Sunoco (NYSE:SUN) Reaches New 52-Week Low at $34.49

Sunoco LP (NYSE:SUNGet Rating) shares hit a new 52-week low during trading on Friday . The stock traded as low as $34.49 and last traded at $34.83, with a volume of 4695 shares. The stock had previously closed at $35.83.

SUN has been the topic of several analyst reports. Wells Fargo & Company lowered shares of Sunoco from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $46.00 to $41.00 in a research note on Tuesday, May 31st. Citigroup raised shares of Sunoco from a “neutral” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Wednesday, February 23rd. StockNews.com downgraded Sunoco from a “buy” rating to a “hold” rating in a research report on Wednesday, June 1st. Finally, Mizuho increased their target price on Sunoco from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, February 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $44.43.

The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 5.97 and a beta of 1.53. The business has a fifty day moving average price of $41.33 and a 200 day moving average price of $41.42. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.88 and a quick ratio of 1.23.

Sunoco (NYSE:SUNGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The oil and gas company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $1.43. The company had revenue of $5.40 billion during the quarter, compared to analyst estimates of $4.50 billion. Sunoco had a return on equity of 70.31% and a net margin of 3.00%. The company’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.60 earnings per share. As a group, sell-side analysts predict that Sunoco LP will post 6.66 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 19th. Investors of record on Monday, May 9th were paid a $0.8255 dividend. The ex-dividend date of this dividend was Friday, May 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 9.52%. Sunoco’s payout ratio is 55.00%.

Several hedge funds and other institutional investors have recently modified their holdings of SUN. NEXT Financial Group Inc raised its stake in shares of Sunoco by 103.1% in the fourth quarter. NEXT Financial Group Inc now owns 928 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 471 shares in the last quarter. Moors & Cabot Inc. bought a new stake in Sunoco in the third quarter valued at $54,000. Captrust Financial Advisors grew its position in Sunoco by 60.3% in the first quarter. Captrust Financial Advisors now owns 2,549 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 959 shares during the period. Newbridge Financial Services Group Inc. grew its position in Sunoco by 82.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,691 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 1,220 shares during the period. Finally, Centaurus Financial Inc. bought a new stake in Sunoco in the fourth quarter valued at $128,000. Institutional investors and hedge funds own 17.25% of the company’s stock.

Sunoco Company Profile (NYSE:SUN)

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates in two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and 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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