SunocoCorp (NYSE:SUNC) Sets New 52-Week High – Here’s What Happened

SunocoCorp LLC (NYSE:SUNC) reached a new 52-week high during trading on Tuesday . The stock traded as high as $68.19 and last traded at $68.1950, with a volume of 185886 shares trading hands. The stock had previously closed at $66.09.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Citigroup lifted their target price on SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Friday. Zacks Research lowered shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Raymond James Financial restated a “strong-buy” rating and issued a $80.00 target price on shares of SunocoCorp in a report on Wednesday, May 6th. Finally, Wall Street Zen raised SunocoCorp to a “hold” rating in a research note on Saturday, February 28th. One research 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

SunocoCorp Stock Up 3.1%

The company has a 50-day simple moving average of $61.94.

SunocoCorp (NYSE:SUNC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.47. The company had revenue of $10.69 billion during the quarter, compared to the consensus estimate of $9.56 billion. Equities analysts expect that SunocoCorp LLC will post 6.88 EPS for the current fiscal year.

SunocoCorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th will be paid a dividend of $0.9899 per share. This represents a $3.96 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, May 8th.

Institutional Investors Weigh In On SunocoCorp

Institutional investors and hedge funds have recently bought and sold shares of the company. QV Investors Inc. bought a new position in shares of SunocoCorp during the 4th quarter worth $58,528,000. TD Waterhouse Canada Inc. purchased a new stake in SunocoCorp in the fourth quarter worth about $949,000. UBS Group AG purchased a new stake in shares of SunocoCorp in the 4th quarter worth approximately $49,908,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in SunocoCorp during the 4th quarter valued at $606,000. Finally, Carlson Capital L.P. bought a new stake in SunocoCorp during the 4th quarter valued at $739,000.

SunocoCorp Company Profile

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