TD Waterhouse Canada Inc. Sells 6,597 Shares of SunocoCorp LLC $SUNC

TD Waterhouse Canada Inc. trimmed its holdings in SunocoCorp LLC (NYSE:SUNC) by 23.7% in the second quarter, Holdings Channel reports. The institutional investor owned 21,217 shares of the company’s stock after selling 6,597 shares during the period. TD Waterhouse Canada Inc.’s holdings in SunocoCorp were worth $1,442,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SUNC. Goldman Sachs Group Inc. bought a new position in SunocoCorp during the 4th quarter worth $126,936,000. Millennium Management LLC bought a new stake in shares of SunocoCorp during the 4th quarter valued at $76,886,000. Norges Bank bought a new stake in shares of SunocoCorp during the 4th quarter valued at $74,696,000. Morgan Stanley acquired a new stake in shares of SunocoCorp during the 4th quarter worth $73,776,000. Finally, Engine Capital Management LP acquired a new stake in shares of SunocoCorp during the 4th quarter worth $67,976,000.

SunocoCorp Stock Performance

Shares of SUNC opened at $81.72 on Wednesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.83 and a current ratio of 1.29. SunocoCorp LLC has a 52-week low of $47.00 and a 52-week high of $82.05. The company has a market cap of $4.21 billion and a price-to-earnings ratio of 28.28. The firm has a fifty day simple moving average of $74.68.

SunocoCorp (NYSE:SUNC) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.76 earnings per share for the quarter. The business had revenue of $14.26 billion for the quarter.

SunocoCorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th were paid a dividend of $1.0023 per share. The ex-dividend date of this dividend was Friday, August 7th. This is a positive change from SunocoCorp’s previous quarterly dividend of $0.99. This represents a $4.01 annualized dividend and a yield of 4.9%. SunocoCorp’s payout ratio is presently 138.41%.

Analyst Ratings Changes

SUNC has been the subject of a number of analyst reports. Mizuho started coverage on SunocoCorp in a research note on Friday, July 24th. They issued an “outperform” rating and a $83.00 price target for the company. Zacks Research downgraded shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Citigroup raised their target price on shares of SunocoCorp from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 7th. Weiss Ratings started coverage on shares of SunocoCorp in a research report on Tuesday, August 11th. They issued a “hold (c)” rating for the company. Finally, Barclays upped their price target on shares of SunocoCorp from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

SunocoCorp Company Profile

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