Sunoco LP (SUN) Upgraded at BidaskClub
BidaskClub upgraded shares of Sunoco LP (NYSE:SUN) from a sell rating to a hold rating in a research report released on Saturday morning.
A number of other research analysts have also recently weighed in on SUN. Vetr upgraded shares of Sunoco from a hold rating to a buy rating and set a $30.54 target price on the stock in a research note on Wednesday, May 3rd. Royal Bank Of Canada restated a buy rating and set a $32.00 target price on shares of Sunoco in a research note on Tuesday, June 20th. Mizuho cut shares of Sunoco from a neutral rating to an underperform rating and set a $28.00 target price on the stock. in a research note on Monday, July 10th. Deutsche Bank AG upgraded shares of Sunoco from a hold rating to a buy rating and lifted their target price for the company from $31.00 to $36.00 in a research note on Thursday, July 13th. Finally, UBS AG restated a neutral rating and set a $30.00 target price (up previously from $28.00) on shares of Sunoco in a research note on Monday, August 14th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Sunoco presently has an average rating of Hold and a consensus price target of $30.97.
Shares of Sunoco (SUN) opened at 31.03 on Friday. Sunoco has a one year low of $21.01 and a one year high of $32.67. The firm has a 50 day moving average price of $31.07 and a 200-day moving average price of $29.07. The firm’s market cap is $3.09 billion.
WARNING: “Sunoco LP (SUN) Upgraded at BidaskClub” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/08/29/sunoco-lp-sun-upgraded-at-bidaskclub.html.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, August 7th were issued a $0.8255 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 10.64%. Sunoco’s dividend payout ratio (DPR) is presently -37.37%.
Several hedge funds have recently bought and sold shares of the company. BB&T Investment Services Inc. acquired a new stake in Sunoco during the second quarter worth $100,000. Ffcm LLC acquired a new stake in Sunoco during the second quarter worth $112,000. SRS Capital Advisors Inc. increased its stake in Sunoco by 6.3% in the first quarter. SRS Capital Advisors Inc. now owns 7,123 shares of the oil and gas company’s stock worth $172,000 after buying an additional 420 shares during the period. The Manufacturers Life Insurance Company increased its stake in Sunoco by 24.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,262 shares of the oil and gas company’s stock worth $191,000 after buying an additional 1,213 shares during the period. Finally, Suntrust Banks Inc. acquired a new stake in Sunoco during the second quarter worth $235,000. Hedge funds and other institutional investors own 30.88% of the company’s stock.
Sunoco Company Profile
Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its 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. The Company operates through two segments: wholesale and retail.
Receive News & Stock Ratings for Sunoco LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco LP and related stocks with our FREE daily email newsletter.