24,180 SunocoCorp LLC $SUNC Shares Sold by QV Investors Inc.

QV Investors Inc. reduced its stake in shares of SunocoCorp LLC (NYSE:SUNC) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,028,154 shares of the company’s stock after selling 24,180 shares during the quarter. SunocoCorp accounts for approximately 5.5% of QV Investors Inc.’s portfolio, making the stock its largest holding. QV Investors Inc. owned about 2.00% of SunocoCorp worth $75,199,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SUNC. Counterpoint Mutual Funds LLC purchased a new stake in SunocoCorp during the 3rd quarter valued at about $948,000. Assenagon Asset Management S.A. grew its position in SunocoCorp by 0.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,063,315 shares of the company’s stock worth $77,771,000 after acquiring an additional 6,690 shares during the last quarter. Engineers Gate Manager LP boosted its position in SunocoCorp by 406.7% during the 2nd quarter. Engineers Gate Manager LP now owns 46,112 shares of the company’s stock valued at $3,120,000 after buying an additional 37,011 shares during the period. BTG Pactual Asset Management US LLC purchased a new position in shares of SunocoCorp in the second quarter valued at about $2,906,000. Finally, Pinnacle Holdings LLC purchased a new position in SunocoCorp during the 2nd quarter valued at about $4,563,000.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SUNC. Citigroup upped their price target on SunocoCorp from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Zacks Research downgraded shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. Weiss Ratings started coverage on SunocoCorp in a research report on Tuesday, August 11th. They issued a “hold (c)” rating for the company. Barclays reiterated an “overweight” rating and set a $83.00 target price on shares of SunocoCorp in a research note on Thursday, October 15th. Finally, Mizuho assumed coverage on shares of SunocoCorp in a research note on Friday, July 24th. They issued an “outperform” rating and a $83.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $81.75.

SunocoCorp Price Performance

NYSE SUNC opened at $72.97 on Wednesday. SunocoCorp LLC has a 12 month low of $47.00 and a 12 month high of $83.50. The stock’s 50 day moving average is $76.65 and its 200 day moving average is $70.97. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.29 and a quick ratio of 0.83.

SunocoCorp (NYSE:SUNC) last issued its earnings results on Tuesday, August 4th. The company reported $0.76 earnings per share for the quarter. The company had revenue of $14.26 billion for the quarter.

SunocoCorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th were given a dividend of $1.0023 per share. The ex-dividend date was Friday, August 7th. This represents a $4.01 dividend on an annualized basis and a dividend yield of 5.5%. This is an increase from SunocoCorp’s previous quarterly dividend of $0.9899. SunocoCorp’s dividend payout ratio is currently 138.75%.

About SunocoCorp

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