Y Intercept Hong Kong Ltd Purchases Shares of 101,685 SunocoCorp LLC $SUNC

Y Intercept Hong Kong Ltd purchased a new stake in shares of SunocoCorp LLC (NYSE:SUNC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 101,685 shares of the company’s stock, valued at approximately $6,269,000. Y Intercept Hong Kong Ltd owned 0.20% of SunocoCorp as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SUNC. Goldman Sachs Group Inc. acquired a new stake in shares of SunocoCorp in the fourth quarter valued at $126,936,000. Millennium Management LLC acquired a new position in SunocoCorp during the fourth quarter worth about $76,886,000. Norges Bank bought a new stake in SunocoCorp in the fourth quarter worth about $74,696,000. Morgan Stanley bought a new stake in SunocoCorp in the fourth quarter worth about $73,776,000. Finally, Engine Capital Management LP acquired a new stake in SunocoCorp in the 4th quarter valued at about $67,976,000.

SunocoCorp Price Performance

SunocoCorp stock opened at $68.69 on Friday. SunocoCorp LLC has a fifty-two week low of $47.00 and a fifty-two week high of $73.24. The stock has a 50 day moving average price of $66.84. 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 stock has a market capitalization of $3.54 billion and a P/E ratio of 32.25.

SunocoCorp (NYSE:SUNC) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.66 by $0.47. The firm had revenue of $10.69 billion during the quarter, compared to analysts’ expectations of $9.56 billion. On average, analysts expect that SunocoCorp LLC will post 6.88 EPS 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 issued a $0.9899 dividend. The ex-dividend date was Friday, May 8th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 5.8%. SunocoCorp’s dividend payout ratio is presently 185.92%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SUNC shares. Raymond James Financial restated a “strong-buy” rating and set a $80.00 price objective on shares of SunocoCorp in a research report on Wednesday, May 6th. Citigroup boosted their target price on shares of SunocoCorp from $65.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Zacks Research raised shares of SunocoCorp from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Finally, Barclays raised their target price on shares of SunocoCorp from $63.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, SunocoCorp has a consensus rating of “Buy” and a consensus target price of $75.33.

SunocoCorp Company Profile

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