Carlson Capital L.P. Invests $739,000 in SunocoCorp LLC $SUNC

Carlson Capital L.P. purchased a new stake in SunocoCorp LLC (NYSE:SUNC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,000 shares of the company’s stock, valued at approximately $739,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. QV Investors Inc. acquired a new stake in shares of SunocoCorp during the 4th quarter worth approximately $58,528,000. UBS Group AG acquired a new stake in SunocoCorp during the fourth quarter valued at approximately $49,908,000. Truist Financial Corp acquired a new stake in SunocoCorp during the fourth quarter valued at approximately $2,004,000. TD Waterhouse Canada Inc. bought a new stake in shares of SunocoCorp in the 4th quarter valued at approximately $949,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of SunocoCorp in the 4th quarter valued at approximately $606,000.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SUNC. Citigroup lifted their price objective on SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a report on Friday. Wall Street Zen raised shares of SunocoCorp to a “hold” rating in a report on Saturday, February 28th. Zacks Research cut shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $80.00 price target on shares of SunocoCorp in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.00.

SunocoCorp Price Performance

SUNC stock opened at $65.76 on Friday. The stock has a 50 day moving average of $61.71. SunocoCorp LLC has a fifty-two week low of $47.00 and a fifty-two week high of $68.19.

SunocoCorp (NYSE:SUNC) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.47. The firm had revenue of $10.69 billion during the quarter, compared to the consensus estimate of $9.56 billion. As a group, sell-side analysts forecast that SunocoCorp LLC will post 6.88 EPS for the current fiscal year.

SunocoCorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th will be paid a dividend of $0.9899 per share. This represents a $3.96 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, May 8th.

SunocoCorp Profile

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