Sunoco LP (NYSE:SUN) was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a research report issued on Thursday, The Fly reports.

Several other research analysts have also issued reports on SUN. FBR & Co restated a “hold” rating on shares of Sunoco in a report on Saturday, April 1st. Mizuho lowered shares of Sunoco from a “neutral” rating to an “underperform” rating and set a $28.00 price target for the company. in a report on Monday. BidaskClub upgraded shares of Sunoco from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Jefferies Group LLC upgraded shares of Sunoco from an “underperform” rating to a “hold” rating and raised their price target for the stock from $20.00 to $29.00 in a report on Monday, April 10th. Finally, Mitsubishi UFJ Financial Group restated a “neutral” rating and set a $28.00 price target (up previously from $27.00) on shares of Sunoco in a report on Monday, April 10th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.74.

Shares of Sunoco (NYSE:SUN) traded up 0.9839% during midday trading on Thursday, reaching $30.7294. 320,390 shares of the company’s stock traded hands. Sunoco has a 52-week low of $21.01 and a 52-week high of $31.50. The stock’s market cap is $3.56 billion. The stock has a 50-day moving average price of $30.15 and a 200-day moving average price of $27.86.

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Hedge funds have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Sunoco by 34.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 173,936 shares of the oil and gas company’s stock valued at $4,204,000 after buying an additional 45,039 shares in the last quarter. Wade G W & Inc. acquired a new stake in shares of Sunoco during the first quarter worth approximately $302,000. Texas Yale Capital Corp. raised its stake in shares of Sunoco by 42.3% in the first quarter. Texas Yale Capital Corp. now owns 21,850 shares of the oil and gas company’s stock worth $528,000 after buying an additional 6,500 shares during the period. Wellington Shields Capital Management LLC raised its stake in shares of Sunoco by 120.3% in the first quarter. Wellington Shields Capital Management LLC now owns 28,200 shares of the oil and gas company’s stock worth $682,000 after buying an additional 15,400 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Sunoco by 68.2% in the first quarter. Wells Fargo & Company MN now owns 112,880 shares of the oil and gas company’s stock worth $2,729,000 after buying an additional 45,785 shares during the period. Institutional investors own 27.14% of the company’s stock.

About Sunoco

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.

The Fly

Analyst Recommendations for Sunoco (NYSE:SUN)

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