Dockside LLC purchased a new stake in shares of SunocoCorp LLC (NYSE:SUNC – Free Report) during the fourth quarter, HoldingsChannel reports. The fund purchased 11,812 shares of the company’s stock, valued at approximately $582,000.
A number of other hedge funds also recently bought and sold shares of SUNC. Goldman Sachs Group Inc. purchased a new stake in SunocoCorp during the fourth quarter valued at $126,936,000. Norges Bank purchased a new stake in SunocoCorp during the fourth quarter valued at $74,696,000. Morgan Stanley purchased a new stake in SunocoCorp during the fourth quarter valued at $73,776,000. QV Investors Inc. purchased a new stake in SunocoCorp during the fourth quarter valued at $58,528,000. Finally, UBS Group AG purchased a new stake in SunocoCorp during the fourth quarter valued at $49,908,000.
SunocoCorp Stock Down 0.0%
SUNC stock opened at $66.51 on Monday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 0.92. SunocoCorp LLC has a twelve month low of $47.00 and a twelve month high of $73.24. The company has a market capitalization of $3.43 billion and a PE ratio of 31.23. The company’s fifty day moving average price is $65.64.
SunocoCorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were given a dividend of $0.9899 per share. The ex-dividend date was Friday, May 8th. This represents a $3.96 dividend on an annualized basis and a yield of 6.0%. SunocoCorp’s payout ratio is 185.92%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and set a $80.00 price target on shares of SunocoCorp in a research note on Wednesday, May 6th. Barclays upped their price target on shares of SunocoCorp from $63.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Zacks Research cut shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Wall Street Zen upgraded shares of SunocoCorp to a “hold” rating in a research report on Saturday, February 28th. Finally, Citigroup boosted their price objective on shares of SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 8th. One 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.33.
Get Our Latest Stock Analysis on SunocoCorp
SunocoCorp Profile
Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.
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