Vestcor Inc Acquires New Shares in SunocoCorp LLC $SUNC

Vestcor Inc acquired a new stake in SunocoCorp LLC (NYSE:SUNC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 23,362 shares of the company’s stock, valued at approximately $1,151,000.

Several other large investors have also bought and sold shares of the business. WINTON GROUP Ltd acquired a new stake in SunocoCorp in the fourth quarter valued at about $1,731,000. Ovata Capital Management Ltd acquired a new stake in SunocoCorp in the fourth quarter valued at about $2,572,000. Cibc World Market Inc. acquired a new stake in SunocoCorp in the fourth quarter valued at about $7,774,000. Goldman Sachs Group Inc. acquired a new stake in SunocoCorp in the fourth quarter valued at about $126,936,000. Finally, Norges Bank acquired a new stake in SunocoCorp in the fourth quarter valued at about $74,696,000.

SunocoCorp Stock Performance

Shares of SUNC opened at $66.39 on Tuesday. SunocoCorp LLC has a 1 year low of $47.00 and a 1 year high of $73.24. The company has a quick ratio of 0.92, a current ratio of 1.40 and a debt-to-equity ratio of 1.67. The business’s 50-day moving average is $65.31.

SunocoCorp (NYSE:SUNC) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.47. The company had revenue of $10.69 billion for the quarter, compared to the consensus estimate of $9.56 billion. Sell-side analysts predict that SunocoCorp LLC will post 6.88 EPS for the current fiscal year.

SunocoCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were given a dividend of $0.9899 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Friday, May 8th.

Analysts Set New Price Targets

Several analysts recently weighed in on SUNC shares. Barclays raised their price objective on SunocoCorp from $63.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Wall Street Zen raised SunocoCorp to a “hold” rating in a research note on Saturday, February 28th. Raymond James Financial reissued a “strong-buy” rating and set a $80.00 price target on shares of SunocoCorp in a research note on Wednesday, May 6th. Citigroup lifted their price target on SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Zacks Research lowered SunocoCorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.33.

About SunocoCorp

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