Sunoco LP (SUN) Stock Rating Reaffirmed by Jefferies Group LLC

Sunoco LP (NYSE:SUN)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Group LLC in a research report issued to clients and investors on Monday. They currently have a $30.00 target price on the oil and gas company’s stock, up from their previous target price of $29.00. Jefferies Group LLC’s price objective indicates a potential downside of 5.15% from the stock’s previous close.

A number of other analysts have also weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $35.00 price objective (up previously from $32.00) on shares of Sunoco in a research note on Wednesday, September 6th. BidaskClub raised Sunoco from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. UBS AG reissued a “neutral” rating and set a $30.00 price objective (up previously from $28.00) on shares of Sunoco in a research note on Monday, August 14th. Deutsche Bank AG raised Sunoco from a “hold” rating to a “buy” rating and increased their price objective for the company from $31.00 to $36.00 in a research note on Thursday, July 13th. Finally, Mizuho lowered Sunoco from a “neutral” rating to an “underperform” rating and set a $28.00 price objective for the company. in a research note on Monday, July 10th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.25.

Sunoco (NYSE SUN) opened at 31.63 on Monday. The company’s market cap is $3.15 billion. The firm’s 50-day moving average is $31.31 and its 200 day moving average is $29.29. Sunoco has a 12-month low of $21.01 and a 12-month high of $32.67.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cypress Asset Management Inc. TX raised its holdings in Sunoco by 0.7% in the first quarter. Cypress Asset Management Inc. TX now owns 11,036 shares of the oil and gas company’s stock worth $267,000 after purchasing an additional 74 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in Sunoco by 6.3% in the first quarter. SRS Capital Advisors Inc. now owns 7,123 shares of the oil and gas company’s stock worth $172,000 after purchasing an additional 420 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Sunoco by 5.9% in the second quarter. Alliancebernstein L.P. now owns 12,679 shares of the oil and gas company’s stock worth $388,000 after purchasing an additional 710 shares in the last quarter. First Heartland Consultants Inc. raised its holdings in Sunoco by 4.9% in the first quarter. First Heartland Consultants Inc. now owns 24,716 shares of the oil and gas company’s stock worth $597,000 after purchasing an additional 1,159 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Sunoco by 24.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,262 shares of the oil and gas company’s stock worth $191,000 after purchasing an additional 1,213 shares in the last quarter. Institutional investors and hedge funds own 30.88% of the company’s stock.

About Sunoco

Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.

Analyst Recommendations for Sunoco (NYSE:SUN)

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