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Sunoco LP (SUN)

NYSE - NYSE Delayed Price. Currency in USD
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30.60-0.71 (-2.27%)
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Previous Close31.31
Open31.47
Bid30.65 x 1100
Ask30.79 x 800
Day's Range30.55 - 31.47
52 Week Range10.46 - 33.00
Volume629,650
Avg. Volume462,378
Market Cap3.052B
Beta (5Y Monthly)1.80
PE Ratio (TTM)19.01
EPS (TTM)1.61
Earnings DateMay 10, 2021 - May 14, 2021
Forward Dividend & Yield3.30 (10.79%)
Ex-Dividend DateFeb 05, 2021
1y Target Est33.56
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • 2 Big Dividend Stocks Yielding 10%; RBC Says ‘Buy’
    TipRanks

    2 Big Dividend Stocks Yielding 10%; RBC Says ‘Buy’

    Soaring commodity prices, additional federal stimulus, and government bond yields on the rise are all raising the specter of inflation. Furthermore, there is growing concern that stocks - and tech ones in particular - are now at valuations disconnected from reality. Is the changing macro climate about to send the bull market into retreat? Too early to tell, but it does signal that a more prudent approach to investing might be a good move right now. And that will bring us to dividend stocks. Investors want a pad, something to protect their portfolio in case of a market drop, and dividends offer just that. These profit-sharing payments to stockholders provide a steady income stream, that typically stays reliable even in a downturn. RBC Capital analysts have been doing some of the footwork for us, pinpointing dividend-paying stocks that have kept up high yields, just above 10%. Opening up the TipRanks database, we examine the details behind those payments to find out what else makes these stocks compelling buys. Annaly Capital Management (NLY) First up, Annaly Capital Management, is a real estate investment trust (REIT). Annaly holds a portfolio of commercial real estate with a heavy focus on retail (31%) and office (29%) spaces. Other large investments include multifamily dwellings, hotels, and healthcare properties. The company has over $100 billion total assets. In the company’s 4Q20 results, Annaly showed a 5.1% economic return for Q4, far stronger than the 1.8% reported for 2020 as a whole. EPS came in at 60 cents per common share, and more than covered the regular quarterly dividend of 22 cents. This is the third quarter in a row with the dividend at that level; at the annualized rate of 88 cents per common share, the dividend is yielding 10.7%. This is head and shoulder above the ~2% yield found among peer companies in the financial sector. Annaly has a long history of adjusting its dividend payment to fit with earnings, making it a reliable payer. Also of interest to investors, Annaly finished Q4 with $8.7 billion in unencumbered assets, including cash on hand. The company used this deep pocket to authorize a $1.5 billion common stock repurchase program, in a move to return capital to shareholders and bolster share prices. RBC’s 5-star analyst Kenneth Lee likes what he sees in Annaly’s performance, writing, “We continue to favor Annaly's diversified operating model, strong liquidity and portfolio skew towards agency MBS amid current macro backdrop... Annaly has exposure to growth-oriented, credit assets, including residential and commercial mortgage credit and middle markets lending. We believe diversification should allow NLY to pivot between attractive investment opportunities.” In line with these comments, Lee rates NLY an Outperform (i.e. Buy), along with a $9.50 price target. This figure implies a 14% upside for the year ahead. (To watch Lee’s track record, click here) Overall, there is broad agreement on Wall Street about NLY’s quality, as shown by the 7 to 1 split among the analyst reviews, favoring Buy over Hold and giving the stock a Strong Buy analyst consensus rating. The shares are currently trading for $8.22 and their $9 average price target suggests an upside potential of 9.5% from that level. (See NLY stock analysis on TipRanks) Sunoco LP (SUN) From REITs we move over to the energy industry. Sunoco LP is the largest wholesale distributor of motor fuels in the US, and supplies more than 7,300 Sunoco gas stations in 33 states. Among the company’s products are gasoline, diesel fuel, heating oil, jet fuel, lubricating oils, and kerosene – a full range of petroleum products, sold as both branded and unbranded products. Sunoco also controls 13 storage terminals that maintain a secure supply for delivery to retailers. At the retail end, Sunoco provides equipment to gas stations – from pumps to payment services. This company’s diversified business has allowed Sunoco to remain profitable during the corona pandemic crisis. EPS did come in negative in Q1, when demand fell at the height of the crisis, but quickly rebounded in Q2 and has shown year-over-year gains in each quarter since. Q4 EPS was 77 cents, up from 75 cents in the year-ago quarter. Distributable cash flow in the quarter was down year-over-year, from $120 million to $97 million, and the company announced a quarterly dividend of 82.5 cents per common share. This was held steady from the prior quarter – and in fact, has been held steady at this level since November 2016. Sunoco has been paying out a reliable dividend for the past 8 years. The current payment annualizes to $3.30 per share, and gives a yield of 10.6%. Covering SUN for RBC, analyst Elvira Scotto notes that the recent Arctic storm patterns in the continental US have negatively impacted sales volumes but remains buoyed by other aspects. “SUN maintained its 2021 guidance and noted improvement in volumes in January. We do not expect the recent weather conditions to have a meaningful impact to SUN's 2021 volumes,” said the 5-star analyst. “We believe SUN shows investors sizable current income with an improved balance sheet. We expect SUN to maintain its distribution and expect distribution coverage to improve over time.” Scotto rates SUN shares an Outperform (i.e. Buy) and increased the price target from $36 to $38. The figure implies a 23% upside for the next 12 months. (To watch Scotto’s track record, click here) Overall, SUN shares have a Moderate Buy rating from the analyst consensus, based on a range of reviews including 5 Buys, 2 Holds, and 1 Sell. The shares have an average price target of $33.50, which gives an 8% upside potential from the current trading price of $31. (See SUN stock analysis on TipRanks) To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

