Miller Howard Investments Inc. NY Acquires 370,667 Shares of SunocoCorp LLC $SUNC

Miller Howard Investments Inc. NY boosted its holdings in SunocoCorp LLC (NYSE:SUNC) by 152.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 613,791 shares of the company’s stock after acquiring an additional 370,667 shares during the period. Miller Howard Investments Inc. NY’s holdings in SunocoCorp were worth $44,893,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Engineers Gate Manager LP grew its position in shares of SunocoCorp by 406.7% in the second quarter. Engineers Gate Manager LP now owns 46,112 shares of the company’s stock valued at $3,120,000 after purchasing an additional 37,011 shares during the last quarter. Energy Income Partners LLC purchased a new position in shares of SunocoCorp during the 1st quarter worth approximately $12,742,000. BTG Pactual Asset Management US LLC purchased a new position in shares of SunocoCorp during the 2nd quarter worth approximately $2,906,000. Bank of New York Mellon Corp purchased a new position in shares of SunocoCorp during the 2nd quarter worth approximately $12,164,000. Finally, Pinnacle Holdings LLC acquired a new position in shares of SunocoCorp during the 2nd quarter worth approximately $4,563,000.

SunocoCorp Trading Up 0.4%

Shares of SUNC stock opened at $74.15 on Tuesday. The firm has a 50-day moving average price of $76.41 and a 200 day moving average price of $69.51. SunocoCorp LLC has a twelve month low of $47.00 and a twelve month high of $83.50. 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 released its earnings results on Tuesday, August 4th. The company reported $0.76 earnings per share (EPS) for the quarter. The firm had revenue of $14.26 billion during the quarter.

SunocoCorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Friday, November 6th will be given a $1.0148 dividend. This is a boost from SunocoCorp’s previous quarterly dividend of $1.0023. This represents a $4.06 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, November 6th. SunocoCorp’s dividend payout ratio (DPR) is presently 138.75%.

Wall Street Analysts Forecast Growth

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

About SunocoCorp

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