101,045 Shares in SunocoCorp LLC $SUNC Purchased by SummitTX Capital L.P.

SummitTX Capital L.P. purchased a new stake in SunocoCorp LLC (NYSE:SUNC) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 101,045 shares of the company’s stock, valued at approximately $6,229,000.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in SunocoCorp in the 4th quarter worth about $43,000. Waverly Advisors LLC lifted its position in shares of SunocoCorp by 1.4% in the first quarter. Waverly Advisors LLC now owns 95,419 shares of the company’s stock valued at $5,883,000 after acquiring an additional 1,324 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of SunocoCorp in the first quarter worth approximately $112,000. Deutsche Bank AG acquired a new stake in shares of SunocoCorp in the fourth quarter worth approximately $92,000. Finally, State of Wyoming purchased a new stake in shares of SunocoCorp during the first quarter worth approximately $164,000.

SunocoCorp Price Performance

Shares of SunocoCorp stock opened at $75.47 on Tuesday. The firm has a market cap of $3.89 billion and a PE ratio of 35.43. The business’s 50 day moving average is $68.72. SunocoCorp LLC has a 1-year low of $47.00 and a 1-year high of $77.55. 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 (NYSE:SUNC) last posted its quarterly 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 company had revenue of $10.69 billion during the quarter, compared to analysts’ expectations of $9.56 billion. As a group, research analysts expect that SunocoCorp LLC will post 6.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on SUNC. Citigroup increased their price objective on SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $80.00 target price on shares of SunocoCorp in a research note on Wednesday, May 6th. Barclays upped their target price on shares of SunocoCorp from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Zacks Research upgraded shares of SunocoCorp from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Finally, Mizuho assumed coverage on shares of SunocoCorp in a research report on Friday. They issued an “outperform” rating and a $83.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $78.50.

SunocoCorp Profile

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