Healthcare of Ontario Pension Plan Trust Fund Invests $8.34 Million in SunocoCorp LLC $SUNC

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of SunocoCorp LLC (NYSE:SUNC) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 135,300 shares of the company’s stock, valued at approximately $8,341,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.26% of SunocoCorp at the end of the most recent quarter.

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

SunocoCorp Stock Performance

Shares of SUNC stock opened at $76.19 on Wednesday. The firm has a 50 day moving average of $68.79. SunocoCorp LLC has a twelve month low of $47.00 and a twelve month high of $77.55. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 0.92. The company has a market cap of $3.93 billion and a P/E ratio of 35.77.

SunocoCorp (NYSE:SUNC) last announced its earnings results on Tuesday, May 5th. The company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.47. The company had revenue of $10.69 billion for the quarter, compared to the consensus estimate of $9.56 billion. On average, analysts forecast that SunocoCorp LLC will post 6.88 EPS for the current fiscal year.

SunocoCorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Friday, August 7th will be issued a dividend of $1.0023 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.01 annualized dividend and a dividend yield of 5.3%. This is an increase from SunocoCorp’s previous quarterly dividend of $0.99. SunocoCorp’s payout ratio is currently 185.92%.

Analysts Set New Price Targets

SUNC has been the topic of a number of research reports. Citigroup increased their price objective on SunocoCorp from $65.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Mizuho initiated coverage on shares of SunocoCorp in a research report on Friday. They issued an “outperform” rating and a $83.00 target price for the company. Barclays increased their price target on shares of SunocoCorp from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Zacks Research downgraded shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $80.00 price objective on shares of SunocoCorp in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.50.

SunocoCorp Company Profile

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