SunocoCorp LLC (NYSE:SUNC) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of SunocoCorp LLC (NYSE:SUNC) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $81.00.

Several research firms have recently commented on SUNC. Raymond James Financial reiterated a “strong-buy” rating and set a $80.00 target price on shares of SunocoCorp in a research note on Wednesday, May 6th. Mizuho started coverage on shares of SunocoCorp in a report on Friday, July 24th. They issued an “outperform” rating and a $83.00 price target on the stock. Citigroup increased their price objective on shares of SunocoCorp from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Weiss Ratings assumed coverage on shares of SunocoCorp in a report on Tuesday, August 11th. They set a “hold (c)” rating for the company. Finally, Barclays raised their price objective on shares of SunocoCorp from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th.

Institutional Trading of SunocoCorp

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

SunocoCorp Price Performance

Shares of SunocoCorp stock opened at $75.64 on Tuesday. The firm’s 50-day simple moving average is $70.60. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $3.90 billion and a P/E ratio of 26.17. SunocoCorp has a 1-year low of $47.00 and a 1-year high of $77.57.

SunocoCorp (NYSE:SUNC) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.76 earnings per share (EPS) for the quarter. The business had revenue of $14.26 billion for the quarter.

SunocoCorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th will be given a dividend of $1.0023 per share. The ex-dividend date of this dividend is Friday, August 7th. This is a positive change from SunocoCorp’s previous quarterly dividend of $0.99. This represents a $4.01 annualized dividend and a dividend yield of 5.3%. SunocoCorp’s dividend payout ratio is 138.75%.

SunocoCorp Company Profile

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