Can Sunoco LP’s Tomorrow Be Different? Option Trader Are Very Bearish

 Can Sunoco LP's Tomorrow Be Different? Option Trader Are Very Bearish

In today’s session Sunoco LP (SUN) recorded an unusually high (357) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious SUN decrease. With 357 contracts traded and 484 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: SUN161216P00020000 closed last at: $0.45 or 125% up. The stock increased 0.80% or $0.17 on November 23, hitting $21.44. About 2.61 million shares traded hands or 182.75% up from the average. Sunoco LP (NYSE:SUN) has declined 40.54% since April 22, 2016 and is downtrending. It has underperformed by 45.95% the S&P500.

Analysts await Sunoco LP (NYSE:SUN) to report earnings on February, 23. They expect $0.22 EPS, up 269.23% or $0.35 from last year’s $-0.13 per share. SUN’s profit will be $22.88M for 24.36 P/E if the $0.22 EPS becomes a reality. After $0.24 actual EPS reported by Sunoco LP for the previous quarter, Wall Street now forecasts -8.33% negative EPS growth.

Sunoco LP (NYSE:SUN) Ratings Coverage

Out of 13 analysts covering Sunoco Inc. (NYSE:SUN), 4 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 31% are positive. Sunoco Inc. has been the topic of 29 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Sunoco LP (NYSE:SUN) has “Equal Weight” rating given on Friday, August 7 by Barclays Capital. Jefferies downgraded it to “Hold” rating and $35 target price in Tuesday, March 22 report. RBC Capital Markets maintained the shares of SUN in a report on Friday, November 13 with “Outperform” rating. RBC Capital Markets maintained Sunoco LP (NYSE:SUN) on Wednesday, May 11 with “Outperform” rating. The firm earned “Mkt Perform” rating on Friday, September 9 by FBR Capital. The stock of Sunoco LP (NYSE:SUN) has “Outperform” rating given on Thursday, November 19 by Credit Suisse. The rating was maintained by UBS with “Buy” on Thursday, August 4. On Friday, April 15 the stock rating was maintained by JP Morgan with “Overweight”. The stock of Sunoco LP (NYSE:SUN) has “Neutral” rating given on Thursday, August 4 by Robert W. Baird. The company was maintained on Tuesday, November 24 by RBC Capital Markets.

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 1.2 in 2016 Q2. Its up 0.09, from 1.11 in 2016Q1. The ratio increased, 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.
The New York-based Blackrock Inc has invested 0% in Sunoco LP (NYSE:SUN). Raymond James Associates holds 0% or 30,361 shares in its portfolio. Babson Capital Ltd Limited Liability Company accumulated 0.03% or 41,900 shares. Deutsche Natl Bank Ag holds 0.01% of its portfolio in Sunoco LP (NYSE:SUN) for 704,658 shares. Cohen Steers Inc has 0% invested in the company for 175 shares. Susquehanna Gp Limited Liability Partnership holds 0% or 116,005 shares in its portfolio. Moreover, Gradient Investments Limited Com has 0% invested in Sunoco LP (NYSE:SUN) for 600 shares. Bradley Foster And Sargent Incorporated Ct has invested 0.03% of its portfolio in Sunoco LP (NYSE:SUN). Global X Ltd reported 189,739 shares or 0.29% of all its holdings. Morgan Stanley owns 3.19 million shares or 0.03% of their US portfolio. Stanley holds 0.2% of its portfolio in Sunoco LP (NYSE:SUN) for 17,318 shares. Samson Capital Mngmt Ltd Liability Corp has 4.22% invested in the company for 167,162 shares. Franklin has 10,715 shares for 0% of their US portfolio. Tph Asset Lc accumulated 2.99% or 1.03M shares. Peak6 Invs L P has 0% invested in the company for 17,745 shares.

Sunoco LP, formerly Susser Petroleum Partners LP, 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 company has a market cap of $2.23 billion. The Firm operates through two divisions: wholesale and retail. It has a 15.13 P/E ratio. The Wholesale activities segment sells motor fuel to its retail segment and external customers.

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.

More notable recent Sunoco LP (NYSE:SUN) news were published by: Forbes.com which released: “Is There Value In Sunoco Logistics’ Merger With Energy Transfer Partners?” on November 21, 2016, also Fool.com with their article: “Sunoco LP Shrugs Off Operational Challenges and Turns In Solid Q3 Earnings” published on November 11, 2016, Seekingalpha.com published: “Sunoco LP’s Growing Pains” on November 14, 2016. More interesting news about Sunoco LP (NYSE:SUN) were released by: Prnewswire.com and their article: “Sunoco LP Announces Third Quarter 2016 Financial and Operating Results” published on November 09, 2016 as well as Prnewswire.com‘s news article titled: “Sunoco LP Maintains Quarterly Distribution” with publication date: October 26, 2016.

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