Barclays Has Lowered Expectations for Sunoco (NYSE:SUN) Stock Price

Sunoco (NYSE:SUN) had its price objective reduced by Barclays from $62.00 to $61.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the oil and gas company’s stock.

SUN has been the topic of a number of other research reports. Mizuho upped their price objective on Sunoco from $61.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Royal Bank of Canada boosted 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.50.

Sunoco Price Performance

Shares of SUN opened at $59.14 on Friday. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of 8.96 and a beta of 1.35. Sunoco has a fifty-two week low of $49.45 and a fifty-two week high of $60.61. The firm has a 50-day simple moving average of $57.42 and a 200-day simple moving average of $54.50. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 1.27.

Sunoco (NYSE:SUN) last announced 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 net margin of 3.85% and a return on equity of 22.52%. On average, equities research analysts anticipate that Sunoco will post 10.65 earnings per share for the current year.

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 paid a $0.8865 dividend. 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 was Friday, February 7th. Sunoco’s dividend payout ratio is presently 53.64%.

Hedge Funds Weigh In On Sunoco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Sunoco in the fourth quarter valued at approximately $31,000. Independence Bank of Kentucky purchased a new stake in Sunoco in the 4th quarter valued at approximately $53,000. Steward Partners Investment Advisory LLC grew its holdings in Sunoco by 17.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,245 shares of the oil and gas company’s stock valued at $64,000 after buying an additional 182 shares during the last quarter. Global Retirement Partners LLC increased its position in Sunoco by 93.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,633 shares of the oil and gas company’s stock worth $84,000 after buying an additional 788 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Sunoco by 90.6% in the fourth quarter. Allworth Financial LP now owns 1,723 shares of the oil and gas company’s stock worth $95,000 after acquiring an additional 819 shares during the last quarter. Institutional investors and hedge funds own 24.29% of the company’s stock.

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.