Sunoco LP (NYSE:SUN) – Investment analysts at Jefferies Group reduced their Q2 2016 earnings per share estimates for Sunoco in a report released on Monday, according to Zacks Investment Research. Jefferies Group analyst C. Sighinolfi now expects that the brokerage will earn $0.49 per share for the quarter, down from their previous estimate of $0.63. Jefferies Group currently has a “Buy” rating and a $50.00 target price on the stock. Jefferies Group also issued estimates for Sunoco’s Q3 2016 earnings at $0.43 EPS and Q4 2016 earnings at $0.36 EPS.

A number of other equities research analysts have also issued reports on the company. Zacks Investment Research upgraded Sunoco from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Friday, December 4th. Barclays cut their price target on Sunoco from $47.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 21st. Deutsche Bank reiterated a “hold” rating and issued a $37.00 price target (down previously from $40.00) on shares of Sunoco in a research note on Monday, November 16th. Evercore ISI initiated coverage on Sunoco in a research note on Monday, October 26th. They issued a “hold” rating and a $35.00 price target for the company. Finally, Mitsubishi UFJ Financial Group Inc reiterated a “neutral” rating on shares of Sunoco in a research note on Tuesday, December 8th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $47.50.

Sunoco (NYSE:SUN) traded up 1.130% on Tuesday, hitting $33.019. The stock had a trading volume of 192,735 shares. Sunoco has a 52-week low of $26.34 and a 52-week high of $54.83. The company’s 50 day moving average price is $35.64 and its 200 day moving average price is $36.41. The firm has a market cap of $2.45 billion and a price-to-earnings ratio of 11.445.

Sunoco (NYSE:SUN) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.26.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 16th. Investors of record on Friday, February 5th will be issued a dividend of $0.8013 per share. This represents a $3.21 annualized dividend and a yield of 9.82%. This is a positive change from Sunoco’s previous quarterly dividend of $0.75.

An institutional investor recently raised its position in Sunoco stock. Duff & Phelps Investment Management Company raised its stake in shares of Sunoco LP (NYSE:SUN) by 36.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,000 shares of the company’s stock after buying an additional 40,000 shares during the period. Duff & Phelps Investment Management Company owned 0.29% of Sunoco worth $5,942,000 at the end of the most recent reporting period.

Sunoco LP, formerly Susser Petroleum Partners LP, is engaged in the fee-based wholesale distribution of motor fuels to Susser and third parties in Texas, New Mexico, Oklahoma, Louisiana, Kansas, Maryland, Virginia, Tennessee, Georgia and Hawaii. The Company is also engaged in the retail sale of motor fuel and the operation of convenience stores through its subsidiaries. It operates in two segments: Wholesale operations segment, which sells motor fuel to its retail segment and external customers, and Retail operations segment, which operates convenience stores selling a variety of merchandise, food items, services and motor fuel. It operates through its subsidiaries: Susser Petroleum Operating Company LLC, T&C Wholesale LLC, Susser Energy Services LLC, Susser Petroleum Property Company LLC, Southside Oil, LLC and Aloha Petroleum, Ltd, among others. It distributes motor fuel under the Chevron, Citgo, Conoco, Exxon, Mobil, Phillips66, Shamrock, Texaco, and Mahalo brands, among others.

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