SunocoCorp (TXSE:SUNC) Director Purchases 1,500 Shares of Stock

SunocoCorp LLC (TXSE:SUNC) Director David Skidmore acquired 1,500 shares of SunocoCorp stock in a transaction dated Friday, November 6th. The shares were acquired at an average price of $62.75 per share, with a total value of $94,125.00. Following the completion of the purchase, the director owned 1,500 shares in the company, valued at approximately $94,125. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

SunocoCorp Stock Performance

Shares of TXSE:SUNC traded up $1.95 on Tuesday, hitting $63.00. The company had a trading volume of 299,610 shares, compared to its average volume of 501,395. The stock has a market cap of $3.25 billion and a price-to-earnings ratio of 21.80. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 1.60. SunocoCorp LLC has a 1-year low of $47.00 and a 1-year high of $83.50. The stock has a 50 day moving average price of $74.56 and a 200 day moving average price of $69.43.

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

SunocoCorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors 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 represents a $4.06 dividend on an annualized basis and a yield of 6.4%. This is an increase from SunocoCorp’s previous quarterly dividend of $1.0023. SunocoCorp’s dividend payout ratio is presently 140.14%.

Hedge Funds Weigh In On SunocoCorp

A number of institutional investors have recently modified their holdings of SUNC. Engineers Gate Manager LP boosted its position in shares of SunocoCorp by 406.7% during the second quarter. Engineers Gate Manager LP now owns 46,112 shares of the company’s stock valued at $3,120,000 after buying an additional 37,011 shares during the last quarter. Energy Income Partners LLC bought a new stake in SunocoCorp during the first quarter worth $12,742,000. BTG Pactual Asset Management US LLC purchased a new stake in SunocoCorp in the 2nd quarter valued at $2,906,000. Bank of New York Mellon Corp purchased a new stake in SunocoCorp in the 2nd quarter valued at $12,164,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in SunocoCorp in the 3rd quarter valued at $948,000.

Analyst Ratings Changes

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

SunocoCorp Company Profile

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