Shares of Sunoco LP (NYSE:SUN) have earned a consensus rating of “Hold” from the nineteen research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $31.83.

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded Sunoco from a “neutral” rating to an “overweight” rating and set a $29.20 price objective on the stock in a report on Tuesday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $35.00 target price on shares of Sunoco in a research report on Tuesday, October 10th. Zacks Investment Research lowered Sunoco from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Jefferies Group reaffirmed a “neutral” rating on shares of Sunoco in a research report on Wednesday, December 20th. Finally, B. Riley set a $32.00 target price on Sunoco and gave the stock a “neutral” rating in a research report on Monday, December 18th.

In other Sunoco news, insider Arnold Dodderer sold 2,512 shares of Sunoco stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $28.98, for a total transaction of $72,797.76. Following the transaction, the insider now directly owns 23,923 shares in the company, valued at approximately $693,288.54. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Heartland Consultants Inc. grew its position in Sunoco by 20.7% during the 3rd quarter. First Heartland Consultants Inc. now owns 19,583 shares of the oil and gas company’s stock worth $609,000 after purchasing an additional 3,359 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in Sunoco during the 3rd quarter worth approximately $438,000. California Public Employees Retirement System purchased a new position in Sunoco during the 3rd quarter worth approximately $329,000. Allianz Asset Management GmbH purchased a new position in Sunoco during the 3rd quarter worth approximately $1,444,000. Finally, Wells Fargo & Company MN grew its position in Sunoco by 18.2% during the 3rd quarter. Wells Fargo & Company MN now owns 46,128 shares of the oil and gas company’s stock worth $1,434,000 after purchasing an additional 7,102 shares in the last quarter. Hedge funds and other institutional investors own 26.32% of the company’s stock.

Sunoco (SUN) traded up $0.69 during mid-day trading on Tuesday, hitting $29.20. The stock had a trading volume of 933,900 shares, compared to its average volume of 525,380. Sunoco has a 1-year low of $23.09 and a 1-year high of $32.67. The company has a quick ratio of 3.75, a current ratio of 4.02 and a debt-to-equity ratio of 2.28. The firm has a market capitalization of $2,970.00, a PE ratio of -5.69 and a beta of 0.56.

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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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