Energy Income Partners LLC bought a new stake in shares of SunocoCorp LLC (NYSE:SUNC – Free Report) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 206,677 shares of the company’s stock, valued at approximately $12,742,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new stake in shares of SunocoCorp in the 4th quarter worth approximately $126,936,000. Millennium Management LLC bought a new stake in SunocoCorp during the fourth quarter worth approximately $76,886,000. Norges Bank bought a new stake in SunocoCorp during the fourth quarter worth approximately $74,696,000. Morgan Stanley acquired a new stake in SunocoCorp in the fourth quarter worth approximately $73,776,000. Finally, Engine Capital Management LP acquired a new stake in SunocoCorp in the fourth quarter worth approximately $67,976,000.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Barclays increased their price target on SunocoCorp from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Mizuho assumed coverage on SunocoCorp in a report on Friday. They issued an “outperform” rating and a $83.00 price objective for the company. Zacks Research raised SunocoCorp from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Citigroup lifted 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, 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. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $78.50.
SunocoCorp Price Performance
SUNC stock opened at $75.47 on Tuesday. The firm has a market capitalization of $3.89 billion and a price-to-earnings ratio of 35.43. SunocoCorp LLC has a 12 month low of $47.00 and a 12 month high of $77.55. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. The company’s 50 day simple moving average is $68.72.
SunocoCorp (NYSE:SUNC – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.47. The business had revenue of $10.69 billion during the quarter, compared to analyst estimates of $9.56 billion. As a group, sell-side analysts expect that SunocoCorp LLC will post 6.88 earnings per share for the current year.
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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