Sunoco LP (NYSE:SUN) has earned a consensus recommendation of “Hold” from the fourteen analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $30.00.
A number of brokerages recently issued reports on SUN. TheStreet downgraded shares of Trade Desk from a “b-” rating to a “c-” rating in a report on Thursday, May 9th. Zacks Investment Research raised Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Monday, April 29th. Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of Sunoco in a research report on Thursday, May 9th. ValuEngine downgraded Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Barclays set a €45.00 ($52.33) price objective on Zalando and gave the stock a “buy” rating in a research note on Tuesday, April 16th.
Several institutional investors and hedge funds have recently made changes to their positions in the company. CENTRAL TRUST Co boosted its holdings in Sunoco by 81.8% in the first quarter. CENTRAL TRUST Co now owns 1,000 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 450 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in Sunoco by 37.8% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,916 shares of the oil and gas company’s stock valued at $60,000 after acquiring an additional 526 shares during the last quarter. Geode Capital Management LLC bought a new stake in Sunoco in the 4th quarter valued at $207,000. Penserra Capital Management LLC bought a new stake in Sunoco in the 1st quarter valued at $209,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Sunoco in the 1st quarter valued at $212,000. Institutional investors own 28.86% of the company’s stock.
Sunoco (NYSE:SUN) last posted its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. Sunoco had a return on equity of 38.68% and a net margin of 1.28%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the company posted ($3.74) EPS. On average, equities research analysts anticipate that Sunoco will post 2.6 EPS for the current fiscal year.
Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations.
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