SIR Capital Management L.P. Makes New $18.93 Million Investment in SunocoCorp LLC $SUNC

SIR Capital Management L.P. acquired a new position in shares of SunocoCorp LLC (NYSE:SUNC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 384,079 shares of the company’s stock, valued at approximately $18,927,000. SunocoCorp makes up approximately 2.1% of SIR Capital Management L.P.’s investment portfolio, making the stock its 15th biggest position. SIR Capital Management L.P. owned approximately 0.19% of SunocoCorp as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Deutsche Bank AG acquired a new position in shares of SunocoCorp in the 4th quarter valued at $92,000. Danske Bank A S acquired a new position in shares of SunocoCorp in the 4th quarter valued at $133,000. Commonwealth Equity Services LLC acquired a new position in shares of SunocoCorp in the 4th quarter valued at $272,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of SunocoCorp in the 4th quarter valued at $312,000. Finally, Gabelli Funds LLC acquired a new position in shares of SunocoCorp in the 4th quarter valued at $320,000.

SunocoCorp Stock Performance

Shares of SUNC opened at $66.51 on Friday. 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 firm has a market cap of $3.43 billion and a PE ratio of 31.23. The firm has a fifty day moving average price of $65.64. SunocoCorp LLC has a 1 year low of $47.00 and a 1 year high of $73.24.

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

SunocoCorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were paid a $0.9899 dividend. This represents a $3.96 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Friday, May 8th. SunocoCorp’s payout ratio is currently 185.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Zacks Research cut shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Barclays lifted their target price on shares of SunocoCorp from $63.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Citigroup lifted their target price on shares of SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a report on Friday, May 8th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $80.00 target price on shares of SunocoCorp in a report on Wednesday, May 6th. Finally, Wall Street Zen raised shares of SunocoCorp to a “hold” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.33.

SunocoCorp Company Profile

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