Sunoco (NYSE:SUN) Issues Earnings Results

Sunoco (NYSE:SUN) released its quarterly earnings data on Wednesday. The oil and gas company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($1.79), Briefing.com reports. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $6.09 billion. Sunoco had a net margin of 3.80% and a return on equity of 41.76%. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.95 earnings per share.

Sunoco Trading Down 0.3 %

NYSE:SUN traded down $0.15 during mid-day trading on Thursday, hitting $54.21. The company had a trading volume of 253,720 shares, compared to its average volume of 521,323. The firm has a market cap of $8.26 billion, a P/E ratio of 7.16 and a beta of 1.31. Sunoco has a fifty-two week low of $49.45 and a fifty-two week high of $64.89. The business’s fifty day moving average is $52.87 and its two-hundred day moving average is $53.83. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.72 and a current ratio of 1.26.

Sunoco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Friday, November 8th will be issued a $0.8756 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.50 dividend on an annualized basis and a yield of 6.46%. Sunoco’s dividend payout ratio is presently 46.30%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Sunoco from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. lifted their target price on shares of Sunoco from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Royal Bank of Canada lifted their target price on shares of Sunoco from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Barclays lowered their target price on Sunoco from $61.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.25.

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.