Shares of SunocoCorp LLC (NYSE:SUNC – Get Free Report) reached a new 52-week high on Monday . The company traded as high as $71.81 and last traded at $71.55, with a volume of 70866 shares trading hands. The stock had previously closed at $71.40.
Analyst Ratings Changes
SUNC has been the subject of several analyst reports. Raymond James Financial restated a “strong-buy” rating and issued a $80.00 target price on shares of SunocoCorp in a report on Wednesday, May 6th. Zacks Research lowered shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Citigroup raised their price objective on shares of SunocoCorp from $65.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Wall Street Zen upgraded SunocoCorp to a “hold” rating in a research report on Saturday, February 28th. Finally, Barclays upped their target price on SunocoCorp from $63.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.33.
View Our Latest Report on SunocoCorp
SunocoCorp Trading Down 0.4%
SunocoCorp (NYSE:SUNC – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.47. The company had revenue of $10.69 billion during the quarter, compared to the consensus estimate of $9.56 billion. On average, equities analysts expect that SunocoCorp LLC will post 6.88 earnings per share for the current year.
SunocoCorp Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Friday, May 8th will be issued a $0.9899 dividend. The ex-dividend date is Friday, May 8th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 5.6%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of SunocoCorp in the 4th quarter worth $43,000. SG Americas Securities LLC purchased a new position in SunocoCorp during the first quarter valued at approximately $112,000. Deutsche Bank AG purchased a new stake in SunocoCorp during the fourth quarter worth $92,000. State of Wyoming purchased a new stake in SunocoCorp during the first quarter worth $164,000. Finally, Danske Bank A S bought a new stake in SunocoCorp during the 4th quarter valued at $133,000.
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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