52,200 Shares in SunocoCorp LLC $SUNC Bought by Ovata Capital Management Ltd

Ovata Capital Management Ltd acquired a new position in shares of SunocoCorp LLC (NYSE:SUNC) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 52,200 shares of the company’s stock, valued at approximately $2,572,000. Ovata Capital Management Ltd owned approximately 0.10% of SunocoCorp as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of SunocoCorp during the fourth quarter worth about $43,000. Deutsche Bank AG acquired a new stake in shares of SunocoCorp in the 4th quarter valued at about $92,000. Danske Bank A S acquired a new stake in shares of SunocoCorp in the 4th quarter valued at about $133,000. Commonwealth Equity Services LLC purchased a new position in SunocoCorp during the 4th quarter worth approximately $272,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in SunocoCorp during the 4th quarter worth approximately $312,000.

SunocoCorp Trading Down 0.4%

Shares of SunocoCorp stock opened at $62.81 on Friday. The firm has a 50-day moving average of $65.87. SunocoCorp LLC has a 12-month low of $47.00 and a 12-month high of $73.24. 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 $3.24 billion and a PE ratio of 29.49.

SunocoCorp (NYSE:SUNC) last posted its earnings results on Tuesday, May 5th. The company reported $2.13 earnings per share 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 analyst estimates of $9.56 billion. On average, sell-side analysts forecast that SunocoCorp LLC will post 6.88 EPS for the current fiscal year.

SunocoCorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were paid a $0.9899 dividend. This represents a $3.96 annualized dividend and a yield of 6.3%. The ex-dividend date was Friday, May 8th. SunocoCorp’s dividend payout ratio is presently 185.92%.

Analysts Set New Price Targets

A number of research analysts have commented on SUNC shares. Zacks Research lowered shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Wall Street Zen upgraded shares of SunocoCorp to a “hold” rating in a research note on Saturday, February 28th. Raymond James Financial reissued a “strong-buy” rating and set a $80.00 price target on shares of SunocoCorp in a report on Wednesday, May 6th. Citigroup boosted their price target on SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Barclays upped their price objective on SunocoCorp from $63.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $75.33.

SunocoCorp Company Profile

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