Sunoco LP (SUN) Options

Old faithful rises again!

Sunoco LP (NYSE:SUN) declares $0.8255/share quarterly dividend, in line with previous.

Forward yield 9.01%

Payable Aug. 19; for shareholders of record Aug. 6; ex-div Aug. 5.

Sunoco continues to be a solid investment with both capital appreciation and a high yielding dividend. Future is roseate.

The announcement in July should read something like this:

"quarterly distribution for the 2nd quarter of 2021 of $0.8255 per common unit or $3.3020 per common unit on an annualized basis"

If we are fortunate, SUN may increase the dividend, as they have gotten rid of old debt and replaced with newer debt at more favorable terms.

I am looking forward to the next quarterly earnings report and the nice dividend attached to it.

SUN is holding up very well. It is a first class company.

SUN is one of the best investments I have made this year. For me, the dividend yield at my purchase price is still 12 percent.

The capital appreciation (PPS increase) has been splendid!

DALLAS, April 22, 2021 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the first quarter of 2021 of $0.8255 per common unit or $3.3020 per common unit on an annualized basis. The distribution will be paid on May 19, 2021 to common unit holders of record on May 11, 2021. added 33.52 avg 27.82

I am looking for SUN to reach $27.50 to 28 by yearrs end.

Yes at .825 a share using the divs to by other stocks.

$SUN I will not sell

$SUN you are still making money?!

$SUN yes... collecting divs is what everybody is doing here! Text book financial gains!

$SUN Yeah!

$SUN The Board does not look afraid... giving dividends when the oil industry is a mess! I love SUN's Board of Directors

$SUN Article about oil companies
http://stockmarketrevolution.com/archives/14903

$SUN More cash from the acquisition...? Do you think? That looks good.

Time to buy $SUN

$SUN news,

$KYNC acquired a company working with $SUN behind the scenes in their finance dept.

https://finance.yahoo.com/news/kyn-capital-group-inc-announces-141500216.html

Hmmm how low will it go tomorrow.. maybe time to add if big drop but still hate to average up.. current pps is $22

“HOW DARE YOU!”

DALLAS, July 25, 2019 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the second quarter of 2019 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis. The distribution will be paid on August 14, 2019 to common unitholders of record on August 6, 2019.

DALLAS, April 25, 2019 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the first quarter of 2019 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis. The distribution will be paid on May 15, 2019 to common unitholders of record on May 7, 2019.

SUN Licensed GERS Oil Extraction Patents!$!$!$

Great job to Sunoco for being an early adopter! GERS hit a 52 week high today! News is spreading that the industry has reached a settlement with GERS. This would include companies like Valero (VLO), Bungee (BG), Rex American (REX) Archer Daniels (ADM) as well as others.

http://www.sunocoethanol.com/by-products/corn-oil

GERS (GreenShift) hit a 52 week high today!

http://www.sunocoethanol.com/ag-partners/processing-partners

Here's the system GERS installed in Sunoco's refinery...

https://www.flickr.com/photos/124975029@N02/sets/72157644957555563/

Good Luck To All!$!$

Very Nice earnings report! Should make for a nice day today..

Picked up 700 units today going collect the div and go for a ride here!

I'd say Goldman got it WRONG

... now GS does a 180 50% higher than their target.

Gotta love it. Goldman Sachs put a sell on sun with a 20 target the other day. Gotta love the yield here!!!

We broke 30s Now see if we hold it today..SUN

Nice..SUN

Sunoco upgraded at Barclays, which sees further gains after c-store sale

Sunoco (SUN +3.3%) extends yesterday's 20% surge following its $3.3B sale of 1,110 convenience stores to the Japanese operator of the 7-Eleven convenience store chain.

The deal is seen as the first step in SUN's strategic move away from company-operated convenience stores to its fuel supply business.

Barclays upgrades shares to Overweight from Equal Weight with a $35 price target, raised from $26, based on the c-store divestiture, which it says opens up visibility for SUN to reach 4.5x-4.75x leverage and 1.1x coverage.

The firm thinks the shares have more room to run and warrants further yield compression vs. 11.5% currently given that SUN is on the path to rehabilitation.

Featured Stock for Investors: Sunoco LP (SUN)

Several investment firms issued their expert ratings on Sunoco LP (SUN) in which FBR Capital Downgrades Sunoco LP (SUN) to Market Perform by settling a price target of $28 on 2/27/17. JP Morgan Downgrades the stock to Neutral on 2/15/17 with no specific Price Target. FBR Capital Upgrades the company’s stock to Outperform on 12/22/16 with no specific Price Target. Credit Suisse Upgrades Sunoco LP (SUN) to Outperform with no specific Price Target.

Sunoco LP (SUN) currently has a consensus Price Target of $28.33. While some analysts have a High Price target for the stock of $46 and a Low Price Target of $20.


https://hugopress.com/2017/04/07/featured-stock-for-investors-sunoco-lp-sun/

Almost the exact same for me.. Kind-of a roller coaster there for a while.

Well I bought at 25, it immediately retraced to the 22s I think, moved up to the 28s, retraced again to the 23s. So I sold on the news.

But so far it looks like 29s this morning.

But I wonder how much selling pressure at 30 there will be. I cant be the only one who was frustrated with this.

Chris

We may have a little shake-out, but I'm thinking we will se 30s here soon. Will be a nice 3.3 bill deal when complete, and with rights to fueling for next 15 yrs should give nice profit to SUN and maintain or even grow the dividend imo.

Nice call.

Chris

Heading back north may see $5 gain again here soon. SUN

Yeah no complaints -- other than with an 11% dividend, I wish it had been in the 30s before todays news.

Chris

Still a nice profit..SUN

Yeah I sold at the open for 28. It started to sell off and I needed to run some errands. Based on how much it moved every 5 minutes, it would have killed be to wait till 10:10 to sell at 29.

Chris

WOW UP $5 dollars and growing..SUN

I think it will continue to be pretty volatile until they get their debt under control. Currently paying a great dividend of around 13% but lots of doubt about whether they can continue to pay out that much. If they cut the dividend substantially then I fear there will be a pretty big sell off. SUN was at $37 just a year ago but also dropped to $21 just 3 months ago so it has been on a roller coaster the past year. We shall see what happens with the dividend soon I would think.

options

For a boring old oil company, the stock price sure does move around a lot !

Chris

Thanks. I would have thought with oil in the 50s, sun would be doing well.

Chris

Lousy financials plus the prospect that the dividend is likely to be cut severely next quarter.

Any reason why $SUN is being totally dumped ?

Chris

Just a glitch. Still looking good over the past several months. I'm happy where the price currently is until after the 21st when dividends are paid. Like to pickup a few more shares for the buck.

Did this jump 50 % yesterday ? Or was that a glitch?

get it level first!