Miller Howard Investments Inc. NY bought a new position in SunocoCorp LLC (NYSE:SUNC – Free 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 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
Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.
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