Wells Fargo & Company Issues Positive Forecast for Sunoco (NYSE:SUN) Stock Price

Sunoco (NYSE:SUN) had its price objective increased by equities research analysts at Wells Fargo & Company from $77.00 to $82.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 10.53% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Barclays boosted their price target on Sunoco from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday. Mizuho set a $83.00 price objective on shares of Sunoco in a report on Friday, July 24th. Citigroup boosted their target price on shares of Sunoco from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Royal Bank Of Canada increased their target price on shares of Sunoco to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. raised their price target on shares of Sunoco from $73.00 to $84.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $78.00.

Sunoco Stock Down 0.2%

NYSE:SUN traded down $0.14 during mid-day trading on Wednesday, reaching $74.19. The stock had a trading volume of 44,339 shares, compared to its average volume of 484,012. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.40 and a quick ratio of 0.92. The company has a market capitalization of $15.20 billion, a price-to-earnings ratio of 18.97 and a beta of 0.41. Sunoco has a 1-year low of $47.98 and a 1-year high of $78.11. The stock’s 50 day simple moving average is $68.91 and its two-hundred day simple moving average is $65.63.

Sunoco (NYSE:SUN) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($1.56). Sunoco had a net margin of 3.07% and a return on equity of 17.52%. The firm had revenue of $14.26 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the previous year, the company earned $0.33 EPS. The company’s quarterly revenue was up 164.5% compared to the same quarter last year. Equities analysts anticipate that Sunoco will post 8.8 EPS for the current year.

Hedge Funds Weigh In On Sunoco

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ancora Advisors LLC bought a new stake in Sunoco in the 3rd quarter valued at about $40,000. Glen Eagle Advisors LLC grew its position in Sunoco by 496.5% in the 4th quarter. Glen Eagle Advisors LLC now owns 853 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 710 shares during the last quarter. Cresta Advisors Ltd. acquired a new stake in shares of Sunoco in the fourth quarter valued at approximately $64,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Sunoco during the first quarter valued at approximately $78,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Sunoco by 110.3% during the fourth quarter. Russell Investments Group Ltd. now owns 1,569 shares of the oil and gas company’s stock valued at $82,000 after buying an additional 823 shares during the last quarter. Institutional investors and hedge funds own 24.29% of the company’s stock.

More Sunoco News

Here are the key news stories impacting Sunoco this week:

• Positive Sentiment: Sunoco reported second-quarter net income of $283 million, up from $86 million a year earlier. Revenue rose 164.5% to $14.26 billion, while adjusted EBITDA increased to $982 million from $454 million. Sunoco Q2 2026 financial and operating results
• Positive Sentiment: Management raised full-year 2026 adjusted EBITDA guidance by $400 million to $3.5 billion-$3.7 billion, citing contributions from acquisitions and potential refining-sector upside. Sunoco raises 2026 EBITDA guidance
• Positive Sentiment: Adjusted distributable cash flow reached $608 million, compared with $300 million in the prior-year quarter. Sunoco also declared a $1.0023-per-unit quarterly distribution, more than 10% above the year-earlier payout. Sunoco Q2 earnings and guidance update
• Neutral Sentiment: The earnings call highlighted strong growth momentum, but investors are weighing acquisition-driven expansion against approximately $13.3 billion of long-term debt and refinancing sensitivity. Sunoco earnings call highlights
• Negative Sentiment: Reported earnings of $0.94 per unit fell well short of the $2.50 analyst consensus, even though revenue exceeded estimates. The earnings miss is the clearest near-term reason for the weaker unit price. Sunoco Q2 earnings report
• Negative Sentiment: One analyst argued that Sunoco’s strong results are already reflected in its valuation and downgraded the units because of the partnership’s long-term IDR burden. Higher interest rates could also weigh on high-yield income investments. Sunoco valuation and IDR downgrade analysis

About Sunoco

Sunoco LP (NYSE: SUN) is an independent master limited partnership that specializes in the distribution and marketing of transportation fuels and related products. The company operates through two primary segments: wholesale fuel distribution and retail marketing. In wholesale distribution, Sunoco supplies branded fuels to distributors, commercial customers and resellers across the United States. Its retail marketing arm operates a network of company?owned and franchised Sunoco branded service stations and convenience stores, providing gasoline, diesel, ethanol blends and lubricants to consumers.

Sunoco’s product portfolio extends beyond traditional fuels to include biofuels, specialty chemicals and on?road diesel treated to meet ultra?low sulfur requirements.