SunocoCorp LLC (SUNC) – What Are Analysts Saying About This Stock?

SunocoCorp LLC (TXSE:SUNC) has earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $81.75.

SUNC has been the subject of a number of research reports. Weiss Ratings assumed coverage on shares of SunocoCorp in a report on Tuesday, August 11th. They issued a “hold (c)” rating for the company. Citigroup boosted their target price on shares of SunocoCorp from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Zacks Research cut shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. Mizuho assumed coverage on shares of SunocoCorp in a research note on Friday, July 24th. They set an “outperform” rating and a $83.00 price target for the company. Finally, Barclays reaffirmed an “overweight” rating and set a $83.00 price target on shares of SunocoCorp in a research note on Thursday, October 15th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its stake in shares of SunocoCorp by 147.1% in the third quarter. Nisa Investment Advisors LLC now owns 1,490 shares of the company’s stock worth $109,000 after acquiring an additional 887 shares during the period. State of Wyoming bought a new stake in SunocoCorp in the third quarter valued at approximately $67,000. Walnut Private Equity Partners LLC increased its position in SunocoCorp by 11.8% during the 2nd quarter. Walnut Private Equity Partners LLC now owns 9,500 shares of the company’s stock valued at $643,000 after purchasing an additional 1,000 shares during the period. Fifth Third Bancorp increased its position in SunocoCorp by 1,498.7% during the 3rd quarter. Fifth Third Bancorp now owns 1,199 shares of the company’s stock valued at $88,000 after purchasing an additional 1,124 shares during the period. Finally, Waverly Advisors LLC increased its position in SunocoCorp by 1.4% during the 1st quarter. Waverly Advisors LLC now owns 95,419 shares of the company’s stock valued at $5,883,000 after purchasing an additional 1,324 shares during the period.

SunocoCorp Price Performance

The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $3.14 billion and a P/E ratio of 21.09. SunocoCorp has a 12-month low of $47.00 and a 12-month high of $83.50. The stock’s fifty day simple moving average is $74.87 and its 200 day simple moving average is $69.48.

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

SunocoCorp Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 6.7%. SunocoCorp’s dividend payout ratio (DPR) is currently 140.14%.

About SunocoCorp

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