Sunoco LP (NYSE:SUN)‘s stock had its “outperform” rating restated by analysts at Royal Bank Of Canada in a report issued on Wednesday. They presently have a $35.00 price objective on the oil and gas company’s stock, up from their prior price objective of $32.00. Royal Bank Of Canada’s price objective suggests a potential upside of 9.86% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. BidaskClub upgraded shares of Sunoco from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. UBS AG reiterated a “neutral” rating and issued a $30.00 target price (up previously from $28.00) on shares of Sunoco in a research report on Monday, August 14th. Deutsche Bank AG upgraded shares of Sunoco from a “hold” rating to a “buy” rating and increased their target price for the company from $31.00 to $36.00 in a research report on Thursday, July 13th. Mizuho lowered shares of Sunoco from a “neutral” rating to an “underperform” rating and set a $28.00 target price for the company. in a research report on Monday, July 10th. Finally, Vetr upgraded shares of Sunoco from a “hold” rating to a “buy” rating and set a $32.56 target price for the company in a research report on Thursday, June 1st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.18.

Shares of Sunoco (SUN) traded down 0.09% during mid-day trading on Wednesday, hitting $31.86. 155,875 shares of the company traded hands. The firm has a 50-day moving average price of $31.28 and a 200 day moving average price of $29.25. The firm’s market cap is $3.17 billion. Sunoco has a 52-week low of $21.01 and a 52-week high of $32.67.

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A number of hedge funds have recently bought and sold shares of SUN. Waldron LP purchased a new stake in Sunoco during the first quarter valued at about $362,000. Wells Fargo & Company MN lifted its stake in Sunoco by 68.2% during the first quarter. Wells Fargo & Company MN now owns 112,880 shares of the oil and gas company’s stock valued at $2,729,000 after buying an additional 45,785 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Sunoco by 34.9% during 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. Groesbeck Investment Management Corp NJ lifted its stake in Sunoco by 22.4% during the first quarter. Groesbeck Investment Management Corp NJ now owns 15,211 shares of the oil and gas company’s stock valued at $367,000 after buying an additional 2,788 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Sunoco by 3.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 108,198 shares of the oil and gas company’s stock valued at $2,615,000 after buying an additional 3,157 shares in the last quarter. 30.88% of the stock is owned by institutional investors.

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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