Miller Howard Investments Inc. NY Makes New Investment in SunocoCorp LLC $SUNC

Miller Howard Investments Inc. NY purchased a new stake in shares of SunocoCorp LLC (NYSE:SUNC) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 88,613 shares of the company’s stock, valued at approximately $5,463,000.

Other institutional investors also recently modified their holdings of the company. QV Investors Inc. bought a new stake in shares of SunocoCorp during the 4th quarter worth $58,528,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in SunocoCorp in the 4th quarter valued at $606,000. UBS Group AG bought a new position in SunocoCorp in the 4th quarter worth $49,908,000. Truist Financial Corp bought a new position in SunocoCorp in the 4th quarter worth $2,004,000. Finally, K2 Principal Fund L.P. bought a new position in SunocoCorp in the 4th quarter worth $5,179,000.

Analyst Ratings Changes

SUNC has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a report on Friday, May 8th. Barclays lifted their price objective on SunocoCorp from $63.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Zacks Research raised SunocoCorp from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Wall Street Zen upgraded SunocoCorp to a “hold” rating in a research note on Saturday, February 28th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, SunocoCorp presently has a consensus rating of “Buy” and a consensus target price of $75.33.

SunocoCorp Stock Performance

Shares of SUNC opened at $65.29 on Wednesday. The company’s 50-day moving average is $65.96. The firm has a market capitalization of $3.36 billion and a price-to-earnings ratio of 30.65. 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 52 week low of $47.00 and a 52 week high of $73.24.

SunocoCorp (NYSE:SUNC) last released its earnings results on Tuesday, May 5th. The company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.47. The firm had revenue of $10.69 billion for the quarter, compared to analyst estimates of $9.56 billion. As a group, equities analysts forecast that SunocoCorp LLC will post 6.88 earnings per share for the current year.

SunocoCorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were given a $0.9899 dividend. The ex-dividend date was Friday, May 8th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 6.1%. SunocoCorp’s dividend payout ratio (DPR) is currently 185.92%.

SunocoCorp Profile

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