Mizuho Boosts Sunoco (NYSE:SUN) Price Target to $68.00

Sunoco (NYSE:SUN) had its price objective boosted by investment analysts at Mizuho from $66.00 to $68.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the oil and gas company’s stock. Mizuho’s target price suggests a potential upside of 28.89% from the stock’s current price.

Several other brokerages also recently weighed in on SUN. Royal Bank of Canada upped their price objective on Sunoco from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays reduced their price target on shares of Sunoco from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.83.

Sunoco Trading Down 7.4 %

SUN opened at $52.76 on Thursday. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 7.99 and a beta of 1.35. The company has a quick ratio of 0.66, a current ratio of 1.27 and a debt-to-equity ratio of 1.84. Sunoco has a twelve month low of $49.45 and a twelve month high of $59.67. The company has a 50-day simple moving average of $57.61 and a 200 day simple moving average of $54.61.

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

Hedge Funds Weigh In On Sunoco

Several large investors have recently modified their holdings of SUN. Steward Partners Investment Advisory LLC increased its holdings in Sunoco by 17.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,245 shares of the oil and gas company’s stock valued at $64,000 after purchasing an additional 182 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Sunoco by 1.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 10,637 shares of the oil and gas company’s stock valued at $570,000 after buying an additional 190 shares during the period. Stifel Financial Corp raised its position in shares of Sunoco by 0.8% during the third quarter. Stifel Financial Corp now owns 25,251 shares of the oil and gas company’s stock worth $1,355,000 after acquiring an additional 194 shares during the last quarter. World Investment Advisors LLC raised its position in shares of Sunoco by 5.6% during the third quarter. World Investment Advisors LLC now owns 3,800 shares of the oil and gas company’s stock worth $204,000 after acquiring an additional 200 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its stake in shares of Sunoco by 2.6% in the third quarter. IHT Wealth Management LLC now owns 9,627 shares of the oil and gas company’s stock worth $517,000 after acquiring an additional 245 shares during the period. 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.