SunocoCorp (NYSE:SUNC) Reaches New 52-Week High – What’s Next?

SunocoCorp LLC (NYSE:SUNCGet Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $61.11 and last traded at $61.1450, with a volume of 332199 shares. The stock had previously closed at $60.23.

Analyst Ratings Changes

SUNC has been the topic of a number of research analyst reports. Zacks Research downgraded SunocoCorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Wall Street Zen raised shares of SunocoCorp to a “hold” rating in a research report on Saturday, February 28th. Barclays reissued an “overweight” rating and set a $57.00 price objective on shares of SunocoCorp in a research note on Monday, November 17th. Finally, Raymond James Financial raised shares of SunocoCorp from an “outperform” rating to a “strong-buy” rating and set a $70.00 target price for the company in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Check Out Our Latest Stock Analysis on SunocoCorp

SunocoCorp Trading Up 1.5%

Institutional Investors Weigh In On SunocoCorp

A number of institutional investors have recently made changes to their positions in SUNC. WINTON GROUP Ltd bought a new stake in shares of SunocoCorp during the fourth quarter valued at approximately $1,731,000. Norges Bank purchased a new stake in SunocoCorp during the 4th quarter valued at $74,696,000. Cibc World Market Inc. purchased a new stake in SunocoCorp during the 4th quarter valued at $7,774,000. Ovata Capital Management Ltd bought a new stake in shares of SunocoCorp in the 4th quarter worth $2,572,000. Finally, MMCAP International Inc. SPC bought a new stake in shares of SunocoCorp in the 4th quarter worth $1,121,000.

About SunocoCorp

(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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