, December 9th.

Institutional Trading of Sunoco

Hedge funds have recently made changes to their positions in the business. Invesco Ltd. grew its holdings in shares of Sunoco by 2.3% in the fourth quarter. Invesco Ltd. now owns 8,868,926 shares of the oil and gas company's stock valued at $456,218,000 after purchasing an additional 198,859 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 worth $134,192,000 after acquiring an additional 128,042 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sunoco by 26.2% in the third quarter. JPMorgan Chase & Co. now owns 2,191,570 shares of the oil and gas company's stock worth $117,644,000 after acquiring an additional 455,361 shares in the last quarter. Infrastructure Capital Advisors LLC increased its position in shares of Sunoco by 3.1% during the third quarter. Infrastructure Capital Advisors LLC now owns 1,087,407 shares of the oil and gas company's stock worth $58,372,000 after acquiring an additional 32,239 shares during the period. Finally, Recurrent Investment Advisors LLC raised its holdings in Sunoco by 2.9% in the fourth quarter. Recurrent Investment Advisors LLC now owns 888,862 shares of the oil and gas company's stock valued at $45,723,000 after acquiring an additional 24,686 shares in the last quarter. Institutional investors and hedge funds own 24.29% of the company's stock.

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Sunoco Trading Up 0.9 %

Sunoco stock traded up $0.54 during midday trading on Tuesday, hitting $59.14. 259,700 shares of the stock were exchanged, compared to its average volume of 510,317. The company has a current ratio of 1.27, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. The stock's 50-day simple moving average is $57.42 and its 200 day simple moving average is $54.47. Sunoco has a fifty-two week low of $49.45 and a fifty-two week high of $60.61. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 8.96 and a beta of 1.35.

Sunoco (NYSE:SUN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The oil and gas company reported $0.75 earnings per share (EPS) 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%. On average, equities analysts anticipate that Sunoco will post 10.65 EPS for the current year.

Sunoco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were issued a dividend of $0.8865 per share. This represents a $3.55 dividend on an annualized basis and a yield of 6.00%. This is a boost from Sunoco's previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Friday, February 7th. Sunoco's dividend payout ratio (DPR) is 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.