Sunoco (NYSE:SUN) Announces Quarterly Earnings Results

Sunoco (NYSE:SUN) released its quarterly earnings data on Tuesday. The oil and gas company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.73), Zacks reports. Sunoco had a net margin of 2.72% and a return on equity of 19.77%.

Sunoco Trading Up 1.3 %

Shares of SUN stock opened at $57.38 on Wednesday. Sunoco has a 1-year low of $49.45 and a 1-year high of $64.89. The company has a market cap of $8.74 billion, a price-to-earnings ratio of 13.19 and a beta of 1.36. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.16 and a quick ratio of 0.66. The stock has a 50 day simple moving average of $53.92 and a 200-day simple moving average of $53.40.

Sunoco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th will be issued a $0.8865 dividend. This is a positive change from Sunoco’s previous quarterly dividend of $0.88. This represents a $3.55 annualized dividend and a yield of 6.18%. The ex-dividend date of this dividend is Friday, February 7th. Sunoco’s dividend payout ratio (DPR) is presently 80.46%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SUN shares. Mizuho increased their price target on Sunoco from $61.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Royal Bank of Canada raised their target price on Sunoco from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Barclays lifted their price target on Sunoco from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.43.

About Sunoco

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.