Truist Financial Corp Acquires Shares of 40,669 SunocoCorp LLC $SUNC

Truist Financial Corp acquired a new stake in shares of SunocoCorp LLC (NYSE:SUNC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 40,669 shares of the company’s stock, valued at approximately $2,004,000.

A number of other hedge funds have also recently bought and sold shares of SUNC. QV Investors Inc. acquired a new stake in SunocoCorp during the 4th quarter valued at approximately $58,528,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in SunocoCorp during the 4th quarter valued at approximately $606,000. TD Waterhouse Canada Inc. acquired a new stake in SunocoCorp during the 4th quarter valued at approximately $949,000. Arizona State Retirement System bought a new position in SunocoCorp during the 4th quarter worth approximately $571,000. Finally, UBS Group AG bought a new position in SunocoCorp during the 4th quarter worth approximately $49,908,000.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Zacks Research downgraded SunocoCorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $80.00 target price on shares of SunocoCorp in a report on Wednesday, May 6th. Citigroup increased their target price on SunocoCorp from $65.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Wall Street Zen raised SunocoCorp to a “hold” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.00.

SunocoCorp Stock Performance

NYSE:SUNC opened at $70.07 on Thursday. The business’s 50 day moving average price is $62.33. SunocoCorp LLC has a 52 week low of $47.00 and a 52 week high of $70.14.

SunocoCorp (NYSE:SUNC) last released its earnings results on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.47. The firm had revenue of $10.69 billion for the quarter, compared to the consensus estimate of $9.56 billion. On average, research analysts forecast that SunocoCorp LLC will post 6.88 earnings per share for the current fiscal year.

SunocoCorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Friday, May 8th will be issued a $0.9899 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.96 annualized dividend and a dividend yield of 5.7%.

About SunocoCorp

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