FY2027 Earnings Estimate for Sunoco Issued By Zacks Research

Sunoco LP (NYSE:SUN) – Equities researchers at Zacks Research issued their FY2027 EPS estimates for Sunoco in a research report issued 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.

SUN has been the topic of a number of other research reports. Mizuho lifted their price target 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 lifted their target price on shares of Sunoco from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Barclays upped their price target on shares of Sunoco from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.83.

Sunoco Stock Down 0.9 %

Shares of Sunoco stock opened at $56.91 on Wednesday. Sunoco has a 12-month low of $49.45 and a 12-month high of $64.42. The firm has a market capitalization of $8.69 billion, a PE ratio of 8.62 and a beta of 1.36. The company has a quick ratio of 0.66, a current ratio of 1.27 and a debt-to-equity ratio of 1.84. The stock’s fifty day moving average is $55.50 and its 200-day moving average is $53.94.

Sunoco (NYSE:SUN) last posted its quarterly earnings results 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 net margin of 3.85% and a return on equity of 22.52%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake 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 buying an additional 455,361 shares during the period. Barclays PLC raised its holdings in shares of Sunoco by 908,833.3% during the third quarter. Barclays PLC now owns 436,288 shares of the oil and gas company’s stock worth $23,419,000 after acquiring an additional 436,240 shares in the last quarter. ING Groep NV boosted its position in Sunoco by 223.7% during the fourth quarter. ING Groep NV now owns 513,715 shares of the oil and gas company’s stock valued at $26,426,000 after purchasing an additional 355,000 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Sunoco in the fourth quarter valued at about $17,739,000. Finally, CIBC Private Wealth Group LLC increased its position 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 purchasing an additional 230,634 shares during the last quarter. Institutional investors and hedge funds own 24.29% of the company’s stock.

Sunoco Increases Dividend

The business also recently declared 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 is a boost from Sunoco’s previous quarterly dividend of $0.88. This represents a $3.55 annualized dividend and a dividend yield of 6.23%. The ex-dividend date of this dividend was Friday, February 7th. Sunoco’s dividend payout ratio (DPR) 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.