SunocoCorp (TXSE:SUNC) Director Buys $94,125.00 in Stock

SunocoCorp LLC (TXSE:SUNC) Director David Skidmore bought 1,500 shares of the firm’s stock in a transaction on Friday, November 6th. The shares were purchased at an average cost of $62.75 per share, with a total value of $94,125.00. Following the transaction, the director directly owned 1,500 shares in the company, valued at approximately $94,125. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

SunocoCorp Stock Up 0.3%

SunocoCorp stock opened at $65.46 on Friday. The firm has a market cap of $3.37 billion and a price-to-earnings ratio of 14.74. SunocoCorp LLC has a 52-week low of $47.00 and a 52-week high of $83.50. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.83 and a current ratio of 1.29. The firm has a 50 day moving average price of $73.74 and a two-hundred day moving average price of $69.35.

SunocoCorp (TXSE:SUNC) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $1.55 EPS for the quarter. The firm had revenue of $18.03 billion during the quarter.

SunocoCorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Friday, November 6th will be issued a $1.0148 dividend. The ex-dividend date is Friday, November 6th. This is a positive change from SunocoCorp’s previous quarterly dividend of $1.0023. This represents a $4.06 annualized dividend and a yield of 6.2%. SunocoCorp’s dividend payout ratio (DPR) is presently 91.22%.

Hedge Funds Weigh In On SunocoCorp

A number of institutional investors and hedge funds have recently made changes to their positions in SUNC. State of Wyoming acquired a new stake in shares of SunocoCorp in the 3rd quarter valued at about $67,000. Fifth Third Bancorp grew its stake in SunocoCorp by 1,498.7% in the third quarter. Fifth Third Bancorp now owns 1,199 shares of the company’s stock valued at $88,000 after acquiring an additional 1,124 shares during the period. Nisa Investment Advisors LLC raised its position in shares of SunocoCorp by 147.1% during the third quarter. Nisa Investment Advisors LLC now owns 1,490 shares of the company’s stock worth $109,000 after purchasing an additional 887 shares during the period. SG Americas Securities LLC bought a new position in shares of SunocoCorp in the 1st quarter worth $112,000. Finally, Lombard Odier Asset Management USA Corp bought a new position in shares of SunocoCorp in the 1st quarter worth $254,000.

Analyst Ratings Changes

A number of brokerages have commented on SUNC. Zacks Research cut shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. Citigroup boosted their price objective on SunocoCorp from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Barclays reissued an “overweight” rating and issued a $83.00 price objective on shares of SunocoCorp in a research note on Thursday, October 15th. Mizuho assumed coverage on SunocoCorp in a research report on Friday, July 24th. They set an “outperform” rating and a $83.00 target price on the stock. Finally, Weiss Ratings started coverage on SunocoCorp in a research note on Tuesday, August 11th. They set a “hold (c)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.75.

About SunocoCorp

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