Sunoco (NYSE:SUN) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Several other equities analysts have also weighed in on SUN. Zacks Investment Research lowered Sunoco from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Robert W. Baird lowered Sunoco from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $34.00 to $30.00 in a research note on Thursday, March 7th. They noted that the move was a valuation call. Credit Suisse Group lifted their price objective on Sunoco from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, February 22nd. UBS Group raised Sunoco from a “neutral” rating to a “buy” rating in a research note on Friday, February 22nd. Finally, Goldman Sachs Group raised Sunoco from a “sell” rating to a “neutral” rating in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.10.

NYSE SUN opened at $30.58 on Wednesday. The stock has a market capitalization of $3.02 billion, a PE ratio of 11.85 and a beta of 0.87. Sunoco has a 1-year low of $23.80 and a 1-year high of $31.33. The company has a current ratio of 1.05, a quick ratio of 0.61 and a debt-to-equity ratio of 3.80.

Sunoco (NYSE:SUN) last released its quarterly earnings data on Wednesday, February 20th. The oil and gas company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.13). The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $4.43 billion. Sunoco had a negative net margin of 1.22% and a positive return on equity of 33.77%. The business’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.01 earnings per share. Sell-side analysts expect that Sunoco will post 2.48 EPS for the current fiscal year.

In related news, EVP Christopher Curia purchased 10,000 shares of Sunoco stock in a transaction that occurred on Friday, December 20th. The shares were purchased at an average cost of $26.69 per share, with a total value of $266,900.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have purchased a total of 11,400 shares of company stock worth $306,227 over the last three months.

Institutional investors have recently added to or reduced their stakes in the stock. Resources Investment Advisors Inc. acquired a new position in Sunoco during the 4th quarter worth approximately $41,000. Security National Bank of Sioux City Iowa IA purchased a new stake in Sunoco during the 3rd quarter worth approximately $207,000. Geode Capital Management LLC purchased a new stake in Sunoco during the 4th quarter worth approximately $207,000. Lake Point Wealth Management purchased a new stake in Sunoco during the 4th quarter worth approximately $228,000. Finally, Stifel Financial Corp purchased a new stake in Sunoco during the 4th quarter worth approximately $266,000. 29.41% of the stock is currently owned by hedge funds and other institutional investors.

Sunoco Company Profile

Sunoco LP, together with its subsidiaries, engages in the wholesale distribution and retail sale of motor fuels primarily in the United States. The company operates through two segments, Wholesale and Retail. It serves convenience stores and commission agent locations, contracted independent convenience store operators, and other commercial customers.

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Analyst Recommendations for Sunoco (NYSE:SUN)

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