Claret Asset Management Corp Buys Shares of 200,081 SunocoCorp LLC $SUNC

Claret Asset Management Corp bought a new stake in shares of SunocoCorp LLC (NYSE:SUNC) during the fourth quarter, Holdings Channel.com reports. The fund bought 200,081 shares of the company’s stock, valued at approximately $9,860,000. SunocoCorp comprises 1.1% of Claret Asset Management Corp’s investment portfolio, making the stock its 28th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Danske Bank A S bought a new stake in SunocoCorp during the 4th quarter valued at $133,000. Northwestern Mutual Wealth Management Co. bought a new stake in SunocoCorp during the 4th quarter valued at $312,000. Gabelli Funds LLC bought a new stake in SunocoCorp during the 4th quarter valued at $320,000. Pictet Asset Management Holding SA bought a new stake in SunocoCorp during the 4th quarter valued at $327,000. Finally, Arizona State Retirement System bought a new stake in SunocoCorp during the 4th quarter valued at $571,000.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SUNC shares. Raymond James Financial reissued a “strong-buy” rating and set a $80.00 target price on shares of SunocoCorp in a report on Wednesday, May 6th. Wall Street Zen raised shares of SunocoCorp to a “hold” rating in a report on Saturday, February 28th. Barclays boosted their target price on shares of SunocoCorp from $63.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Zacks Research lowered shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Finally, Citigroup boosted their price target on shares of SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.33.

SunocoCorp Stock Performance

SUNC opened at $66.39 on Tuesday. The firm’s fifty day moving average price is $65.31. The company has a quick ratio of 0.92, a current ratio of 1.40 and a debt-to-equity ratio of 1.67. SunocoCorp LLC has a one year low of $47.00 and a one year high of $73.24.

SunocoCorp (NYSE:SUNC) last released its quarterly earnings results on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.47. The firm had revenue of $10.69 billion for the quarter, compared to analysts’ expectations of $9.56 billion. On average, equities research analysts anticipate that SunocoCorp LLC will post 6.88 EPS for the current fiscal year.

SunocoCorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were given a $0.9899 dividend. The ex-dividend date was Friday, May 8th. This represents a $3.96 annualized dividend and a yield of 6.0%.

About SunocoCorp

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