Walleye Capital LLC Purchases New Position in SunocoCorp LLC $SUNC

Walleye Capital LLC purchased a new stake in SunocoCorp LLC (NYSE:SUNC) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 91,019 shares of the company’s stock, valued at approximately $5,611,000. Walleye Capital LLC owned 0.18% of SunocoCorp at the end of the most recent quarter.

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

SunocoCorp Trading Up 2.4%

Shares of SunocoCorp stock opened at $76.23 on Thursday. The stock has a market cap of $3.93 billion and a price-to-earnings ratio of 35.79. SunocoCorp LLC has a twelve month low of $47.00 and a twelve month high of $76.29. The company has a 50-day moving average of $68.43. 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 (NYSE:SUNC) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.66 by $0.47. The firm had revenue of $10.69 billion for the quarter, compared to analysts’ expectations of $9.56 billion. On average, sell-side analysts predict that SunocoCorp LLC will post 6.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays lifted their price objective on shares of SunocoCorp from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Citigroup raised their target price on SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Zacks Research raised SunocoCorp from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $80.00 price target on shares of SunocoCorp in a research report on Wednesday, May 6th. One 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. According to MarketBeat.com, SunocoCorp has an average rating of “Buy” and a consensus price target of $77.00.

SunocoCorp Profile

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