Sunoco (SUN) Scheduled to Post Earnings on Wednesday

Sunoco (NYSE:SUN) is set to release its earnings data after the market closes on Wednesday, February 21st. Analysts expect Sunoco to post earnings of $0.37 per share for the quarter.

Shares of Sunoco (NYSE SUN) opened at $30.70 on Wednesday. The company has a quick ratio of 3.75, a current ratio of 4.02 and a debt-to-equity ratio of 2.28. Sunoco has a 1-year low of $23.09 and a 1-year high of $33.11. The company has a market cap of $3,050.00, a PE ratio of -5.98 and a beta of 0.54.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th will be issued a $0.8255 dividend. The ex-dividend date of this dividend is Monday, February 5th. This represents a $3.30 annualized dividend and a yield of 10.76%. Sunoco’s dividend payout ratio (DPR) is presently -64.33%.

Several brokerages have commented on SUN. Janney Montgomery Scott began coverage on shares of Sunoco in a report on Friday, January 19th. They issued a “neutral” rating and a $33.00 price objective for the company. B. Riley set a $32.00 price objective on shares of Sunoco and gave the stock a “neutral” rating in a report on Monday, December 18th. JPMorgan Chase & Co. upgraded shares of Sunoco from a “neutral” rating to an “overweight” rating and set a $29.20 price objective for the company in a report on Tuesday, January 9th. Jefferies Group restated a “neutral” rating on shares of Sunoco in a report on Wednesday, December 20th. Finally, Goldman Sachs Group upgraded shares of Sunoco from a “sell” rating to a “neutral” rating and set a $33.00 price objective for the company in a report on Monday, December 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $31.69.

In other 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 completion of the transaction, the insider now directly owns 23,923 shares in the company, valued at $693,288.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

An institutional investor recently raised its position in Sunoco stock. The Manufacturers Life Insurance Company lifted its position in shares of Sunoco LP (NYSE:SUN) by 24.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,262 shares of the oil and gas company’s stock after acquiring an additional 1,213 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Sunoco were worth $191,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 26.51% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This article was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at

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.

Earnings History for Sunoco (NYSE:SUN)

Receive News & Ratings for Sunoco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco and related companies with's FREE daily email newsletter.

Leave a Reply