SunocoCorp LLC (NYSE:SUNC) Given Average Rating of “Moderate Buy” by Brokerages

SunocoCorp LLC (NYSE:SUNC) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $81.00.

A number of equities analysts have recently issued reports on the stock. Barclays raised their target price on shares of SunocoCorp from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. 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 objective on the stock. Raymond James Financial restated a “strong-buy” rating and issued a $80.00 price objective on shares of SunocoCorp in a research note on Wednesday, May 6th. Zacks Research cut shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. Finally, Weiss Ratings initiated coverage on shares of SunocoCorp in a research note on Tuesday, August 11th. They set a “hold (c)” rating for the company.

SunocoCorp Price Performance

Shares of SUNC opened at $77.37 on Tuesday. SunocoCorp has a 1-year low of $47.00 and a 1-year high of $78.85. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $3.99 billion and a PE ratio of 26.77. The company has a fifty day moving average of $71.74.

SunocoCorp (NYSE:SUNC) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.76 earnings per share (EPS) for the quarter. The firm had revenue of $14.26 billion for the quarter.

SunocoCorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th were paid a dividend of $1.0023 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $4.01 annualized dividend and a yield of 5.2%. This is a boost from SunocoCorp’s previous quarterly dividend of $0.99. SunocoCorp’s dividend payout ratio (DPR) is currently 138.41%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of SunocoCorp in the fourth quarter valued at approximately $606,000. TD Waterhouse Canada Inc. acquired a new stake in shares of SunocoCorp during the fourth quarter worth $949,000. Arizona State Retirement System purchased a new position in SunocoCorp in the 4th quarter valued at $571,000. UBS Group AG purchased a new position in SunocoCorp in the 4th quarter valued at $49,908,000. Finally, Pictet Asset Management Holding SA acquired a new position in SunocoCorp in the 4th quarter valued at $327,000.

SunocoCorp Company Profile

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