Goldman Sachs Group Inc. Makes New Investment in SunocoCorp LLC $SUNC

Goldman Sachs Group Inc. acquired a new position in SunocoCorp LLC (NYSE:SUNC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,575,806 shares of the company’s stock, valued at approximately $126,936,000. Goldman Sachs Group Inc. owned 1.26% of SunocoCorp at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new stake in SunocoCorp in the fourth quarter worth about $74,696,000. QV Investors Inc. purchased a new stake in SunocoCorp in the fourth quarter worth about $58,528,000. UBS Group AG purchased a new stake in SunocoCorp in the fourth quarter worth about $49,908,000. iA Global Asset Management Inc. purchased a new position in shares of SunocoCorp during the fourth quarter valued at approximately $30,104,000. Finally, Cardinal Point Capital Management ULC purchased a new position in shares of SunocoCorp during the fourth quarter valued at approximately $10,061,000.

SunocoCorp Price Performance

Shares of SUNC opened at $66.39 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.40 and a debt-to-equity ratio of 1.67. The firm’s 50 day moving average price is $65.31. SunocoCorp LLC has a twelve month low of $47.00 and a twelve month high of $73.24.

SunocoCorp (NYSE:SUNC) last announced its quarterly 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 firm had revenue of $10.69 billion for the quarter, compared to the consensus estimate of $9.56 billion. On average, equities research analysts predict that SunocoCorp LLC will post 6.88 EPS for the current fiscal year.

SunocoCorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were given a $0.9899 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Friday, May 8th.

Analysts Set New Price Targets

SUNC has been the subject of several recent research reports. Citigroup lifted their target price on shares of SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a report on Friday, May 8th. Barclays lifted their target price on shares of SunocoCorp from $63.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Zacks Research lowered shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Wall Street Zen upgraded shares of SunocoCorp to a “hold” rating in a report on Saturday, February 28th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $80.00 target price on shares of SunocoCorp in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, SunocoCorp presently has an average rating of “Moderate Buy” and an average target price of $75.33.

About SunocoCorp

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