SunocoCorp LLC $SUNC is QV Investors Inc.’s Largest Position

QV Investors Inc. cut its stake in SunocoCorp LLC (NYSE:SUNC) by 10.2% during the second quarter, HoldingsChannel reports. The firm owned 1,052,334 shares of the company’s stock after selling 119,080 shares during the period. SunocoCorp accounts for about 5.5% of QV Investors Inc.’s holdings, making the stock its largest position. QV Investors Inc.’s holdings in SunocoCorp were worth $71,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in SUNC. Caitong International Asset Management Co. Ltd bought a new stake in SunocoCorp during the 4th quarter valued at about $43,000. Deutsche Bank AG bought a new position in SunocoCorp in the 4th quarter worth about $92,000. SG Americas Securities LLC bought a new position in SunocoCorp in the 1st quarter worth about $112,000. Danske Bank A S purchased a new position in shares of SunocoCorp during the fourth quarter worth approximately $133,000. Finally, State of Wyoming bought a new stake in shares of SunocoCorp during the first quarter valued at approximately $164,000.

SunocoCorp Stock Performance

Shares of SUNC opened at $76.39 on Monday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.29 and a quick ratio of 0.83. The stock has a 50 day simple moving average of $72.79. SunocoCorp LLC has a fifty-two week low of $47.00 and a fifty-two week high of $78.85. The stock has a market cap of $3.94 billion and a PE ratio of 26.43.

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

SunocoCorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th were issued a $1.0023 dividend. The ex-dividend date was Friday, August 7th. This represents a $4.01 dividend on an annualized basis and a dividend yield of 5.2%. This is a boost from SunocoCorp’s previous quarterly dividend of $0.99. SunocoCorp’s dividend payout ratio (DPR) is 138.41%.

Analysts Set New Price Targets

A number of analysts recently issued reports on SUNC shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $80.00 price target on shares of SunocoCorp in a report on Wednesday, May 6th. Zacks Research lowered SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. Weiss Ratings started coverage on SunocoCorp in a report on Tuesday, August 11th. They issued a “hold (c)” rating for the company. Barclays increased their price target on SunocoCorp from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Finally, Mizuho started coverage on SunocoCorp in a research note on Friday, July 24th. They set an “outperform” rating and a $83.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, SunocoCorp has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

SunocoCorp Company Profile

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