Miller Howard Investments Inc. NY Makes New $5.46 Million Investment in SunocoCorp LLC $SUNC

Miller Howard Investments Inc. NY bought a new position in SunocoCorp LLC (NYSE:SUNCFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 88,613 shares of the company’s stock, valued at approximately $5,463,000. Miller Howard Investments Inc. NY owned approximately 0.17% of SunocoCorp at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SUNC. Caitong International Asset Management Co. Ltd purchased a new stake in shares of SunocoCorp in the 4th quarter valued at approximately $43,000. Deutsche Bank AG purchased a new position in SunocoCorp during the 4th quarter worth approximately $92,000. SG Americas Securities LLC purchased a new position in SunocoCorp during the 1st quarter worth approximately $112,000. Danske Bank A S acquired a new stake in SunocoCorp during the 4th quarter valued at $133,000. Finally, Commonwealth Equity Services LLC acquired a new stake in SunocoCorp during the 4th quarter valued at $272,000.

SunocoCorp Trading Up 4.2%

SUNC stock opened at $65.29 on Wednesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 1.40. SunocoCorp LLC has a 1 year low of $47.00 and a 1 year high of $73.24. The firm has a fifty day simple moving average of $65.96. The firm has a market cap of $3.36 billion and a price-to-earnings ratio of 30.65.

SunocoCorp (NYSE:SUNCGet Free Report) last issued its quarterly earnings data 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. As a group, analysts forecast that SunocoCorp LLC will post 6.88 EPS for the current fiscal year.

SunocoCorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were paid a dividend of $0.9899 per share. This represents a $3.96 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Friday, May 8th. SunocoCorp’s dividend payout ratio is 185.92%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $80.00 target price on shares of SunocoCorp in a research report on Wednesday, May 6th. Citigroup upped their price target on SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Wall Street Zen raised SunocoCorp to a “hold” rating in a research note on Saturday, February 28th. Barclays raised their price objective on SunocoCorp from $63.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Zacks Research raised SunocoCorp from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $75.33.

View Our Latest Report on SUNC

SunocoCorp Company Profile

(Free Report)

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

See Also

Institutional Ownership by Quarter for SunocoCorp (NYSE:SUNC)

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