40,669 Shares in SunocoCorp LLC $SUNC Acquired by Truist Financial Corp

Truist Financial Corp purchased a new position in SunocoCorp LLC (NYSE:SUNC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 40,669 shares of the company’s stock, valued at approximately $2,004,000.

Several other hedge funds have also made changes to their positions in SUNC. Danske Bank A S bought a new stake in shares of SunocoCorp in the 4th quarter worth approximately $133,000. Pictet Asset Management Holding SA bought a new stake in shares of SunocoCorp in the 4th quarter worth approximately $327,000. Arizona State Retirement System bought a new stake in shares of SunocoCorp in the 4th quarter worth approximately $571,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of SunocoCorp in the 4th quarter worth approximately $606,000. Finally, TD Waterhouse Canada Inc. bought a new stake in SunocoCorp during the 4th quarter valued at $949,000.

SunocoCorp Stock Performance

Shares of SunocoCorp stock opened at $70.07 on Thursday. The firm’s fifty day simple moving average is $62.33. SunocoCorp LLC has a 1-year low of $47.00 and a 1-year high of $70.14.

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

SunocoCorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th will be paid a $0.9899 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, May 8th.

Wall Street Analyst Weigh In

Several analysts have weighed in on SUNC shares. Zacks Research downgraded SunocoCorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Citigroup lifted their target price on SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $80.00 target price on shares of SunocoCorp in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised SunocoCorp to a “hold” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, SunocoCorp presently has a consensus rating of “Moderate Buy” and an average target price of $70.00.

SunocoCorp Company Profile

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