Y Intercept Hong Kong Ltd bought a new stake in shares of SunocoCorp LLC (NYSE:SUNC – Free Report) during the 1st quarter, HoldingsChannel reports. The firm bought 101,685 shares of the company’s stock, valued at approximately $6,269,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new position in shares of SunocoCorp in the 4th quarter valued at about $126,936,000. Millennium Management LLC acquired a new stake in shares of SunocoCorp during the fourth quarter worth approximately $76,886,000. Norges Bank acquired a new stake in shares of SunocoCorp during the fourth quarter worth approximately $74,696,000. Morgan Stanley purchased a new position in SunocoCorp during the fourth quarter valued at approximately $73,776,000. Finally, Engine Capital Management LP purchased a new position in SunocoCorp during the fourth quarter valued at approximately $67,976,000.
Wall Street Analyst Weigh In
Several research firms have weighed in on SUNC. Zacks Research upgraded shares of SunocoCorp from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Barclays lifted their target price 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. Citigroup upped their price target 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. Finally, 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. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, SunocoCorp has a consensus rating of “Buy” and a consensus price target of $75.33.
SunocoCorp Price Performance
Shares of SunocoCorp stock opened at $68.69 on Friday. The firm has a market cap of $3.54 billion and a price-to-earnings ratio of 32.25. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. SunocoCorp LLC has a 52-week low of $47.00 and a 52-week high of $73.24. The firm’s 50-day moving average price is $66.84.
SunocoCorp (NYSE:SUNC – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.66 by $0.47. The firm had revenue of $10.69 billion during the quarter, compared to the consensus estimate of $9.56 billion. As a group, equities research analysts predict that SunocoCorp LLC will post 6.88 earnings per share for the current year.
SunocoCorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were given a $0.9899 dividend. This represents a $3.96 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Friday, May 8th. SunocoCorp’s payout ratio is currently 185.92%.
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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