Sunoco (NYSE:SUN) Receives Hold (C) Rating from Weiss Ratings

Sunoco (NYSE:SUN)‘s stock had its “hold (c)” rating reissued by Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

A number of other equities research analysts have also recently issued reports on the stock. Mizuho decreased their price target on shares of Sunoco from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Friday, August 29th. Zacks Research upgraded shares of Sunoco from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Sunoco from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Sunoco has a consensus rating of “Moderate Buy” and an average price target of $64.50.

Sunoco Stock Down 1.0%

SUN stock opened at $53.69 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.52 and a quick ratio of 0.80. Sunoco has a 52-week low of $47.98 and a 52-week high of $59.88. The company has a 50-day moving average of $51.19 and a two-hundred day moving average of $53.28. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 26.45 and a beta of 0.53.

Sunoco (NYSE:SUN) last released its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($1.35). Sunoco had a net margin of 2.02% and a return on equity of 10.57%. The firm had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter last year, the company earned $3.85 earnings per share. The firm’s revenue was down 12.7% on a year-over-year basis. As a group, equities research analysts anticipate that Sunoco will post 10.65 EPS for the current year.

Institutional Investors Weigh In On Sunoco

Hedge funds have recently made changes to their positions in the stock. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Sunoco in the third quarter valued at about $31,000. Harbor Asset Planning Inc. acquired a new position in Sunoco in the second quarter worth about $41,000. Bessemer Group Inc. raised its position in Sunoco by 41.7% in the second quarter. Bessemer Group Inc. now owns 1,360 shares of the oil and gas company’s stock worth $72,000 after purchasing an additional 400 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Sunoco by 95.9% in the second quarter. Parkside Financial Bank & Trust now owns 1,379 shares of the oil and gas company’s stock worth $74,000 after purchasing an additional 675 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Sunoco by 110.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,040 shares of the oil and gas company’s stock worth $118,000 after purchasing an additional 1,069 shares in the last quarter. Institutional investors own 24.29% of the company’s stock.

About Sunoco

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates through two segments: Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel, as well as other petroleum products, such as propane and lubricating oil from independent refiners and oil companies and supplies it to company-operated retail stores, independently operated commission agents, and retail stores, as well as other commercial customers, including unbranded retail stores, other fuel distributors, school districts, municipalities, and other industrial customers.