Sunoco (NYSE:SUN) Sets New 12-Month Low - What's Next?

Shares of Sunoco LP (NYSE:SUN - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $48.00 and last traded at $48.96, with a volume of 140840 shares traded. The stock had previously closed at $52.84.

Analysts Set New Price Targets

SUN has been the topic of a number of recent analyst reports. Mizuho boosted their price target on shares of Sunoco from $66.00 to $68.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Barclays lowered their price objective on Sunoco from $62.00 to $61.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $63.83.

Sunoco Price Performance

The firm has a market cap of $8.19 billion, a PE ratio of 8.13 and a beta of 1.06. 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 company has a 50 day moving average price of $56.92 and a 200 day moving average price of $54.53.

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

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Sunoco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were given a $0.8865 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Sunoco's previous quarterly dividend of $0.88. This represents a $3.55 annualized dividend and a dividend yield of 6.61%. Sunoco's payout ratio is currently 53.64%.

Institutional Trading of Sunoco

Several large investors have recently modified their holdings of the business. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Sunoco during the fourth quarter valued at $31,000. Independence Bank of Kentucky purchased a new stake in shares of Sunoco during the fourth quarter worth about $53,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Sunoco by 17.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,245 shares of the oil and gas company's stock worth $64,000 after buying an additional 182 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Sunoco by 93.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,633 shares of the oil and gas company's stock valued at $84,000 after buying an additional 788 shares during the last quarter. Finally, Transce3nd LLC purchased a new position in shares of Sunoco during the fourth quarter valued at approximately $90,000. 24.29% of the stock is currently owned by institutional investors and hedge funds.

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.