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Sunoco LP (NYSE:SUN) is included among the 15 Extreme Dividend Stocks to Buy According to Hedge Funds.
On November 10, Citi began coverage of Sunoco LP (NYSE:SUN) with a Buy rating and a $65 price target, according to a report by The Fly. The firm noted that even though gasoline demand has been on the decline since 2018, the company has managed to more than triple its EBITDA during that period.
In its third-quarter 2025 earnings report, Sunoco LP (NYSE:SUN) announced the completion of its $9 billion acquisition of Parkland Corporation. The merger created the largest independent fuel distributor in the Americas and a major operator of energy infrastructure. The combined company generated more than $3 billion in pro forma adjusted EBITDA over the past year, with the acquisition expected to deliver over $250 million in synergieses by 2028 and result in more than 10% accretion.
During the quarter, Sunoco LP (NYSE:SUN) reported revenue of $6.03 billion, reflecting an increase of nearly 5% compared to the same period a year earlier and surpassing analysts’ estimates by $284 million. The company also raised its quarterly distribution by 1.25% and remains on track to achieve its target of at least 5% distribution growth in 2025.
Sunoco LP (NYSE:SUN) operates as a major energy infrastructure and fuel distribution master limited partnership, serving 32 countries and territories across North America, the Greater Caribbean, and Europe.
While we acknowledge the potential of SUN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Best Dividend Growth Stocks to Buy Now and 15 Overlooked Dividend Stocks to Buy Right Now
Disclosure: None.
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