Healthcare of Ontario Pension Plan Trust Fund Buys New Position in SunocoCorp LLC $SUNC

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in SunocoCorp LLC (NYSE:SUNC) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 135,300 shares of the company’s stock, valued at approximately $8,341,000.

Other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of SunocoCorp during the fourth quarter worth approximately $43,000. Deutsche Bank AG bought a new stake in shares of SunocoCorp in the fourth quarter valued at approximately $92,000. SG Americas Securities LLC acquired a new stake in shares of SunocoCorp in the first quarter worth $112,000. Danske Bank A S acquired a new stake in shares of SunocoCorp in the fourth quarter worth $133,000. Finally, State of Wyoming bought a new position in SunocoCorp during the first quarter worth $164,000.

Analyst Ratings Changes

SUNC has been the subject of several research analyst reports. Barclays upped their target price on shares of SunocoCorp from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Raymond James Financial restated a “strong-buy” rating and issued a $80.00 price target on shares of SunocoCorp in a research report on Wednesday, May 6th. Citigroup boosted their price objective on shares of SunocoCorp from $65.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Zacks Research lowered shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. Finally, Mizuho initiated coverage on shares of SunocoCorp in a research note on Friday. They issued an “outperform” rating and a $83.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.50.

SunocoCorp Trading Up 0.9%

Shares of NYSE:SUNC opened at $76.19 on Wednesday. The firm has a market cap of $3.93 billion and a price-to-earnings ratio of 35.77. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 0.92. SunocoCorp LLC has a 1-year low of $47.00 and a 1-year high of $77.55. The stock’s 50 day moving average price is $68.79.

SunocoCorp (NYSE:SUNC) last issued its earnings results 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 analyst estimates of $9.56 billion. On average, sell-side analysts predict that SunocoCorp LLC will post 6.88 EPS for the current year.

SunocoCorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th will be issued a $1.0023 dividend. This is a boost from SunocoCorp’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.01 annualized dividend and a yield of 5.3%. SunocoCorp’s payout ratio is presently 185.92%.

About SunocoCorp

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