Sunoco LP (NYSE:SUN) issued its quarterly earnings data on Tuesday, August 8th. The oil and gas company reported ($2.53) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $2.68, RTT News reports. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $4.40 billion. Sunoco had a positive return on equity of 7.16% and a negative net margin of 5.00%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS.
Sunoco (NYSE SUN) traded down 0.16% during midday trading on Friday, reaching $30.44. 312,303 shares of the company’s stock were exchanged. The stock’s market cap is $3.03 billion. The firm’s 50-day moving average is $31.02 and its 200 day moving average is $29.00. Sunoco has a 1-year low of $21.01 and a 1-year high of $32.67.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, August 7th were given a $0.8255 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 10.85%. Sunoco’s payout ratio is -37.37%.
An institutional investor recently raised its position in Sunoco stock. The Manufacturers Life Insurance Company raised its position in Sunoco LP (NYSE:SUN) by 24.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,262 shares of the oil and gas company’s stock after buying an additional 1,213 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Sunoco were worth $191,000 as of its most recent filing with the SEC. Institutional investors own 27.43% of the company’s stock.
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A number of equities research analysts have recently issued reports on SUN shares. Deutsche Bank AG upgraded shares of Sunoco from a “hold” rating to a “buy” rating and upped their target price for the company from $31.00 to $36.00 in a research note on Thursday, July 13th. Royal Bank Of Canada reiterated a “buy” rating and set a $32.00 price objective on shares of Sunoco in a research note on Tuesday, June 20th. Vetr upgraded shares of Sunoco from a “hold” rating to a “buy” rating and set a $32.56 price objective on the stock in a research note on Thursday, June 1st. TheStreet upgraded shares of Sunoco from a “d+” rating to a “c-” rating in a research note on Wednesday, April 26th. Finally, BidaskClub upgraded shares of Sunoco from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $30.97.
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.
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