Sunoco LP (SUN) to Release Quarterly Earnings on Tuesday
Sunoco LP (NYSE:SUN) will be issuing its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.35 per share for the quarter.
Sunoco LP (SUN) opened at 30.85 on Tuesday. The firm’s 50-day moving average price is $31.22 and its 200 day moving average price is $30.77. The firm’s market cap is $3.07 billion. Sunoco LP has a 52-week low of $21.01 and a 52-week high of $32.67.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.8255 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 10.70%. Sunoco’s dividend payout ratio (DPR) is presently -37.37%.
A number of research firms have recently weighed in on SUN. UBS AG reaffirmed a “neutral” rating and set a $30.00 price target (up previously from $28.00) on shares of Sunoco in a report on Monday, August 14th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $35.00 price target on shares of Sunoco in a report on Tuesday, October 10th. Mizuho cut Sunoco from a “neutral” rating to an “underperform” rating and set a $28.00 price target on the stock. in a report on Monday, July 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $30.00 price target on shares of Sunoco in a report on Friday, October 13th. Finally, BidaskClub cut Sunoco from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $31.33.
An institutional investor recently raised its position in Sunoco stock. The Manufacturers Life Insurance Company lifted its stake in shares of Sunoco LP (NYSE:SUN) by 24.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,262 shares of the oil and gas company’s stock after acquiring an additional 1,213 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Sunoco were worth $191,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 26.44% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Sunoco LP (SUN) to Release Quarterly Earnings on Tuesday” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/31/sunoco-lp-sun-to-release-quarterly-earnings-on-tuesday.html.
Sunoco Company Profile
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.
Receive News & Ratings for Sunoco LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco LP and related companies with MarketBeat.com's FREE daily email newsletter.