The stock of Sunoco LP (NYSE:SUN) is a huge mover today! About 2.22 million shares traded hands or 107.48% up from the average. Sunoco LP (NYSE:SUN) has declined 41.04% since April 27, 2016 and is downtrending. It has underperformed by 46.27% the S&P500.
The move comes after 6 months positive chart setup for the $2.70B company. It was reported on Nov, 30 by Barchart.com. We have $25.07 PT which if reached, will make NYSE:SUN worth $135.00 million more.
Analysts await Sunoco LP (NYSE:SUN) to report earnings on February, 23. They expect $0.22 earnings per share, up 269.23% or $0.35 from last year’s $-0.13 per share. SUN’s profit will be $24.87 million for 27.14 P/E if the $0.22 EPS becomes a reality. After $0.24 actual earnings per share reported by Sunoco LP for the previous quarter, Wall Street now forecasts -8.33% negative EPS growth.
Sunoco LP (NYSE:SUN) Ratings Coverage
Out of 13 analysts covering Sunoco Inc. (NYSE:SUN), 4 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 31% are positive. Sunoco Inc. has been the topic of 29 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Barclays Capital maintained it with “Equal Weight” rating and $47 target price in Friday, August 7 report. The rating was maintained by JP Morgan on Friday, April 15 with “Overweight”. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, May 11. The stock of Sunoco LP (NYSE:SUN) has “Sell” rating given on Monday, November 21 by Citigroup. The rating was maintained by Barclays Capital with “Equalweight” on Thursday, June 16. The stock of Sunoco LP (NYSE:SUN) has “Underperform” rating given on Wednesday, June 8 by Jefferies. The stock has “Neutral” rating given by Mizuho on Friday, September 30. The company was initiated on Tuesday, June 21 by Oppenheimer. The stock has “Outperform” rating given by RBC Capital Markets on Friday, November 13. On Tuesday, March 22 the stock rating was downgraded by Jefferies to “Hold”.
According to Zacks Investment Research, “Sunoco LP operates as a wholesale fuel distributor. It engages in distributing motor fuel to convenience stores, independent dealers, commercial customers and distributors. The Company also operates convenience stores and retail fuel sites. Sunoco LP, formerly known as Susser Petroleum Partners LP, is based in Houston, Texas.”
Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.09, from 1.11 in 2016Q1. The ratio is positive, as 17 funds sold all Sunoco LP shares owned while 28 reduced positions. 23 funds bought stakes while 27 increased positions. They now own 38.18 million shares or 20.58% more from 31.67 million shares in 2016Q1.
Samson Mgmt Ltd last reported 167,162 shares in the company. Cohen & Steers accumulated 0% or 175 shares. Moreover, Allianz Asset Management Ag has 0.01% invested in Sunoco LP (NYSE:SUN) for 760,532 shares. The New York-based Goldman Sachs Gp Inc has invested 0.03% in Sunoco LP (NYSE:SUN). Atria Investments Ltd Liability Corporation accumulated 0.04% or 12,556 shares. Moreover, Texas Yale Cap Corp has 0.23% invested in Sunoco LP (NYSE:SUN) for 76,185 shares. Citigroup last reported 0.17% of its portfolio in the stock. Raymond James & Assocs last reported 0% of its portfolio in the stock. The New York-based Blackrock has invested 0% in Sunoco LP (NYSE:SUN). Bb&T Securities Ltd Liability Corporation holds 0.01% or 27,522 shares in its portfolio. Finemark Financial Bank & holds 840 shares or 0% of its portfolio. Moreover, Manufacturers Life Ins The has 0% invested in Sunoco LP (NYSE:SUN) for 1,613 shares. Clearbridge Investments Limited Liability Company holds 0.02% of its portfolio in Sunoco LP (NYSE:SUN) for 527,500 shares. The Massachusetts-based Commonwealth Equity Serv Inc has invested 0% in Sunoco LP (NYSE:SUN). Susquehanna Gp Ltd Liability Partnership accumulated 0% or 116,005 shares.
More notable recent Sunoco LP (NYSE:SUN) news were published by: Seekingalpha.com which released: “Sunoco LP: A 15.2% Yield With Significant Upside” on November 30, 2016, also Prnewswire.com with their article: “Sunoco LP Announces Third Quarter 2016 Financial and Operating Results” published on November 09, 2016, Fool.com published: “Sunoco LP Shrugs Off Operational Challenges and Turns In Solid Q3 Earnings” on November 11, 2016. More interesting news about Sunoco LP (NYSE:SUN) were released by: Seekingalpha.com and their article: “Sunoco LP’s Growing Pains” published on November 14, 2016 as well as Forbes.com‘s news article titled: “Is There Value In Sunoco Logistics’ Merger With Energy Transfer Partners?” with publication date: November 21, 2016.
SUN Company Profile
Sunoco LP, formerly Susser Petroleum Partners LP, incorporated on June 11, 2012, is engaged in the retail sale of motor fuels and merchandise through the Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial clients and distributors. The Firm operates through two divisions: wholesale and retail. The Wholesale activities segment sells motor fuel to its retail segment and external customers. The Retail activities segment operates convenience stores selling a range of merchandise, food items, services and motor fuel. The Firm operates approximately 900 convenience stores and fuel outlets in over eight states, offering merchandise, food service, motor fuel and other services. It distributes approximately 7.6 billion gallons of motor fuel through its convenience stores and consignment locations, contracted independent convenience store operators, and other commercial customers.
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