WINTON GROUP Ltd Takes Position in SunocoCorp LLC $SUNC

WINTON GROUP Ltd acquired a new stake in SunocoCorp LLC (NYSE:SUNC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 35,130 shares of the company’s stock, valued at approximately $1,731,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Danske Bank A S purchased a new stake in SunocoCorp in the fourth quarter valued at approximately $133,000. Northwestern Mutual Wealth Management Co. purchased a new stake in SunocoCorp in the fourth quarter valued at approximately $312,000. Gabelli Funds LLC purchased a new stake in SunocoCorp in the fourth quarter valued at approximately $320,000. Pictet Asset Management Holding SA purchased a new stake in SunocoCorp in the fourth quarter valued at approximately $327,000. Finally, Arizona State Retirement System purchased a new stake in SunocoCorp in the fourth quarter valued at approximately $571,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup boosted their price objective on SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Wall Street Zen upgraded SunocoCorp to a “hold” rating in a research note on Saturday, February 28th. Raymond James Financial reiterated a “strong-buy” rating and issued a $80.00 price objective on shares of SunocoCorp in a research note on Wednesday, May 6th. Zacks Research cut SunocoCorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Finally, Barclays boosted their target price on SunocoCorp from $63.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. One equities research 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, SunocoCorp presently has a consensus rating of “Moderate Buy” and an average price target of $75.33.

SunocoCorp Price Performance

NYSE:SUNC opened at $66.77 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. The company has a 50 day moving average of $65.24. SunocoCorp LLC has a 12-month low of $47.00 and a 12-month high of $73.24.

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

SunocoCorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were issued a dividend of $0.9899 per share. This represents a $3.96 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Friday, May 8th.

SunocoCorp Profile

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