370,667 SunocoCorp LLC $SUNC Shares Purchased by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY boosted its position in SunocoCorp LLC (NYSE:SUNC) by 152.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 613,791 shares of the company’s stock after buying an additional 370,667 shares during the period. Miller Howard Investments Inc. NY owned approximately 1.19% of SunocoCorp worth $44,893,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SUNC. Assenagon Asset Management S.A. raised its position in SunocoCorp by 0.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,063,315 shares of the company’s stock worth $77,771,000 after buying an additional 6,690 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of SunocoCorp by 3,139.1% in the first quarter. Janus Henderson Group PLC now owns 583,031 shares of the company’s stock valued at $35,931,000 after acquiring an additional 565,031 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of SunocoCorp in the first quarter valued at about $30,301,000. Energy Income Partners LLC acquired a new position in shares of SunocoCorp during the first quarter worth about $12,742,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of SunocoCorp during the first quarter worth about $12,330,000.

SunocoCorp Trading Up 0.4%

Shares of NYSE:SUNC opened at $74.15 on Tuesday. The business’s 50 day simple moving average is $76.41 and its 200-day simple moving average is $69.51. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.29 and a quick ratio of 0.83. SunocoCorp LLC has a 12 month low of $47.00 and a 12 month high of $83.50.

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

SunocoCorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Friday, November 6th will be given a dividend of $1.0148 per share. 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 dividend on an annualized basis and a yield of 5.5%. SunocoCorp’s dividend payout ratio (DPR) is presently 138.75%.

Analyst Upgrades and Downgrades

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

About SunocoCorp

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