Sunoco (NYSE:SUN) Releases Quarterly Earnings Results

Sunoco (NYSE:SUN) posted its earnings results on Tuesday. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.73), Zacks reports. Sunoco had a return on equity of 19.77% and a net margin of 2.72%.

Sunoco Stock Performance

NYSE SUN opened at $56.35 on Thursday. The firm’s 50 day simple moving average is $53.95 and its 200 day simple moving average is $53.42. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 12.95 and a beta of 1.36. The company has a current ratio of 1.16, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74. Sunoco has a 1 year low of $49.45 and a 1 year high of $64.89.

Sunoco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th will be given a $0.8865 dividend. The ex-dividend date is Friday, February 7th. This is a boost from Sunoco’s previous quarterly dividend of $0.88. This represents a $3.55 annualized dividend and a dividend yield of 6.29%. Sunoco’s payout ratio is presently 80.46%.

Wall Street Analysts Forecast Growth

SUN has been the topic of several research reports. Royal Bank of Canada upped their target price on Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Mizuho raised their price target on shares of Sunoco from $61.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, Barclays boosted their price objective on shares of Sunoco from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Sunoco presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.43.

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.