  • Sunoco LP Files 2020 Annual Report on Form 10-K
    PR Newswire

    Sunoco LP Files 2020 Annual Report on Form 10-K

    Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") on February 19, 2021, filed operational and financial results for the fiscal year ended December 31, 2020 on Form 10-K with the U.S. Securities and Exchange Commission. The Annual Report on Form 10-K is available in the Investor Relations section of the Partnership's website at www.SunocoLP.com under "SEC Filings & Financial Reports," as well as on the SEC's website at www.sec.gov.

  • Benzinga

    Benzinga's Top Ratings Upgrades, Downgrades For February 19, 2021

    Upgrades DA Davidson upgraded the previous rating for The Trade Desk Inc (NASDAQ:TTD) from Neutral to Buy. For the fourth quarter, Trade Desk had an EPS of $3.71, compared to year-ago quarter EPS of $1.49. The stock has a 52-week-high of $972.80 and a 52-week-low of $136.00. At the end of the last trading period, Trade Desk closed at $846.50. For KB Home (NYSE:KBH), Goldman Sachs upgraded the previous rating of Sell to Buy. For the fourth quarter, KB Home had an EPS of $1.12, compared to year-ago quarter EPS of $1.31. The current stock performance of KB Home shows a 52-week-high of $45.59 and a 52-week-low of $9.82. Moreover, at the end of the last trading period, the closing price was at $40.66. According to Roth Capital, the prior rating for Coeur Mining Inc (NYSE:CDE) was changed from Neutral to Buy. Coeur Mining earned $0.08 in the fourth quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $12.60 and a 52-week-low of $1.98. At the end of the last trading period, Coeur Mining closed at $8.40. According to Deutsche Bank, the prior rating for Sabre Corp (NASDAQ:SABR) was changed from Hold to Buy. Sabre earned $0.77 in the fourth quarter, compared to $0.16 in the year-ago quarter. The current stock performance of Sabre shows a 52-week-high of $22.50 and a 52-week-low of $3.30. Moreover, at the end of the last trading period, the closing price was at $12.72. According to JP Morgan, the prior rating for Everbridge Inc (NASDAQ:EVBG) was changed from Neutral to Overweight. In the fourth quarter, Everbridge showed an EPS of $0.03, compared to $0.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $165.79 and a 52-week-low of $90.66. Everbridge closed at $140.49 at the end of the last trading period. See all analyst ratings upgrades. Downgrades For WD-40 Co (NASDAQ:WDFC), DA Davidson downgraded the previous rating of Buy to Neutral. For the first quarter, WD-40 had an EPS of $1.72, compared to year-ago quarter EPS of $0.88. The current stock performance of WD-40 shows a 52-week-high of $333.42 and a 52-week-low of $151.16. Moreover, at the end of the last trading period, the closing price was at $319.38. For Emergent BioSolutions Inc (NYSE:EBS), Chardan Capital downgraded the previous rating of Buy to Neutral. Emergent BioSolutions earned $3.67 in the fourth quarter, compared to $1.57 in the year-ago quarter. The current stock performance of Emergent BioSolutions shows a 52-week-high of $137.61 and a 52-week-low of $46.37. Moreover, at the end of the last trading period, the closing price was at $117.50. According to Mizuho, the prior rating for Sunoco LP (NYSE:SUN) was changed from Buy to Neutral. For the fourth quarter, Sunoco had an EPS of $0.88, compared to year-ago quarter EPS of $0.75. The current stock performance of Sunoco shows a 52-week-high of $33.00 and a 52-week-low of $10.46. Moreover, at the end of the last trading period, the closing price was at $30.67. For eHealth Inc (NASDAQ:EHTH), Deutsche Bank downgraded the previous rating of Buy to Hold. In the fourth quarter, eHealth showed an EPS of $2.32, compared to $4.13 from the year-ago quarter. The current stock performance of eHealth shows a 52-week-high of $152.19 and a 52-week-low of $47.84. Moreover, at