Sunoco LP (SUN) Receives “Sell” Rating from Mizuho

Mizuho reiterated their sell rating on shares of Sunoco LP (NYSE:SUN) in a research report report published on Friday morning. The firm currently has a $29.00 price objective on the oil and gas company’s stock.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada reissued a buy rating and issued a $35.00 price target on shares of Sunoco in a research report on Tuesday, October 10th. Deutsche Bank AG raised shares of Sunoco from a hold rating to a buy rating and boosted their target price for the stock from $31.00 to $36.00 in a research report on Thursday, July 13th. BidaskClub raised shares of Sunoco from a sell rating to a hold rating in a research report on Saturday, July 1st. Jefferies Group LLC reaffirmed a hold rating and set a $30.00 target price (up previously from $29.00) on shares of Sunoco in a research report on Monday, September 11th. Finally, UBS AG reaffirmed a neutral rating and set a $30.00 target price (up previously from $28.00) on shares of Sunoco in a research report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $31.33.

Shares of Sunoco (NYSE SUN) traded down 1.20% on Friday, hitting $30.43. 197,373 shares of the stock traded hands. The stock has a 50-day moving average price of $31.42 and a 200 day moving average price of $30.64. Sunoco has a 12-month low of $21.01 and a 12-month high of $32.67. The stock’s market cap is $3.03 billion.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Quinn Opportunity Partners LLC acquired a new stake in Sunoco during the second quarter worth $2,541,000. JPMorgan Chase & Co. boosted its stake in Sunoco by 534.9% during the first quarter. JPMorgan Chase & Co. now owns 461,671 shares of the oil and gas company’s stock worth $11,158,000 after buying an additional 388,951 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in Sunoco during the second quarter worth $245,000. Proficio Capital Partners LLC acquired a new stake in Sunoco during the first quarter worth $282,000. Finally, Bank of America Corp DE boosted its stake in Sunoco by 82.4% during the first quarter. Bank of America Corp DE now owns 1,852,879 shares of the oil and gas company’s stock worth $44,784,000 after buying an additional 836,902 shares in the last quarter. Hedge funds and other institutional investors own 30.86% 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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