Barclays Issues Positive Forecast for Sunoco (NYSE:SUN) Stock Price

Sunoco (NYSE:SUN) had its price target upped by Barclays from $59.00 to $62.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s price target suggests a potential upside of 7.01% from the stock’s previous close.

Several other equities analysts have also recently issued reports on SUN. Mizuho raised their price target on Sunoco from $61.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Royal Bank of Canada upped their target price on shares of Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.67.

Sunoco Stock Performance

Shares of Sunoco stock traded up $0.51 during midday trading on Friday, hitting $57.94. The company had a trading volume of 85,348 shares, compared to its average volume of 489,060. The stock has a market cap of $8.84 billion, a PE ratio of 8.78 and a beta of 1.35. Sunoco has a 1-year low of $49.45 and a 1-year high of $62.81. The business’s 50 day simple moving average is $56.24 and its two-hundred day simple moving average is $54.11. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.27 and a quick ratio of 0.66.

Sunoco (NYSE:SUN) last released its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.73). Sunoco had a net margin of 3.85% and a return on equity of 22.52%. As a group, equities analysts predict that Sunoco will post 10.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Sunoco

A number of large investors have recently added to or reduced their stakes in the business. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Sunoco in the fourth quarter valued at $31,000. Independence Bank of Kentucky acquired a new position in Sunoco in the 4th quarter valued at about $53,000. Steward Partners Investment Advisory LLC raised its holdings in Sunoco by 17.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,245 shares of the oil and gas company’s stock valued at $64,000 after acquiring an additional 182 shares during the period. Global Retirement Partners LLC lifted its position in Sunoco by 93.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,633 shares of the oil and gas company’s stock worth $84,000 after acquiring an additional 788 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Sunoco during the fourth quarter worth approximately $90,000. Institutional investors own 24.29% of the company’s stock.

Sunoco Company Profile

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates through two segments: Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel, as well as other petroleum products, such as propane and lubricating oil from independent refiners and oil companies and supplies it to company-operated retail stores, independently operated commission agents, and retail stores, as well as other commercial customers, including unbranded retail stores, other fuel distributors, school districts, municipalities, and other industrial customers.