52,200 Shares in SunocoCorp LLC $SUNC Bought by Ovata Capital Management Ltd

Ovata Capital Management Ltd bought a new stake in SunocoCorp LLC (NYSE:SUNC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 52,200 shares of the company’s stock, valued at approximately $2,572,000.

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

SunocoCorp Price Performance

SunocoCorp stock opened at $62.81 on Friday. 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 LLC has a 12 month low of $47.00 and a 12 month high of $73.24. The stock has a fifty day simple moving average of $65.87. The firm has a market capitalization of $3.24 billion and a P/E ratio of 29.49.

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

SunocoCorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were paid a $0.9899 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.96 annualized dividend and a dividend yield of 6.3%. SunocoCorp’s dividend payout ratio is presently 185.92%.

Analyst Upgrades and Downgrades

SUNC has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of SunocoCorp to a “hold” rating in a report on Saturday, February 28th. 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. Raymond James Financial reissued a “strong-buy” rating and issued a $80.00 price objective on shares of SunocoCorp in a research report on Wednesday, May 6th. Barclays raised their target price on SunocoCorp from $63.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, Zacks Research lowered SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.33.

SunocoCorp Company Profile

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