Brokerages Set Sunoco LP (NYSE:SUN) PT at $33.44
Sunoco LP (NYSE:SUN) has been given a consensus rating of “Hold” by the seventeen analysts that are covering the firm. Eleven investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $33.44.
A number of equities analysts recently issued reports on SUN shares. Jefferies Group lowered Sunoco from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $34.00 to $24.00 in a report on Wednesday, June 8th. Vetr lowered Sunoco from a “buy” rating to a “sell” rating and set a $29.50 price objective on the stock. in a report on Wednesday, June 8th. Barclays PLC reaffirmed an “overweight” rating and issued a $32.00 price objective (down previously from $37.00) on shares of Sunoco in a report on Thursday, June 16th. Oppenheimer Holdings Inc. started coverage on Sunoco in a report on Tuesday, June 21st. They issued an “outperform” rating on the stock. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of Sunoco in a report on Tuesday, June 28th.
Hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning increased its position in shares of Sunoco by 147.1% in the second quarter. Creative Planning now owns 4,300 shares of the company’s stock valued at $129,000 after buying an additional 2,560 shares in the last quarter. BlackRock Inc. increased its position in shares of Sunoco by 8.6% in the second quarter. BlackRock Inc. now owns 5,230 shares of the company’s stock valued at $157,000 after buying an additional 412 shares in the last quarter. Invictus RG bought a new position in shares of Sunoco during the first quarter valued at about $254,000. Lebenthal Asset Management LLC bought a new position in shares of Sunoco during the second quarter valued at about $240,000. Finally, GSA Capital Partners LLP increased its position in shares of Sunoco by 9.7% in the second quarter. GSA Capital Partners LLP now owns 10,190 shares of the company’s stock valued at $305,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 41.97% of the company’s stock.
Sunoco (NYSE:SUN) opened at 29.69 on Monday. The stock has a 50 day moving average price of $30.12 and a 200-day moving average price of $31.58. Sunoco has a one year low of $22.86 and a one year high of $40.06. The stock has a market capitalization of $3.32 billion, a P/E ratio of 24.93 and a beta of 0.66.
Sunoco Company Profile
Sunoco LP, formerly Susser Petroleum Partners LP, is engaged in the retail sale of motor fuels and merchandise through the Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors.
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