Sunoco LP (NYSE:SUN) was the recipient of some unusual options trading on Tuesday. Stock traders purchased 1,845 call options on the stock. This is an increase of 1,147% compared to the typical daily volume of 148 call options.
Shares of SUN opened at $28.85 on Thursday. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 12.55 and a beta of 0.79. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.67 and a current ratio of 1.07. Sunoco has a fifty-two week low of $24.46 and a fifty-two week high of $33.11.
Sunoco (NYSE:SUN) last announced its quarterly earnings results on Wednesday, August 8th. The oil and gas company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $3.99 billion. Sunoco had a return on equity of 33.25% and a net margin of 0.86%. The firm’s revenue for the quarter was up 59.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.59) EPS. analysts expect that Sunoco will post 2.3 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA acquired a new stake in Sunoco during the 1st quarter worth about $120,000. Winslow Evans & Crocker Inc. acquired a new stake in Sunoco during the 2nd quarter worth about $190,000. Quad Cities Investment Group LLC acquired a new stake in Sunoco during the 1st quarter worth about $264,000. First Republic Investment Management Inc. acquired a new stake in Sunoco during the 2nd quarter worth about $271,000. Finally, Private Advisor Group LLC acquired a new stake in Sunoco during the 2nd quarter worth about $313,000. 28.60% of the stock is currently owned by institutional investors.
Sunoco LP, together with its subsidiaries, engages in the wholesale distribution and retail sale of motor fuels primarily in the United States. The company operates through two segments, Wholesale and Retail. It serves convenience stores and commission agent locations, contracted independent convenience store operators, and other commercial customers.
Further Reading: Price to Earnings Ratio (PE)
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