Sunoco LP (NYSE:SUN) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

Other research analysts have also recently issued research reports about the stock. Vetr upgraded shares of Sunoco from a “hold” rating to a “buy” rating and set a $30.54 target price on the stock in a research note on Wednesday, May 3rd. UBS AG restated a “neutral” rating and set a $30.00 target price (up previously from $28.00) on shares of Sunoco in a research note on Monday. Citigroup Inc. upgraded shares of Sunoco from a “sell” rating to a “neutral” rating and lifted their target price for the company from $22.00 to $29.00 in a research note on Tuesday, April 25th. Mizuho cut shares of Sunoco from a “neutral” rating to an “underperform” rating and set a $28.00 target price on the stock. in a research note on Monday, July 10th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $32.00 target price on shares of Sunoco in a research note on Tuesday, June 20th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $30.97.

Sunoco (NYSE SUN) traded down 0.26% on Friday, hitting $30.41. 277,845 shares of the stock traded hands. The company’s 50 day moving average price is $31.03 and its 200-day moving average price is $28.98. The stock’s market cap is $3.02 billion. Sunoco has a 52-week low of $21.01 and a 52-week high of $32.67.

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Several hedge funds have recently bought and sold shares of the company. OppenheimerFunds Inc. increased its stake in Sunoco by 1.0% in the first quarter. OppenheimerFunds Inc. now owns 13,386,079 shares of the oil and gas company’s stock worth $323,542,000 after buying an additional 129,040 shares during the period. Bank of America Corp DE increased its stake in Sunoco by 82.4% in the first quarter. Bank of America Corp DE now owns 1,852,879 shares of the oil and gas company’s stock worth $44,784,000 after buying an additional 836,902 shares during the period. Goldman Sachs Group Inc. increased its stake in Sunoco by 1.4% in the second quarter. Goldman Sachs Group Inc. now owns 1,340,350 shares of the oil and gas company’s stock worth $41,028,000 after buying an additional 17,894 shares during the period. JPMorgan Chase & Co. increased its stake in Sunoco by 176.6% in the second quarter. JPMorgan Chase & Co. now owns 1,276,801 shares of the oil and gas company’s stock worth $39,084,000 after buying an additional 815,130 shares during the period. Finally, Duff & Phelps Investment Management Co. increased its stake in Sunoco by 3.4% in the first quarter. Duff & Phelps Investment Management Co. now owns 758,000 shares of the oil and gas company’s stock worth $18,321,000 after buying an additional 25,000 shares during the period. Hedge funds and other institutional investors own 27.43% 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.

Analyst Recommendations for Sunoco (NYSE:SUN)

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