Analysts expect Sunoco LP (NYSE:SUN) to report $4.42 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Sunoco’s earnings, with estimates ranging from $3.94 billion to $4.88 billion. Sunoco posted sales of $4.76 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.1%. The business is scheduled to report its next quarterly earnings results on Wednesday, November 6th.

On average, analysts expect that Sunoco will report full year sales of $16.13 billion for the current year, with estimates ranging from $14.68 billion to $17.66 billion. For the next year, analysts anticipate that the company will post sales of $17.00 billion, with estimates ranging from $15.36 billion to $18.93 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Sunoco.

Sunoco (NYSE:SUN) last announced its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.31). Sunoco had a return on equity of 35.57% and a net margin of 1.21%. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.17 billion. During the same period in the previous year, the business earned $0.58 EPS. The business’s revenue was down 2.9% compared to the same quarter last year.

SUN has been the subject of several recent research reports. Raymond James lowered their price objective on Sunoco from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. ValuEngine lowered Sunoco from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus set a $34.00 price objective on Sunoco and gave the company a “hold” rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $30.80.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Griffin Asset Management Inc. bought a new stake in Sunoco in the 2nd quarter worth about $33,000. Royal Bank of Canada increased its holdings in Sunoco by 2.5% in the 2nd quarter. Royal Bank of Canada now owns 33,232 shares of the oil and gas company’s stock worth $1,039,000 after buying an additional 822 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its holdings in Sunoco by 44.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 15,340 shares of the oil and gas company’s stock worth $480,000 after buying an additional 4,700 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Sunoco in the 2nd quarter worth about $287,000. Finally, Stonebridge Capital Advisors LLC bought a new stake in Sunoco in the 2nd quarter worth about $59,000. Institutional investors own 44.43% of the company’s stock.

Sunoco stock traded up $0.07 on Tuesday, hitting $31.42. 145,733 shares of the stock traded hands, compared to its average volume of 293,895. The company has a current ratio of 1.24, a quick ratio of 0.78 and a debt-to-equity ratio of 4.51. The firm has a market cap of $3.12 billion, a P/E ratio of 12.18 and a beta of 0.77. The business’s fifty day simple moving average is $31.60 and its 200 day simple moving average is $31.09. Sunoco has a 1 year low of $23.80 and a 1 year high of $34.09.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were given a $0.8255 dividend. This represents a $3.30 annualized dividend and a dividend yield of 10.51%. The ex-dividend date was Monday, August 5th. Sunoco’s dividend payout ratio is presently 127.91%.

About Sunoco

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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