SunocoCorp LLC (NYSE:SUNC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of SunocoCorp LLC (NYSE:SUNC) have earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $78.50.

SUNC has been the topic of several recent research reports. Citigroup upped their price objective on SunocoCorp from $65.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Barclays boosted 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 reissued a “strong-buy” rating and set a $80.00 price target on shares of SunocoCorp in a report on Wednesday, May 6th. Mizuho started coverage on shares of SunocoCorp in a research report on Friday, July 24th. They set an “outperform” rating and a $83.00 price target on the stock. Finally, Zacks Research cut shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th.

Hedge Funds Weigh In On SunocoCorp

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new position in SunocoCorp during the fourth quarter worth approximately $43,000. Deutsche Bank AG purchased a new stake in shares of SunocoCorp in the fourth quarter valued at approximately $92,000. SG Americas Securities LLC purchased a new stake in shares of SunocoCorp in the first quarter valued at approximately $112,000. Danske Bank A S acquired a new position in shares of SunocoCorp during the 4th quarter worth approximately $133,000. Finally, State of Wyoming acquired a new position in shares of SunocoCorp during the 1st quarter worth approximately $164,000.

SunocoCorp Stock Down 0.0%

Shares of SUNC stock opened at $76.03 on Friday. SunocoCorp has a 52-week low of $47.00 and a 52-week high of $77.57. 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 firm has a market cap of $3.92 billion and a PE ratio of 35.70. The company has a 50-day moving average of $68.98.

SunocoCorp (NYSE:SUNC) last posted its earnings results on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.66 by $0.47. The company had revenue of $10.69 billion for the quarter, compared to analyst estimates of $9.56 billion.

SunocoCorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th will be given a dividend of $1.0023 per share. This is a boost from SunocoCorp’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, August 7th. This represents a $4.01 dividend on an annualized basis and a dividend yield of 5.3%. SunocoCorp’s payout ratio is 185.92%.

SunocoCorp Company Profile

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