Is Sunoco LP a good investment?

Is Sunoco LP a good investment?

Stocks with high Zacks Ranks and “A” grades for Value will be some of the highest-quality value stocks on the market today. One company value investors might notice is Sunoco LP (SUN). SUN is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 8.16.

Is Sunoco LP publicly traded?

What is Sunoco LP? Sunoco LP is a master limited partnership (MLP) that is a key player in the U.S. wholesale motor fuels distribution, refined products transportation, and storage and terminalling. Limited partner “units” are traded on public exchanges just like shares of stock in a corporation.

Who owns Sunoco LP?

Energy Transfer Partners LP
Its parent company is Energy Transfer Partners LP, which owns Sunoco’s general partner and incentive distribution rights. In November 2016, Sunoco Logistics Partners LP acquired Energy Transfer Partners LP, which previously acquired all branches of Sunoco in 2012 for more than $5 billion.

Will Sunoco stock go up?

Given the current horizontal trend, you can expect Sunoco LP stock with a 90% probability to be traded between $34.53 and $38.27 at the end of this 3-month period….Predicted Opening Price for Sunoco LP of Wednesday, September 1, 2021.

Fair opening price September 1, 2021 Current price
$36.99 $36.80 (Undervalued)

What is the stock price of Sunoco LP?

Sunoco LP (NYSE: SUN) (“SUN”) announced that the Board of Directors of its general partner declared a quarterly distribution for the second quarter of 2020 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis.

Who is the general partner of Sunoco LP?

Sunoco LP (NYSE: SUN) is a master limited partnership that distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors located in more than 33 states at approximately 10,000 sites. SUN’s general partner is owned by Energy Transfer Operating, L.P., a subsidiary of Energy Transfer LP (NYSE: ET).

When did Sunoco sell its interest in Suncor Energy?

Sun sold its remaining interest in Canada’s Suncor Energy in 1995, but markets product from two refineries – one in Toledo, Ohio, and the other Sarnia, Ontario – in joint ventures. In 1998, Sun Company, Inc. became Sunoco, Inc. In 2011 the Toledo facility was sold to PBF Energy.

When did Sunoco acquire Texas Pacific Oil Company?

In 1980, Sun acquired the U.S. oil and gas properties of Texas Pacific Oil Company, Inc., a subsidiary of The Seagram Company, Ltd., for US$2.3 billion—the second largest acquisition in U.S. history to that date.