Several hedge funds have changed their investments in Sunoco. CNB Bank bought $30,000 worth of shares in the first quarter, while Longfellow Investment Management acquired $32,000 of shares in Q2. First Horizon Advisors spent about $38,000, Redwood Wealth Management invested approximately $46,000, and Register Financial Advisors bought about $55,000 worth of shares, also in Q1. Overall, hedge funds hold 24.29% of Sunoco’s stock.
Analysts Expect Growth
Brokerages have recently shared their insights on Sunoco. Royal Bank of Canada raised their price target from $60 to $63 with an “outperform” rating. JPMorgan Chase & Co. also increased their target to $63 with an “overweight” rating. Meanwhile, StockNews.com downgraded Sunoco from “buy” to “hold.” Barclays lowered their target from $61 to $60 but maintained an “overweight” rating. Currently, two analysts recommend holding, while seven suggest buying, resulting in a consensus rating of “Moderate Buy” and an average target of $62.25.
Check Out Our Latest Report on Sunoco
Sunoco’s Stock Performance
Sunoco (NYSE:SUN) opened at $52.09 on Friday. Key metrics include a debt-to-equity ratio of 1.69 and a market cap of $7.94 billion. The stock has a P/E ratio of 6.89 and a beta of 1.30, with a 1-year low of $49 and a high of $64.89. Their latest earnings report showed an EPS of $3.85, significantly beating the $1.23 estimate, with revenues at $6.17 billion.
Dividend News
Sunoco announced a quarterly dividend of $0.8756, paid on August 19th. This translates to an annual dividend of $3.50, yielding 6.72%. The dividend payout ratio stands at 46.30%.
About Sunoco
Sunoco LP, through its subsidiaries, distributes motor fuels across the U.S. They purchase fuel and other products to supply both their retail stores and external customers, including commercial clients.
Further Reading
- Five stocks we like better than Sunoco
- How to Effectively Use the MarketBeat Ratings Screener
- Survey Reveals: America’s Most Coveted Businesses in 2024
- Earnings Per Share Calculator: How to Calculate EPS
- Top 3 Stocks to Play Oil’s Potential Comeback Rally
- Consumer Staples Stocks, Explained
- Analysts See Growth in CrowdStrike Stock Despite July Setback
Want to see what other hedge funds hold SUN? Visit HoldingsChannel.com for recent 13F filings and insider trades for Sunoco LP (NYSE:SUN).
Receive News & Ratings for Sunoco Daily – Enter your email to get a daily summary of news and analysts’ ratings for Sunoco and related companies with MarketBeat.com’s FREE daily email newsletter.
`
