Sunoco (NYSE:SUN) posted its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02, Morningstar.com reports. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Sunoco had a net margin of 1.28% and a return on equity of 38.68%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($3.74) EPS.
NYSE SUN traded up $0.15 during trading on Friday, hitting $30.15. 35,603 shares of the company’s stock traded hands, compared to its average volume of 235,534. The company has a market cap of $2.97 billion, a PE ratio of 11.69 and a beta of 0.85. Sunoco has a 12-month low of $23.80 and a 12-month high of $31.88. The company has a quick ratio of 0.81, a current ratio of 1.32 and a debt-to-equity ratio of 4.40.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were issued a dividend of $0.8255 per share. This represents a $3.30 annualized dividend and a yield of 10.95%. The ex-dividend date of this dividend was Monday, May 6th. Sunoco’s dividend payout ratio (DPR) is presently 127.91%.
A number of equities analysts recently weighed in on SUN shares. Credit Suisse Group boosted their price target on shares of Sunoco from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, February 22nd. Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of Sunoco in a report on Thursday, May 9th. Barclays downgraded shares of Sunoco from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $34.00 to $32.00 in a report on Tuesday, April 16th. Zacks Investment Research downgraded shares of Sunoco from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Finally, ValuEngine raised shares of Sunoco from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.33.
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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