iA Global Asset Management Inc. acquired a new stake in shares of SunocoCorp LLC (NYSE:SUNC – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 610,881 shares of the company’s stock, valued at approximately $30,104,000. iA Global Asset Management Inc. owned about 0.30% of SunocoCorp at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Danske Bank A S purchased a new stake in shares of SunocoCorp during the 4th quarter valued at $133,000. Pictet Asset Management Holding SA purchased a new stake in shares of SunocoCorp during the 4th quarter valued at $327,000. Arizona State Retirement System purchased a new stake in shares of SunocoCorp during the 4th quarter valued at $571,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of SunocoCorp during the 4th quarter valued at $606,000. Finally, Carlson Capital L.P. purchased a new stake in shares of SunocoCorp during the 4th quarter valued at $739,000.
Analyst Ratings Changes
Several analysts have recently commented on the company. Wall Street Zen upgraded SunocoCorp to a “hold” rating in a report on Saturday, February 28th. Raymond James Financial restated a “strong-buy” rating and issued a $80.00 target price on shares of SunocoCorp in a research note on Wednesday, May 6th. Barclays raised their target price on SunocoCorp from $63.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday. Zacks Research lowered SunocoCorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Finally, Citigroup raised their target price on SunocoCorp from $65.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.33.
SunocoCorp Stock Up 1.6%
Shares of SUNC stock opened at $71.44 on Friday. The stock has a fifty day moving average price of $62.80. SunocoCorp LLC has a 1 year low of $47.00 and a 1 year high of $71.71.
SunocoCorp (NYSE:SUNC – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.47. The firm had revenue of $10.69 billion during the quarter, compared to analysts’ expectations of $9.56 billion. Analysts forecast that SunocoCorp LLC will post 6.88 EPS for the current fiscal year.
SunocoCorp Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th will be given a dividend of $0.9899 per share. This represents a $3.96 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Friday, May 8th.
About SunocoCorp
Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.
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