Walleye Capital LLC Invests $5.61 Million in SunocoCorp LLC $SUNC

Walleye Capital LLC purchased a new position in SunocoCorp LLC (NYSE:SUNC) during the 1st quarter, HoldingsChannel reports. The fund purchased 91,019 shares of the company’s stock, valued at approximately $5,611,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Goldman Sachs Group Inc. acquired a new position in SunocoCorp during the fourth quarter worth about $126,936,000. Millennium Management LLC acquired a new stake in SunocoCorp in the 4th quarter valued at about $76,886,000. Norges Bank acquired a new stake in SunocoCorp in the 4th quarter valued at about $74,696,000. Morgan Stanley purchased a new position in SunocoCorp in the 4th quarter worth approximately $73,776,000. Finally, Engine Capital Management LP purchased a new position in SunocoCorp in the 4th quarter worth approximately $67,976,000.

SunocoCorp Stock Performance

SUNC stock opened at $76.23 on Thursday. SunocoCorp LLC has a one year low of $47.00 and a one year high of $76.29. The stock has a market cap of $3.93 billion and a price-to-earnings ratio of 35.79. The firm’s 50 day moving average price is $68.43. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67.

SunocoCorp (NYSE:SUNC) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.47. The business had revenue of $10.69 billion during the quarter, compared to analysts’ expectations of $9.56 billion. Equities research analysts predict that SunocoCorp LLC will post 6.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SUNC has been the topic of several recent research reports. Citigroup boosted their target price on SunocoCorp from $65.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Raymond James Financial reiterated a “strong-buy” rating and set a $80.00 price objective on shares of SunocoCorp in a research report on Wednesday, May 6th. Barclays boosted their price objective on SunocoCorp from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, Zacks Research upgraded SunocoCorp from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, SunocoCorp currently has an average rating of “Buy” and an average price target of $77.00.

SunocoCorp Company Profile

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