Sunoco LP Stock Slips Despite Market Gains: Here’s What You Need to Know
June 20, 2023
🌧️Trending News
Sunoco ($NYSE:SUN) LP (SUN) stock slipped 0.47% to close at $44.12 on the latest trading day, while the market overall gained. Despite this short-term dip, investors may want to know more about the company and what lies ahead. Sunoco LP has a diversified portfolio that generates revenue from retail motor fuel sales, merchandise sales, and non-fuel sales, such as car washes and lottery games. Investors may want to take a closer look at the company’s financials and any potential market catalysts that could move the stock higher or lower in the near future.
These deals could drive future growth in Sunoco LP’s stock price. Furthermore, investors should watch out for any macroeconomic news that could affect the retail sector, as well as any updates on Sunoco’s dividend payment plans.
Share Price
On Thursday, Sunoco LP (NYSE: SUN) stock opened at $44.4 and closed at $44.1, down by 0.5% from the previous closing price of $44.3. Sunoco LP is an American master limited partnership engaged in the distribution and sale of motor fuels and merchandise convenience store items. Sunoco’s operations primarily involve refining, transporting and storing crude oil and petroleum products. The stock has been weighed down by a drop in demand for fuel related to the pandemic and its impact on travel.
Despite this, Sunoco LP has remained profitable and continues to invest in new technologies that can help improve customer service and efficiency. Investors should keep an eye on Sunoco LP’s financials for further information on the company’s performance. With the stock at its current level, it may be a good time for investors to consider buying or adding to their positions in Sunoco LP. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sunoco Lp. More…
| Total Revenues | Net Income | Net Margin |
| 25.69k | 342 | 1.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sunoco Lp. More…
| Operations | Investing | Financing |
| 561 | -464 | -40 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sunoco Lp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.55k | 5.55k | 11.21 |
Key Ratios Snapshot
Some of the financial key ratios for Sunoco Lp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.7% | 34.0% | 2.4% |
| FCF Margin | ROE | ROA |
| 1.5% | 39.8% | 5.9% |
Analysis
At GoodWhale, we recently performed an in-depth analysis of SUNOCO LP. After careful review of the financial and business aspects of the company, we have determined that SUNOCO LP is a medium risk investment in terms of Risk Rating. During our analysis, we identified two risk warnings in the income sheet and balance sheet. These warnings should be taken into consideration when deciding whether SUNOCO LP is a viable investment. To gain access to our detailed risk warnings, become a registered user on our website. We have provided a comprehensive overview of SUNOCO LP’s current financial and operational situation to ensure you make an informed decision. More…
Peers
Headquartered in Dallas, Texas, Sunoco LP has approximately 5,000 employees and operates more than 1,300 convenience stores and gas stations in 35 states. The company’s primary competitors are Delek US Holdings Inc, HF Sinclair Corp, PTT Oil and Retail Business PCL.
– Delek US Holdings Inc ($NYSE:DK)
Delek US Holdings Inc is a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels and convenience store retailing. The company operates through two segments: Refining and Logistics, and Retail. The Refining and Logistics segment includes refining operations and logistics assets that support the transportation, storage and distribution of refined products. The Retail segment consists of convenience store and fuel retailing operations. Delek US Holdings Inc is headquartered in Brentwood, Tennessee.
– HF Sinclair Corp ($NYSE:DINO)
Sinclair Broadcast Group, Inc. is one of the largest television broadcasting companies in the United States. The company owns or operates, programs or provides sales services to more than 190 television stations in 89 markets. Sinclair’s television group reaches approximately 38.9% of U.S. television households and includes FOX, ABC, CBS, CW, MyNetworkTV, and Univision affiliates. Sinclair also owns or operates four radio stations in the Pacific Northwest.
– PTT Oil and Retail Business PCL ($SET:OR)
PTT Oil and Retail Business PCL is a Thai oil and gas company with a market cap of 292.8 billion as of 2022. The company has a return on equity of 11.75%. PTT Oil and Retail Business PCL is involved in the exploration, production, refining, and marketing of oil and gas. The company also has a retail business that operates a chain of gas stations and convenience stores in Thailand.
Summary
Sunoco LP (NYSE:SUN) has been trading in the red in recent days, closing -0.47% lower at $44.12 on the last trading day. This indicates a slight decrease in value for the stock, making it a potentially lucrative opportunity for investors looking to capitalize on market gains. Analysts suggest that investors keep an eye on technical indicators such as the RSI, MACD, and moving averages.
Furthermore, investors may want to look at the stock’s price-to-earnings ratio and debt-to-equity ratio in order to get a better understanding of its valuation. As with any potential stock investment, investors should do their own due diligence to ensure that Sunoco LP is a sound investment decision.
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