the end of the last trading period, the closing price was at $54.26. JP Morgan downgraded the previous rating for The Kraft Heinz Co (NASDAQ:KHC) from Overweight to Neutral. In the fourth quarter, Kraft Heinz showed an EPS of $0.80, compared to $0.72 from the year-ago quarter. The stock has a 52-week-high of $39.22 and a 52-week-low of $19.99. At the end of the last trading period, Kraft Heinz closed at $38.96. JP Morgan downgraded the previous rating for NOW Inc (NYSE:DNOW) from Neutral to Underweight. For the fourth quarter, NOW had an EPS of $0.25, compared to year-ago quarter EPS of $0.05. The stock has a 52-week-high of $11.19 and a 52-week-low of $4.03. At the end of the last trading period, NOW closed at $10.09. According to JP Morgan, the prior rating for MRC Global Inc (NYSE:MRC) was changed from Overweight to Neutral. MRC Global earned $0.05 in the fourth quarter, compared to $0.14 in the year-ago quarter. The current stock performance of MRC Global shows a 52-week-high of $10.80 and a 52-week-low of $3.31. Moreover, at the end of the last trading period, the closing price was at $8.60. See all analyst ratings downgrades. Initiations Roth Capital initiated coverage on Montauk Renewables Inc (NASDAQ:MNTK) with a Buy rating. The price target for Montauk Renewables is set to $17.50. The stock has a 52-week-high of $14.93 and a 52-week-low of $9.65. At the end of the last trading period, Montauk Renewables closed at $13.78. Seaport Global initiated coverage on United Natural Foods Inc (NYSE:UNFI) with a Neutral rating. United Natural Foods earned $0.51 in the first quarter, compared to $0.12 in the year-ago quarter. The current stock performance of United Natural Foods shows a 52-week-high of $32.18 and a 52-week-low of $5.00. Moreover, at the end of the last trading period, the closing price was at $26.35. Seaport Global initiated coverage on Limoneira Co (NASDAQ:LMNR) with a Neutral rating. Limoneira earned $0.42 in the fourth quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $21.85 and a 52-week-low of $10.60. At the end of the last trading period, Limoneira closed at $15.20. For Calavo Growers Inc (NASDAQ:CVGW), Seaport Global initiated coverage, by setting the current rating at Neutral. Calavo Growers earned $0.34 in the fourth quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $79.80 and a 52-week-low of $48.31. At the end of the last trading period, Calavo Growers closed at $75.01. With an Outperform rating, Raymond James initiated coverage on The Hartford Financial Services Group Inc (NYSE:HIG). The price target seems to have been set at $60.00 for Hartford Finl Servs Gr. In the fourth quarter, Hartford Finl Servs Gr showed an EPS of $1.76, compared to $1.43 from the year-ago quarter. The current stock performance of Hartford Finl Servs Gr shows a 52-week-high of $58.95 and a 52-week-low of $19.04. Moreover, at the end of the last trading period, the closing price was at $49.40. Raymond James initiated coverage on Horace Mann Educators Corp (NYSE:HMN) with a Market Perform rating. For the fourth quarter, Horace Mann Educators had an EPS of $1.13, compared to year-ago quarter EPS of $0.75. The stock has a 52-week-high of $46.09 and a 52-week-low of $30.48. At the end of the last trading period, Horace Mann Educators closed at $38.61. With an Overweight rating, KeyBanc initiated coverage on Opendoor Technologies Inc (NASDAQ:OPEN). The price target seems to have been set at $42.00 for Opendoor Technologies. The stock has a 52-week-high of $39.24 and a 52-week-low of $21.41. At the end of the last trading period, Opendoor Technologies closed at $31.18. See all analyst ratings initiations. See more from BenzingaClick here for options trades from BenzingaA Look Into Consumer Defensive Sector Value Stocks5 Value Stocks In The Basic Materials Sector© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.