Sunoco LP (NYSE:SUN) – Equities research analysts at Jefferies Financial Group issued their Q1 2020 earnings per share (EPS) estimates for shares of Sunoco in a research note issued to investors on Monday, July 15th. Jefferies Financial Group analyst C. Sighinolfi expects that the oil and gas company will earn $0.54 per share for the quarter. Jefferies Financial Group also issued estimates for Sunoco’s Q3 2020 earnings at $0.55 EPS and FY2023 earnings at $1.47 EPS.
Sunoco (NYSE:SUN) last released its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Sunoco had a net margin of 1.28% and a return on equity of 38.68%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($3.74) earnings per share.
Other analysts have also recently issued research reports about the stock. TheStreet cut shares of Trade Desk from a “b-” rating to a “c-” rating in a report on Thursday, May 9th. Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of Sunoco in a report on Thursday, May 9th. ValuEngine cut shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Zacks Investment Research upgraded shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Monday, April 29th. Finally, Barclays set a €45.00 ($52.33) target price on shares of Zalando and gave the company a “buy” rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Sunoco presently has an average rating of “Hold” and a consensus price target of $30.13.
NYSE:SUN opened at $32.66 on Tuesday. The company has a market capitalization of $3.24 billion, a PE ratio of 12.66 and a beta of 0.77. The firm has a fifty day moving average of $31.25. Sunoco has a twelve month low of $23.80 and a twelve month high of $33.25. The company has a current ratio of 1.32, a quick ratio of 0.81 and a debt-to-equity ratio of 4.40.
Hedge funds have recently made changes to their positions in the company. OppenheimerFunds Inc. grew its holdings in Sunoco by 3.1% during the 1st quarter. OppenheimerFunds Inc. now owns 15,627,067 shares of the oil and gas company’s stock valued at $486,940,000 after buying an additional 463,585 shares during the last quarter. BlackRock Inc. boosted its holdings in Sunoco by 53.2% in the fourth quarter. BlackRock Inc. now owns 575,604 shares of the oil and gas company’s stock valued at $15,651,000 after acquiring an additional 200,000 shares during the last quarter. Bank of Montreal Can boosted its holdings in Sunoco by 158.9% in the first quarter. Bank of Montreal Can now owns 433,596 shares of the oil and gas company’s stock valued at $13,511,000 after acquiring an additional 266,134 shares during the last quarter. Adams Asset Advisors LLC boosted its holdings in Sunoco by 0.7% in the second quarter. Adams Asset Advisors LLC now owns 235,096 shares of the oil and gas company’s stock valued at $7,353,000 after acquiring an additional 1,705 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Sunoco in the fourth quarter valued at $3,268,000. Hedge funds and other institutional investors own 28.86% of the company’s stock.
Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations.