Barclays Reiterates Buy Rating on Sunoco LP
Barclays maintains its buy rating on Sunoco LP with a $75 price target, a 20.73% upside from the current price.
Key Points
- Barclays reiterated its buy rating on Sunoco LP, setting a price target of $75 on June 23, 2026.
- Barclays's $75 price target implies 20.73% upside from Sunoco LP's ($SUN) current $62.12 share price.
- Sunoco LP shares were trading at $62.12 on Friday, with a market cap of $12.19 billion.
- Peers like FMR LLC significantly increased their holdings, while insider buying occurred in January 2026.
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Barclays has reiterated its buy rating on Sunoco LP, maintaining a price target of $75. Analyst Theresa Chen confirmed the rating on June 23, 2026, highlighting continued confidence in the energy company's prospects.
Barclays vs. the S&P 500
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Other Institutional Activity in Sunoco LP
Several institutional investors have adjusted their positions in Sunoco LP. FMR LLC significantly increased its holdings by 1,788,677 shares, bringing its total to 3,637,014 shares valued at approximately $236.3 million, marking a 96.8% increase. Meanwhile, ALPS Advisors Inc trimmed its stake by 184,874 shares, now holding 24,671,391 shares worth about $1.60 billion. Goldman Sachs Group Inc reduced its position by 333,045 shares to 5,528,643 shares, valued at $359.2 million, a decrease of 5.7%.
Sunoco LP Stock Down 16.8%
Shares of NYSE:SUN traded near $62.12 on Friday. Sunoco LP has a market cap of $12.19 billion, a P/E ratio of 16.5, and a beta of 0.429. The stock has seen a 52-week low of $47.98 and a high of $72.88, with a 50-day moving average of $66.64 and a 200-day moving average of $58.99. The company has a current ratio of 1.395 and a quick ratio of 0.848, with a debt-to-equity ratio of 184.677.
$SUN price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Sunoco LP reported revenues of $30.71 billion, reflecting a growth rate of 1.064%. The company achieved an EPS of $3.92, with a net margin of 3.139% and a return on equity of 15.42%. The next earnings report is expected on May 5, 2026.
Dividend
Sunoco LP offers an annual dividend rate of $3.75, yielding 5.8% with a payout ratio of 93.32%.
Insider Buying and Selling at Sunoco LP
In January 2026, several insiders including Bradley Barron, Oscar Alvarez, Brett Smith, and David Skidmore purchased 2,436 shares each. These transactions were not part of a planned trading program.
Analysts Set New Price Targets
On June 23, 2026, Barclays maintained its buy rating for Sunoco LP with a price target of $75. Other analysts have also shown optimism: RBC Capital maintained a buy rating with a $78 target on May 13, 2026, and Wells Fargo set a target of $77 on May 7, 2026. The consensus among analysts is a strong buy, with a mean target price of $74.38 across 8 opinions.
About Sunoco LP
Sunoco LP, based in Dallas, Texas, operates in the energy sector, focusing on oil and gas refining and marketing. It distributes motor fuels and other petroleum products, manages pipeline systems, and operates terminals. The company, led by CEO Joseph Kim, employs around 8,910 people and has been in operation since 1960.
Bottom Line
Barclays' reiterated buy rating for Sunoco LP reflects confidence in the company's potential. Investors track these ratings to gauge market sentiment and future prospects. Remember, analyst ratings are forward-looking opinions and not guarantees of future performance.
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