SunocoCorp LLC (NYSE:SUNC – Get 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
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:SUNC – Get 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
Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.
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