Sunoco LP Forecasted to Post Q3 2016 Earnings of $0.31 Per Share (SUN)
Sunoco LP (NYSE:SUN) – Analysts at Jefferies Group issued their Q3 2016 earnings per share estimates for Sunoco in a research report issued to clients and investors on Thursday. Jefferies Group analyst C. Sighinolfi expects that the firm will post earnings per share of $0.31 for the quarter. Jefferies Group also issued estimates for Sunoco’s FY2016 earnings at $1.74 EPS and FY2017 earnings at $1.24 EPS.
Other equities analysts have also recently issued research reports about the company. Credit Suisse Group AG set a $33.00 price objective on Sunoco and gave the company a “hold” rating in a report on Saturday, August 6th. Robert W. Baird cut Sunoco from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $43.00 to $30.00 in a report on Thursday, August 4th. Zacks Investment Research raised Sunoco from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 27th. Barclays PLC reduced their price target on Sunoco from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 5th. Finally, Vetr cut Sunoco from a “strong-buy” rating to a “hold” rating and set a $31.00 price target for the company. in a report on Monday, August 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. Sunoco currently has an average rating of “Hold” and an average price target of $34.76.
Sunoco (NYSE:SUN) opened at 28.31 on Monday. Sunoco has a one year low of $22.86 and a one year high of $40.06. The stock has a market cap of $3.16 billion, a PE ratio of 23.77 and a beta of 0.67. The stock has a 50 day moving average price of $29.50 and a 200-day moving average price of $31.22.
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Large investors have recently bought and sold shares of the stock. Gilman Hill Asset Management LLC raised its position in shares of Sunoco by 1.2% in the second quarter. Gilman Hill Asset Management LLC now owns 10,375 shares of the company’s stock valued at $311,000 after buying an additional 125 shares during the last quarter. Youngs Advisory Group Inc. raised its position in shares of Sunoco by 3.2% in the second quarter. Youngs Advisory Group Inc. now owns 12,913 shares of the company’s stock valued at $387,000 after buying an additional 404 shares during the last quarter. BlackRock Inc. raised its position in shares of Sunoco by 8.6% in the second quarter. BlackRock Inc. now owns 5,230 shares of the company’s stock valued at $157,000 after buying an additional 412 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Sunoco by 9.7% in the second quarter. GSA Capital Partners LLP now owns 10,190 shares of the company’s stock valued at $305,000 after buying an additional 900 shares during the last quarter. Finally, State Street Corp raised its position in shares of Sunoco by 4.1% in the first quarter. State Street Corp now owns 24,046 shares of the company’s stock valued at $796,000 after buying an additional 941 shares during the last quarter. Institutional investors and hedge funds own 41.97% of the company’s stock.
Sunoco Company Profile
Sunoco LP, formerly Susser Petroleum Partners LP, is engaged in the retail sale of motor fuels and merchandise through the 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.
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