SunocoCorp (NYSE:SUNC) Sets New 1-Year High – Here’s What Happened

SunocoCorp LLC (NYSE:SUNCGet Free Report) reached a new 52-week high on Tuesday . The company traded as high as $73.35 and last traded at $73.39, with a volume of 233006 shares trading hands. The stock had previously closed at $71.07.

Analysts Set New Price Targets

A number of research firms have commented on SUNC. Zacks Research upgraded SunocoCorp from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Citigroup raised their price target on SunocoCorp from $65.00 to $73.00 and gave the stock a “buy” rating in a research 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. Finally, Barclays upped their price target on shares of SunocoCorp from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $77.00.

Get Our Latest Analysis on SunocoCorp

SunocoCorp Stock Performance

The firm has a market cap of $3.78 billion and a price-to-earnings ratio of 34.46. The business’s fifty day moving average is $67.49. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67.

SunocoCorp (NYSE:SUNCGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $2.13 earnings per share for the quarter, topping 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. Analysts predict that SunocoCorp LLC will post 6.88 EPS for the current fiscal year.

SunocoCorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders 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 5.4%. The ex-dividend date of this dividend was Friday, May 8th. SunocoCorp’s dividend payout ratio is currently 185.92%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of SunocoCorp during the 4th quarter valued at $43,000. Deutsche Bank AG purchased a new stake in SunocoCorp in the 4th quarter valued at $92,000. SG Americas Securities LLC purchased a new stake in shares of SunocoCorp in the first quarter valued at about $112,000. Danske Bank A S bought a new position in shares of SunocoCorp during the 4th quarter worth approximately $133,000. Finally, State of Wyoming purchased a new position in SunocoCorp in the first quarter worth $164,000.

SunocoCorp Company Profile

(Get Free Report)

Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.

Further Reading

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