TD Waterhouse Canada Inc. Has $1.44 Million Holdings in SunocoCorp LLC $SUNC

TD Waterhouse Canada Inc. lessened its holdings in SunocoCorp LLC (NYSE:SUNC) by 23.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,217 shares of the company’s stock after selling 6,597 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in SunocoCorp were worth $1,442,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new stake in SunocoCorp during the 4th quarter worth about $43,000. Deutsche Bank AG bought a new position in shares of SunocoCorp in the 4th quarter valued at about $92,000. SG Americas Securities LLC bought a new position in shares of SunocoCorp in the 1st quarter valued at about $112,000. State of Wyoming acquired a new stake in shares of SunocoCorp in the first quarter valued at about $164,000. Finally, Lombard Odier Asset Management USA Corp acquired a new stake in shares of SunocoCorp in the first quarter valued at about $254,000.

SunocoCorp Trading Up 2.7%

SunocoCorp stock opened at $81.72 on Wednesday. The firm has a market capitalization of $4.21 billion and a P/E ratio of 28.28. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 1.60. SunocoCorp LLC has a 12 month low of $47.00 and a 12 month high of $82.05. The company has a 50 day moving average price of $74.68.

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 for the quarter.

SunocoCorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Friday, August 7th were paid a $1.0023 dividend. This represents a $4.01 annualized dividend and a dividend yield of 4.9%. This is a boost from SunocoCorp’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, August 7th. SunocoCorp’s dividend payout ratio is currently 138.41%.

Analyst Ratings Changes

Several brokerages recently commented on SUNC. Mizuho initiated coverage on SunocoCorp in a research 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 research report on Friday, July 24th. Barclays upped their price objective on SunocoCorp from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Weiss Ratings began coverage on SunocoCorp in a report on Tuesday, August 11th. They issued a “hold (c)” rating for the company. Finally, Citigroup raised their target price on shares of SunocoCorp from $73.00 to $81.00 and gave the company 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 given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

SunocoCorp Company Profile

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