Sunoco (NYSE:SUN) Rating Increased to Sell at ValuEngine

Sunoco (NYSE:SUN) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday, ValuEngine reports.

A number of other brokerages have also commented on SUN. Raymond James decreased their price objective on shares of Sunoco from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Stifel Nicolaus set a $34.00 price objective on shares of Sunoco and gave the stock a “hold” rating in a report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.00.

SUN opened at $31.52 on Thursday. The firm’s 50-day simple moving average is $31.31 and its 200-day simple moving average is $31.28. The company has a debt-to-equity ratio of 4.51, a quick ratio of 0.78 and a current ratio of 1.24. Sunoco has a twelve month low of $23.80 and a twelve month high of $34.09. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 11.92 and a beta of 0.77.

Sunoco (NYSE:SUN) last issued its quarterly earnings data 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 company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same period in the prior year, the company earned $0.58 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sunoco will post 2.23 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. Griffin Asset Management Inc. bought a new stake in Sunoco during the 2nd quarter worth about $33,000. Steward Partners Investment Advisory LLC bought a new stake in Sunoco during the 2nd quarter worth about $41,000. Tower Research Capital LLC TRC bought a new stake in Sunoco during the 2nd quarter worth about $44,000. Stonebridge Capital Advisors LLC bought a new stake in Sunoco during the 2nd quarter worth about $59,000. Finally, Janney Montgomery Scott LLC bought a new stake in Sunoco during the 2nd quarter worth about $203,000. 28.67% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Sunoco (NYSE:SUN)

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