Sunoco LP (NYSE: SUN) is -13.07% lower on its value in year-to-date trading and has touched a low of $43.85 and a high of $64.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SUN stock was last observed hovering at around $50.45 in the last trading session, with the day’s gains setting it 1.65%.
Currently trading at $52.10, the stock is -3.78% and -5.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.67 million and changing 3.27% at the moment leaves the stock -7.72% off its SMA200. SUN registered 17.66% gain for a year compared to 6-month loss of -14.80%.
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The stock witnessed a -10.82% gain in the last 1 month and extending the period to 3 months gives it a -2.89%, and is -1.51% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.73% over the week and 2.68% over the month.
Sunoco LP (SUN) has around 2389 employees, a market worth around $7.04B and $23.63B in sales. Current P/E ratio is 6.88 and Fwd P/E is 9.11. Profit margin for the company is 3.27%. Distance from 52-week low is 18.81% and -19.71% from its 52-week high. The company has generated returns on investments over the last 12 months (6.38%).
Sunoco LP quarterly earnings per share for the current quarter are estimated at 1.29 with sales reaching $6.17B over the same period.The EPS is expected to grow by 58.00% this year, but quarterly earnings will post -14.00% year-over-year. Quarterly sales are estimated to shrink -2.40% in year-over-year returns.
295.0 institutions hold shares in Sunoco LP (SUN), with institutional investors hold 54.82% of the company’s shares. The shares outstanding are 135.07M, and float is at 105.12M with Short Float at 1.07%. Institutions hold 43.10% of the Float.
The top institutional shareholder in the company is ALPS ADVISORS INC with over 9.68 million shares valued at $$583.74 million. The investor’s holdings represent 11.4685 of the SUN Shares outstanding. As of 2024-03-31, the second largest holder is GOLDMAN SACHS GROUP INC with 2.2 million shares valued at $$132.34 million to account for 2.6 of the shares outstanding. The other top investors are BLACKSTONE INC. which holds 1.18 million shares representing 1.3964 and valued at over $$71.08 million, while BOWEN HANES & CO INC holds 0.7107 of the shares totaling 0.6 million with a market value of $$36.17 million.
Sunoco LP (SUN) Insider Activity
The most recent transaction is an insider purchase by Harkness Austin, the company’s EVP – Commercial. SEC filings show that Harkness Austin bought 1,000 shares of the company’s common stock on May 29 ’24 at a price of $49.74 per share for a total of $49740.0. Following the purchase, the insider now owns 83686.0 shares.
Sunoco LP disclosed in a document filed with the SEC on May 24 ’24 that Fails Karl R (EVP & Chief Operations Officer) bought a total of 3,000 shares of the company’s common stock. The trade occurred on May 24 ’24 and was made at $50.18 per share for $0.15 million. Following the transaction, the insider now directly holds 0.23 million shares of the SUN stock.
Still, SEC filings show that on May 24 ’24, Hand Brian A (EVP-Chief Sales Officer) acquired 2,000 shares at an average price of $49.59 for $99180.0. The insider now directly holds 153,255 shares of Sunoco LP (SUN).
