Brokerages Set SunocoCorp LLC (NYSE:SUNC) Price Target at $81.00

SunocoCorp LLC (NYSE:SUNCGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $81.00.

Several research firms have recently weighed in on SUNC. Weiss Ratings started coverage on shares of SunocoCorp in a research report on Tuesday, August 11th. They issued a “hold (c)” rating for the company. Mizuho assumed coverage on SunocoCorp in a report on Friday, July 24th. They issued an “outperform” rating and a $83.00 price objective for the company. Zacks Research cut SunocoCorp from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Citigroup lifted their price objective on shares of SunocoCorp from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Barclays boosted their target price on shares of SunocoCorp from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th.

Get Our Latest Analysis on SUNC

Institutional Investors Weigh In On SunocoCorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP lifted its position in SunocoCorp by 406.7% in the 2nd quarter. Engineers Gate Manager LP now owns 46,112 shares of the company’s stock valued at $3,120,000 after purchasing an additional 37,011 shares during the last quarter. BTG Pactual Asset Management US LLC bought a new stake in shares of SunocoCorp during the second quarter valued at approximately $2,906,000. Pinnacle Holdings LLC acquired a new position in shares of SunocoCorp during the second quarter worth approximately $4,563,000. Bank of New York Mellon Corp acquired a new position in shares of SunocoCorp during the second quarter worth approximately $12,164,000. Finally, Assenagon Asset Management S.A. bought a new position in SunocoCorp in the 2nd quarter worth approximately $71,502,000.

SunocoCorp Stock Up 1.1%

SUNC stock opened at $81.28 on Friday. 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 50 day simple moving average of $76.64 and a 200-day simple moving average of $68.82. The company has a market capitalization of $4.19 billion and a P/E ratio of 28.12. SunocoCorp has a twelve month low of $47.00 and a twelve month high of $83.50.

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

SunocoCorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Friday, August 7th were given a dividend of $1.0023 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $4.01 dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from SunocoCorp’s previous quarterly dividend of $0.99. SunocoCorp’s payout ratio is currently 138.75%.

SunocoCorp Company Profile

(Get Free Report)

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

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Analyst Recommendations for SunocoCorp (NYSE:SUNC)

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