Sunoco LP (NYSE: SUN) is 12.75% higher on its value in year-to-date trading and has touched a low of $49.45 and a high of $64.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SUN stock was last observed hovering at around $56.70 in the last trading session, with the day’s gains setting it 1.3%.
Currently trading at $58.00, the stock is 7.56% and 8.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.14 million and changing 2.29% at the moment leaves the stock 7.97% off its SMA200. SUN registered -3.11% loss for a year compared to 6-month loss of 5.21%. The firm has a 50-day simple moving average (SMA 50) of $53.4812 and a 200-day simple moving average (SMA200) of $53.6929.
The stock witnessed a 12.75% gain in the last 1 month and extending the period to 3 months gives it a 11.88%, and is 4.04% up 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 2.59% over the week and 2.39% over the month.
Sunoco LP (SUN) has around 2389 employees, a market worth around $8.84B and $23.07B in sales. Current P/E ratio is 13.29 and Fwd P/E is 8.81. Profit margin for the company is 2.11%. Distance from 52-week low is 17.29% and -10.62% from its 52-week high. The company has generated returns on investments over the last 12 months (4.09%).
with sales reaching $5.92B over the same period.The EPS is expected to grow by 61.61% this year, but quarterly earnings will post 0.28% year-over-year. Quarterly sales are estimated to grow 4.93% in year-over-year returns.
296.0 institutions hold shares in Sunoco LP (SUN), with institutional investors hold 54.65% of the company’s shares. The shares outstanding are 136.00M, and float is at 105.02M with Short Float at 1.49%. Institutions hold 42.95% of the Float.
The top institutional shareholder in the company is ALPS ADVISORS INC with over 18.81 million shares valued at $1.06 billion. The investor’s holdings represent 22.2834 of the SUN Shares outstanding. As of 2024-06-30, the second largest holder is INVESCO LTD. with 8.5 million shares valued at $480.61 million to account for 10.0686 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 6.7 million shares representing 7.9361 and valued at over $378.82 million, while MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. holds 4.8556 of the shares totaling 4.1 million with a market value of $231.78 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).
