Cibc World Market Inc. Purchases Shares of 157,761 SunocoCorp LLC $SUNC

Cibc World Market Inc. purchased a new stake in SunocoCorp LLC (NYSE:SUNC) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 157,761 shares of the company’s stock, valued at approximately $7,774,000.

Other large investors also recently bought and sold shares of the company. Danske Bank A S acquired a new position in SunocoCorp in the fourth quarter valued at approximately $133,000. Northwestern Mutual Wealth Management Co. acquired a new position in SunocoCorp in the fourth quarter valued at approximately $312,000. Gabelli Funds LLC acquired a new position in SunocoCorp in the fourth quarter valued at approximately $320,000. Pictet Asset Management Holding SA acquired a new position in SunocoCorp in the fourth quarter valued at approximately $327,000. Finally, Arizona State Retirement System acquired a new position in SunocoCorp in the fourth quarter valued at approximately $571,000.

SunocoCorp Price Performance

Shares of SUNC stock opened at $66.77 on Friday. The stock’s 50 day simple moving average is $65.24. SunocoCorp LLC has a 1-year low of $47.00 and a 1-year high of $73.24.

SunocoCorp (NYSE:SUNC) last announced its earnings results on Tuesday, May 5th. The company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.47. The business had revenue of $10.69 billion for the quarter, compared to analyst estimates of $9.56 billion. On average, sell-side analysts forecast that SunocoCorp LLC will post 6.88 earnings per share for the current fiscal year.

SunocoCorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were paid a dividend of $0.9899 per share. This represents a $3.96 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Friday, May 8th.

Analysts Set New Price Targets

A number of research analysts have issued reports on SUNC shares. Citigroup boosted their price target on SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a report on Friday, May 8th. Wall Street Zen raised SunocoCorp to a “hold” rating in a report on Saturday, February 28th. 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. Zacks Research downgraded SunocoCorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Finally, Barclays upped their target price on SunocoCorp from $63.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, SunocoCorp currently has an average rating of “Moderate Buy” and a consensus price target of $75.33.

SunocoCorp Profile

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