Shares of SunocoCorp LLC (NYSE:SUNC – Get Free Report) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $81.00.
SUNC has been the subject of several analyst reports. Zacks Research downgraded shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Citigroup raised their price target on SunocoCorp from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Weiss Ratings started coverage on SunocoCorp in a report on Tuesday, August 11th. They set a “hold (c)” rating for the company. Barclays increased their target price on SunocoCorp from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Finally, Mizuho began coverage on shares of SunocoCorp in a research note on Friday, July 24th. They set an “outperform” rating and a $83.00 target price for the company.
Get Our Latest Stock Analysis on SUNC
SunocoCorp Trading Up 3.6%
SunocoCorp (NYSE:SUNC – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.76 EPS for the quarter. The firm had revenue of $14.26 billion for the quarter.
SunocoCorp Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Friday, August 7th were issued a dividend of $1.0023 per share. This represents a $4.01 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Friday, August 7th. This is a positive change from SunocoCorp’s previous quarterly dividend of $0.9899. SunocoCorp’s dividend payout ratio (DPR) is 138.75%.
Institutional Investors Weigh In On SunocoCorp
Several large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. bought a new position in shares of SunocoCorp during the 4th quarter worth $126,936,000. Engine Capital Management LP bought a new stake in shares of SunocoCorp in the fourth quarter valued at about $67,976,000. Assenagon Asset Management S.A. bought a new stake in shares of SunocoCorp in the second quarter valued at about $71,502,000. Clearbridge Investments LLC purchased a new stake in SunocoCorp in the fourth quarter worth about $35,318,000. Finally, Aventail Capital Group LP purchased a new stake in SunocoCorp in the fourth quarter worth about $31,628,000.
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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