Stock of the Day: Sunoco LP’s Stock Is Sell After Today’s Big Decline

Stock of the Day: Sunoco LP's Stock Is Sell After Today's Big Decline

The stock of Sunoco LP (NYSE:SUN) is a huge mover today! About 752,411 shares traded hands or 81.16% up from the average. Sunoco LP (NYSE:SUN) has declined 17.30% since April 6, 2016 and is downtrending. It has underperformed by 19.26% the S&P500.
The move comes after 9 months negative chart setup for the $2.92B company. It was reported on Nov, 8 by Barchart.com. We have $24.29 PT which if reached, will make NYSE:SUN worth $146.00M less.

Sunoco LP (NYSE:SUN) Ratings Coverage

Out of 13 analysts covering Sunoco Inc. (NYSE:SUN), 4 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 31% are positive. Sunoco Inc. has been the topic of 28 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Mizuho on Friday, September 30. The rating was maintained by RBC Capital Markets on Thursday, July 23 with “Outperform”. The rating was initiated by Citigroup on Friday, September 23 with “Neutral”. The stock of Sunoco LP (NYSE:SUN) earned “Outperform” rating by RBC Capital Markets on Friday, November 13. As per Thursday, June 16, the company rating was maintained by Barclays Capital. The company was downgraded on Tuesday, March 22 by Jefferies. Oppenheimer initiated the stock with “Outperform” rating in Tuesday, June 21 report. The company was maintained on Friday, April 15 by JP Morgan. The stock has “Neutral” rating given by Robert W. Baird on Thursday, August 4. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, November 24.

According to Zacks Investment Research, “Sunoco LP operates as a wholesale fuel distributor. It engages in distributing motor fuel to convenience stores, independent dealers, commercial customers and distributors. The Company also operates convenience stores and retail fuel sites. Sunoco LP, formerly known as Susser Petroleum Partners LP, is based in Houston, Texas.”

Insitutional Activity: The institutional sentiment increased to 1.11 in Q2 2016. Its up 0.03, from 1.08 in 2016Q1. The ratio improved, as 17 funds sold all Sunoco LP shares owned while 28 reduced positions. 23 funds bought stakes while 27 increased positions. They now own 38.18 million shares or 20.58% more from 31.67 million shares in 2016Q1.
Kayne Anderson Cap Advisors Lp accumulated 0.48% or 1.44 million shares. Trellus Com Ltd Liability Com holds 0.73% of its portfolio in Sunoco LP (NYSE:SUN) for 15,000 shares. Blackrock, a New York-based fund reported 5,230 shares. Quantbot Tech L P has invested 0% of its portfolio in Sunoco LP (NYSE:SUN). Spirit Of America Mngmt Corporation Ny holds 0.85% or 194,032 shares in its portfolio. X Co Ltd, a New York-based fund reported 189,739 shares. The New York-based Van Eck Corp has invested 0.02% in Sunoco LP (NYSE:SUN). Citigroup has 0.17% invested in the company for 5.50M shares. Greenwich Inv Mngmt last reported 11,300 shares in the company. Guggenheim Cap Limited Liability Com, a Illinois-based fund reported 8,764 shares. Babson Cap Ltd Liability Company has invested 0.03% of its portfolio in Sunoco LP (NYSE:SUN). Pentwater Capital Mgmt Lp last reported 0.04% of its portfolio in the stock. Magnetar Fincl Ltd Limited Liability Company last reported 1.28% of its portfolio in the stock. Evergreen Mgmt Ltd Liability has 1.48% invested in the company for 227,675 shares. Tph Asset Mngmt Limited Com has 1.03M shares for 2.99% of their US portfolio.

More notable recent Sunoco LP (NYSE:SUN) news were published by: Fool.com which released: “Sunoco LP’s Recent Acquistion Shows Its Next Chapter in Growth” on June 27, 2016, also Fool.com with their article: “3 Reasons Sunoco LP Stock Could Rise” published on August 18, 2016, Prnewswire.com published: “Sunoco LP Completes the Acquisition of the Convenience Store and Wholesale …” on October 12, 2016. More interesting news about Sunoco LP (NYSE:SUN) were released by: Prnewswire.com and their article: “Sunoco LP Completes the Acquisition of the Wholesale Fuel Distribution and …” published on August 31, 2016 as well as Prnewswire.com‘s news article titled: “Sunoco LP Maintains Quarterly Distribution” with publication date: October 26, 2016.

SUN Company Profile

Sunoco LP, formerly Susser Petroleum Partners LP, incorporated on June 11, 2012, is engaged in the retail sale of motor fuels and merchandise through the Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial clients and distributors. The Firm operates through two divisions: wholesale and retail. The Wholesale activities segment sells motor fuel to its retail segment and external customers. The Retail activities segment operates convenience stores selling a range of merchandise, food items, services and motor fuel. The Firm operates approximately 900 convenience stores and fuel outlets in over eight states, offering merchandise, food service, motor fuel and other services. It distributes approximately 7.6 billion gallons of motor fuel through its convenience stores and consignment locations, contracted independent convenience store operators, and other commercial customers.

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