K2 Principal Fund L.P. bought a new stake in shares of SunocoCorp LLC (NYSE:SUNC – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 105,090 shares of the company’s stock, valued at approximately $5,179,000. K2 Principal Fund L.P. owned about 0.05% of SunocoCorp at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. Goldman Sachs Group Inc. bought a new stake in SunocoCorp during the fourth quarter valued at approximately $126,936,000. Norges Bank bought a new stake in SunocoCorp during the fourth quarter valued at approximately $74,696,000. Morgan Stanley bought a new stake in SunocoCorp during the fourth quarter valued at approximately $73,776,000. QV Investors Inc. bought a new stake in SunocoCorp during the fourth quarter valued at approximately $58,528,000. Finally, UBS Group AG bought a new stake in SunocoCorp during the fourth quarter valued at approximately $49,908,000.
SunocoCorp Stock Up 1.2%
NYSE:SUNC opened at $66.51 on Friday. The firm’s fifty day moving average price is $65.64. SunocoCorp LLC has a 52 week low of $47.00 and a 52 week high of $73.24. The company has a quick ratio of 0.92, a current ratio of 1.40 and a debt-to-equity ratio of 1.67. The company has a market cap of $3.43 billion and a price-to-earnings ratio of 31.23.
SunocoCorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were given a dividend of $0.9899 per share. This represents a $3.96 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Friday, May 8th. SunocoCorp’s payout ratio is presently 185.92%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on SUNC shares. Raymond James Financial restated a “strong-buy” rating and issued a $80.00 price objective on shares of SunocoCorp in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of SunocoCorp to a “hold” rating in a report on Saturday, February 28th. Barclays boosted their price objective on shares of SunocoCorp from $63.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Citigroup boosted their price objective on shares of SunocoCorp from $65.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Zacks Research lowered shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.33.
View Our Latest Research Report on SunocoCorp
SunocoCorp Company Profile
Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.
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