Stock in Wall Street Spotlight: Sunoco LP (NYSE: SUN)

Sunoco LP (NYSE: SUN) stock identified change of 25.92% away from 52-week low price and recently located move of -9.48% off 52-week high price. It has market worth of $2466.83M and dividend yield of 11.01%. SUN stock has been recorded 8.29% away from 50 day moving average and 9.95% away from 200 day moving average. Moving closer, we can see that shares have been trading 7.73% off 20-day moving average.

Sunoco LP (NYSE: SUN) reported that the Board of Directors of its general partner declared a quarterly distribution for the fourth quarter of 2018 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis. The distribution will be paid on February 14, 2019 to common unitholders of record on February 6, 2019.

SUN will release its fourth quarter 2018 financial and operating results after the market closes on Wednesday, February 20. In conjunction with the news release, management will hold a conference call on Thursday, February 21 at 9:30 a.m. Central Time (10:30 a.m. Eastern Time) to discuss SUN’s results.

Sunoco LP (NYSE: SUN) is a master limited partnership that distributes motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers and distributors located in more than 30 states. SUN’s general partner is owned by Energy Transfer Operating, L.P., a wholly owned subsidiary of Energy Transfer LP (NYSE: ET).

 The Basic Materials sector company, Sunoco LP noticed change of 1.39% to $29.97 along volume of 325786 shares in recent session compared to an average volume of 508.63K. The stock observed return of 3.38% in 5 days trading activity. The stock was at 18.69% over one month performance. SUN’s shares are at 2.64% for the quarter and driving a -7.53% return over the course of the past year and is now at 10.22% since this point in 2018.   The average volatility for the week at 1.77% and for month was at 2.63%. There are 82.31M shares outstanding and 53.52M shares are floated in market. Right now the stock beta is 0.79. 

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