Barclays Lowers Sunoco (NYSE:SUN) Price Target to $61.00

Sunoco (NYSE:SUN) had its price objective dropped by stock analysts at Barclays from $62.00 to $61.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s price target points to a potential upside of 4.24% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on SUN. Royal Bank of Canada upped their price objective on Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Mizuho increased their price target on Sunoco from $61.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $63.50.

Sunoco Stock Up 1.1 %

NYSE SUN opened at $58.52 on Friday. The stock has a 50 day moving average price of $57.33 and a 200-day moving average price of $54.43. Sunoco has a one year low of $49.45 and a one year high of $60.61. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 1.27. The company has a market capitalization of $8.93 billion, a P/E ratio of 8.87 and a beta of 1.35.

Sunoco (NYSE:SUN) last released its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.73). Sunoco had a net margin of 3.85% and a return on equity of 22.52%. As a group, equities analysts predict that Sunoco will post 10.65 EPS for the current fiscal year.

Institutional Trading of Sunoco

A number of large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC lifted its holdings in Sunoco by 17.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,245 shares of the oil and gas company’s stock valued at $64,000 after buying an additional 182 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Sunoco by 1.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 10,637 shares of the oil and gas company’s stock valued at $570,000 after acquiring an additional 190 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Sunoco by 0.8% in the third quarter. Stifel Financial Corp now owns 25,251 shares of the oil and gas company’s stock valued at $1,355,000 after purchasing an additional 194 shares during the period. World Investment Advisors LLC grew its position in shares of Sunoco by 5.6% during the 3rd quarter. World Investment Advisors LLC now owns 3,800 shares of the oil and gas company’s stock worth $204,000 after buying an additional 200 shares in the last quarter. Finally, IHT Wealth Management LLC grew its holdings in Sunoco by 2.6% in the third quarter. IHT Wealth Management LLC now owns 9,627 shares of the oil and gas company’s stock worth $517,000 after purchasing an additional 245 shares during the last quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

Sunoco Company Profile

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.