Virtu Financial LLC acquired a new stake in shares of SunocoCorp LLC (NYSE:SUNC – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,117 shares of the company’s stock, valued at approximately $991,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. QV Investors Inc. purchased a new stake in shares of SunocoCorp in the fourth quarter valued at $58,528,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of SunocoCorp during the fourth quarter valued at $606,000. TD Waterhouse Canada Inc. purchased a new position in shares of SunocoCorp during the fourth quarter valued at $949,000. Arizona State Retirement System acquired a new position in SunocoCorp during the fourth quarter valued at $571,000. Finally, UBS Group AG acquired a new position in SunocoCorp during the fourth quarter valued at $49,908,000.
Analyst Ratings Changes
SUNC has been the subject of a number of research analyst reports. Zacks Research downgraded shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Citigroup boosted their price target on shares of SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a report on Friday, May 8th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $80.00 price target on shares of SunocoCorp in a research note on Wednesday, May 6th. Wall Street Zen upgraded SunocoCorp to a “hold” rating in a report on Saturday, February 28th. Finally, Barclays lifted their price objective on SunocoCorp from $63.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. One 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.33.
SunocoCorp Stock Performance
SunocoCorp stock opened at $62.81 on Monday. 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 business has a 50-day simple moving average of $65.87. The company has a market capitalization of $3.24 billion and a price-to-earnings ratio of 29.49. SunocoCorp LLC has a 52 week low of $47.00 and a 52 week high of $73.24.
SunocoCorp (NYSE:SUNC – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.47. The business had revenue of $10.69 billion during the quarter, compared to the consensus estimate of $9.56 billion. Research analysts forecast that SunocoCorp LLC will post 6.88 earnings per share for the current year.
SunocoCorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were paid a $0.9899 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Friday, May 8th. SunocoCorp’s dividend payout ratio is presently 185.92%.
About SunocoCorp
Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.
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