Entropy Technologies LP Takes $840,000 Position in SunocoCorp LLC $SUNC

Entropy Technologies LP bought a new stake in shares of SunocoCorp LLC (NYSE:SUNC) during the 1st quarter, HoldingsChannel.com reports. The fund bought 13,631 shares of the company’s stock, valued at approximately $840,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in SunocoCorp in the 4th quarter worth $43,000. SG Americas Securities LLC purchased a new stake in SunocoCorp during the first quarter valued at about $112,000. Deutsche Bank AG purchased a new stake in SunocoCorp during the fourth quarter valued at about $92,000. State of Wyoming bought a new position in shares of SunocoCorp during the first quarter valued at about $164,000. Finally, Danske Bank A S bought a new position in shares of SunocoCorp during the fourth quarter valued at about $133,000.

Analyst Ratings Changes

Several research analysts have recently commented on SUNC shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $80.00 price objective on shares of SunocoCorp in a report on Wednesday, May 6th. Zacks Research cut SunocoCorp from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. Citigroup raised their price target on SunocoCorp from $65.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Barclays lifted their price target on SunocoCorp from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, Mizuho began coverage on SunocoCorp in a research report on Friday. They issued an “outperform” rating and a $83.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.50.

SunocoCorp Price Performance

NYSE:SUNC opened at $76.19 on Wednesday. SunocoCorp LLC has a 1-year low of $47.00 and a 1-year high of $77.55. The stock has a 50-day simple moving average of $68.79. The stock has a market cap of $3.93 billion and a P/E ratio of 35.77. 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 (NYSE:SUNC) last released its earnings results on Tuesday, May 5th. The company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.47. The business had revenue of $10.69 billion for the quarter, compared to analysts’ expectations of $9.56 billion. Equities analysts anticipate that SunocoCorp LLC will post 6.88 EPS for the current fiscal year.

SunocoCorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th will be paid a dividend of $1.0023 per share. The ex-dividend date is Friday, August 7th. This is a positive change from SunocoCorp’s previous quarterly dividend of $0.99. This represents a $4.01 dividend on an annualized basis and a yield of 5.3%. SunocoCorp’s dividend payout ratio (DPR) is presently 185.92%.

SunocoCorp Company Profile

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