Sunoco (NYSE:SUN) PT Raised to $46.00 at Mizuho

Sunoco (NYSE:SUNGet Rating) had its target price boosted by research analysts at Mizuho from $44.00 to $46.00 in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Mizuho’s price objective points to a potential upside of 14.43% from the stock’s previous close.

A number of other research analysts have also recently commented on SUN. Barclays decreased their price target on Sunoco from $47.00 to $44.00 in a research note on Wednesday, July 20th. Wells Fargo & Company cut Sunoco from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $46.00 to $41.00 in a research note on Tuesday, May 31st. Finally, StockNews.com cut Sunoco from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $45.00.

Sunoco Trading Down 0.2 %

SUN opened at $40.20 on Thursday. Sunoco has a one year low of $34.26 and a one year high of $46.95. The stock has a market capitalization of $4.03 billion, a PE ratio of 7.35 and a beta of 1.49. The business’s 50 day moving average price is $38.94 and its 200 day moving average price is $41.00. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.23 and a current ratio of 1.88.

Sunoco (NYSE:SUNGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The oil and gas company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. Sunoco had a return on equity of 63.52% and a net margin of 2.36%. The firm had revenue of $7.82 billion for the quarter, compared to analysts’ expectations of $5.63 billion. During the same period in the prior year, the firm posted $1.73 earnings per share. The firm’s quarterly revenue was up 77.9% on a year-over-year basis. As a group, equities research analysts expect that Sunoco will post 6.44 EPS for the current year.

Insider Activity

In related news, CEO Joseph Kim acquired 5,000 shares of Sunoco stock in a transaction dated Thursday, June 16th. The shares were acquired at an average cost of $35.49 per share, for a total transaction of $177,450.00. Following the completion of the purchase, the chief executive officer now owns 5,000 shares in the company, valued at $177,450. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Sunoco

Several hedge funds have recently modified their holdings of SUN. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Sunoco in the second quarter valued at $75,000. Belpointe Asset Management LLC purchased a new position in Sunoco in the second quarter valued at $102,000. Captrust Financial Advisors increased its holdings 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 buying an additional 959 shares during the last quarter. Centaurus Financial Inc. purchased a new position in Sunoco in the fourth quarter valued at $128,000. Finally, US Bancorp DE increased its holdings in Sunoco by 600.0% in the second quarter. US Bancorp DE now owns 3,500 shares of the oil and gas company’s stock valued at $131,000 after buying an additional 3,000 shares during the last quarter. 17.25% of the stock is currently owned by institutional investors and hedge funds.

Sunoco Company Profile

(Get Rating)

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.

See Also

Analyst Recommendations for Sunoco (NYSE:SUN)

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