Stifel Nicolaus initiated coverage on shares of Sunoco (NYSE:SUN) in a report published on Friday, BenzingaRatingsTable reports. The brokerage issued a hold rating and a $35.00 target price on the oil and gas company’s stock.

SUN has been the topic of several other reports. Zacks Investment Research raised shares of Triple-S Management from a hold rating to a buy rating and set a $26.00 price target on the stock in a report on Monday, April 29th. TheStreet cut shares of Trade Desk from a b- rating to a c- rating in a report on Thursday, May 9th. Mitsubishi UFJ Financial Group reissued a neutral rating on shares of Sunoco in a report on Thursday, May 9th. Finally, Barclays set a €45.00 ($52.33) target price on shares of Zalando and gave the stock a buy rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $30.67.

SUN opened at $33.39 on Friday. The firm has a market capitalization of $3.31 billion, a PE ratio of 12.94 and a beta of 0.77. The company has a fifty day moving average of $31.52. The company has a quick ratio of 0.81, a current ratio of 1.32 and a debt-to-equity ratio of 4.40. Sunoco has a 12-month low of $23.80 and a 12-month high of $33.96.

Sunoco (NYSE:SUN) last posted its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Sunoco had a net margin of 1.28% and a return on equity of 38.68%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company posted ($3.74) earnings per share. On average, sell-side analysts predict that Sunoco will post 2.6 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. CENTRAL TRUST Co lifted its stake in Sunoco by 81.8% during the first quarter. CENTRAL TRUST Co now owns 1,000 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 450 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Sunoco by 37.8% during the first 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 buying an additional 526 shares in the last quarter. Geode Capital Management LLC purchased a new stake in Sunoco during the fourth quarter valued at about $207,000. Penserra Capital Management LLC purchased a new stake in Sunoco during the first quarter valued at about $209,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Sunoco during the first quarter valued at about $212,000. Institutional investors own 28.86% of the company’s stock.

Sunoco Company Profile

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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Analyst Recommendations for Sunoco (NYSE:SUN)

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