Analysts at Mizuho started coverage on shares of Sunoco LP (NYSE:SUN) in a report released on Thursday. The firm set a “neutral” rating and a $31.00 price target on the stock. Mizuho’s target price indicates a potential upside of 6.86% from the company’s current price.

A number of other equities research analysts also recently issued reports on SUN. Credit Suisse Group AG set a $33.00 price objective on Sunoco and gave the company a “hold” rating in a research report on Saturday, August 6th. Morgan Stanley began coverage on Sunoco in a research report on Monday, August 15th. They set an “equal weight” rating and a $32.00 price objective on the stock. Vetr restated a “strong-buy” rating on shares of Sunoco in a research report on Thursday, August 11th. Barclays PLC restated an “equal weight” rating and set a $32.00 price objective on shares of Sunoco in a research report on Thursday, July 7th. Finally, Zacks Investment Research upgraded Sunoco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Sunoco currently has an average rating of “Hold” and a consensus price target of $34.76.

Sunoco (NYSE:SUN) opened at 29.01 on Thursday. Sunoco has a 1-year low of $22.86 and a 1-year high of $40.06. The stock has a market cap of $3.24 billion, a PE ratio of 24.36 and a beta of 0.66. The stock has a 50 day moving average price of $30.08 and a 200-day moving average price of $31.53.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Gilman Hill Asset Management LLC increased its position in shares of Sunoco by 1.2% in the second quarter. Gilman Hill Asset Management LLC now owns 10,375 shares of the company’s stock worth $311,000 after buying an additional 125 shares in the last quarter. Youngs Advisory Group Inc. increased its position in shares of Sunoco by 3.2% in the second quarter. Youngs Advisory Group Inc. now owns 12,913 shares of the company’s stock worth $387,000 after buying an additional 404 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 worth $157,000 after buying an additional 412 shares in the last quarter. 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 worth $305,000 after buying an additional 900 shares in the last quarter. Finally, State Street Corp increased its position in shares of Sunoco by 4.1% in the first quarter. State Street Corp now owns 24,046 shares of the company’s stock worth $796,000 after buying an additional 941 shares in the last quarter. Institutional investors and hedge funds own 41.97% of the company’s stock.

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.

5 Day Chart for NYSE:SUN

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