SunocoCorp LLC (NYSE:SUNC) Announces Dividend Increase – $1.00 Per Share

SunocoCorp LLC (NYSE:SUNCGet Free Report) announced a quarterly dividend on Monday, July 27th. Investors of record on Friday, August 7th will be paid a dividend of 1.0023 per share on Wednesday, August 19th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, August 7th. This is a 1.3% increase from SunocoCorp’s previous quarterly dividend of $0.99.

SunocoCorp Trading Down 1.1%

SUNC opened at $75.47 on Tuesday. SunocoCorp has a 12 month low of $47.00 and a 12 month high of $77.55. The company has a market cap of $3.89 billion and a P/E ratio of 35.43. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 1.40. The business has a 50 day simple moving average of $68.72.

SunocoCorp (NYSE:SUNCGet Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.47. The business had revenue of $10.69 billion for the quarter, compared to the consensus estimate of $9.56 billion. Research analysts forecast that SunocoCorp will post 6.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SUNC shares. Citigroup lifted their price target on SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Zacks Research cut SunocoCorp from a “hold” rating to a “strong sell” rating in a report on Friday. Mizuho started coverage on SunocoCorp in a research note on Friday. They issued an “outperform” rating and a $83.00 target price for the company. Barclays lifted their target price on SunocoCorp from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $80.00 price target on shares of SunocoCorp in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

Get Our Latest Stock Analysis on SUNC

SunocoCorp Company Profile

(Get Free Report)

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

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