SunocoCorp (NYSE:SUNC) Sets New 52-Week High – Here’s Why

Shares of SunocoCorp LLC (NYSE:SUNC) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $62.50 and last traded at $62.0050, with a volume of 263098 shares trading hands. The stock had previously closed at $61.31.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SUNC shares. Raymond James Financial upgraded shares of SunocoCorp from an “outperform” rating to a “strong-buy” rating and set a $70.00 price objective for the company in a research note on Monday, January 5th. Wall Street Zen upgraded SunocoCorp to a “hold” rating in a report on Saturday, February 28th. Finally, Zacks Research cut 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 issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

SunocoCorp Stock Up 1.1%

Institutional Investors Weigh In On SunocoCorp

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

About SunocoCorp

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