Virtu Financial LLC Invests $991,000 in SunocoCorp LLC $SUNC

Virtu Financial LLC acquired a new stake in shares of SunocoCorp LLC (NYSE:SUNCFree Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,117 shares of the company’s stock, valued at approximately $991,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. QV Investors Inc. purchased a new stake in shares of SunocoCorp in the fourth quarter valued at $58,528,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of SunocoCorp during the fourth quarter valued at $606,000. TD Waterhouse Canada Inc. purchased a new position in shares of SunocoCorp during the fourth quarter valued at $949,000. Arizona State Retirement System acquired a new position in SunocoCorp during the fourth quarter valued at $571,000. Finally, UBS Group AG acquired a new position in SunocoCorp during the fourth quarter valued at $49,908,000.

Analyst Ratings Changes

SUNC has been the subject of a number of research analyst reports. Zacks Research downgraded shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Citigroup boosted their price target on shares of SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a 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. Wall Street Zen upgraded SunocoCorp to a “hold” rating in a report on Saturday, February 28th. Finally, Barclays lifted their price objective on SunocoCorp from $63.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.33.

Check Out Our Latest Stock Report on SUNC

SunocoCorp Stock Performance

SunocoCorp stock opened at $62.81 on Monday. The company has a quick ratio of 0.92, a current ratio of 1.40 and a debt-to-equity ratio of 1.67. The business has a 50-day simple moving average of $65.87. The company has a market capitalization of $3.24 billion and a price-to-earnings ratio of 29.49. SunocoCorp LLC has a 52 week low of $47.00 and a 52 week high of $73.24.

SunocoCorp (NYSE:SUNCGet Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $2.13 earnings per share for the quarter, beating 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. Research analysts forecast that SunocoCorp LLC will post 6.88 earnings per share for the current year.

SunocoCorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors 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 6.3%. The ex-dividend date was Friday, May 8th. SunocoCorp’s dividend payout ratio is presently 185.92%.

About SunocoCorp

(Free Report)

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

Further Reading

Institutional Ownership by Quarter for SunocoCorp (NYSE:SUNC)

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