Sunoco (NYSE:SUN) Stock Price Expected to Rise, Barclays Analyst Says

Sunoco (NYSE:SUN) had its price target boosted by analysts at Barclays from $60.00 to $63.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s target price indicates a potential upside of 16.32% from the company’s current price.

Several other equities research analysts also recently weighed in on SUN. Royal Bank of Canada increased their price target on Sunoco from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price target on Sunoco from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

Sunoco Price Performance

NYSE SUN opened at $54.16 on Tuesday. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 12.45 and a beta of 1.34. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.16 and a quick ratio of 0.66. The stock’s fifty day moving average price is $53.13 and its 200 day moving average price is $53.68. Sunoco has a 1 year low of $49.45 and a 1 year high of $64.89.

Sunoco (NYSE:SUN) last released its earnings results on Wednesday, November 6th. The oil and gas company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($1.79). Sunoco had a return on equity of 19.77% and a net margin of 2.72%. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period last year, the firm earned $2.95 EPS. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. As a group, equities research analysts forecast that Sunoco will post 7.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SUN. Tortoise Capital Advisors L.L.C. lifted its holdings in Sunoco by 26,345.6% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,351,368 shares of the oil and gas company’s stock valued at $76,406,000 after purchasing an additional 1,346,258 shares in the last quarter. Infrastructure Capital Advisors LLC raised its position in shares of Sunoco by 3.1% in the third quarter. Infrastructure Capital Advisors LLC now owns 1,087,407 shares of the oil and gas company’s stock valued at $58,372,000 after buying an additional 32,239 shares during the last quarter. Recurrent Investment Advisors LLC lifted its stake in shares of Sunoco by 29.3% in the third quarter. Recurrent Investment Advisors LLC now owns 864,176 shares of the oil and gas company’s stock worth $46,389,000 after buying an additional 195,583 shares in the last quarter. Clearbridge Investments LLC boosted its position in Sunoco by 176.6% during the second quarter. Clearbridge Investments LLC now owns 700,229 shares of the oil and gas company’s stock worth $39,591,000 after acquiring an additional 447,072 shares during the last quarter. Finally, Miller Howard Investments Inc. NY grew its stake in Sunoco by 33.4% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 583,323 shares of the oil and gas company’s stock valued at $32,981,000 after acquiring an additional 146,152 shares in the last quarter. Institutional investors and hedge funds 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.