SunocoCorp LLC (NYSE:SUNC) Given Consensus Recommendation of “Moderate Buy” by Analysts

SunocoCorp LLC (NYSE:SUNC) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $81.00.

Several research firms recently commented on SUNC. Barclays upped their price objective on SunocoCorp from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Weiss Ratings initiated coverage on SunocoCorp in a research note on Tuesday, August 11th. They issued a “hold (c)” rating on the stock. Citigroup upped their price target on SunocoCorp from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Mizuho started coverage on SunocoCorp in a research note on Friday, July 24th. They set an “outperform” rating and a $83.00 price target for the company. Finally, Zacks Research lowered SunocoCorp from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th.

SunocoCorp Stock Performance

Shares of SUNC stock opened at $81.35 on Friday. The company has a market capitalization of $4.19 billion and a price-to-earnings ratio of 28.15. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 1.60. SunocoCorp has a 52 week low of $47.00 and a 52 week high of $83.50. The stock has a 50-day moving average of $75.47.

SunocoCorp (NYSE:SUNC) last released its earnings results on Tuesday, August 4th. The company reported $0.76 earnings per share for the quarter. The company 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. Stockholders of record on Friday, August 7th were paid a $1.0023 dividend. The ex-dividend date 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 dividend yield of 4.9%. SunocoCorp’s dividend payout ratio is 138.41%.

Institutional Trading of SunocoCorp

A number of institutional investors have recently modified their holdings of SUNC. Caitong International Asset Management Co. Ltd purchased a new position in SunocoCorp in the 4th quarter valued at approximately $43,000. SG Americas Securities LLC purchased a new stake in shares of SunocoCorp during the first quarter worth $112,000. Deutsche Bank AG purchased a new stake in shares of SunocoCorp during the fourth quarter worth $92,000. State of Wyoming bought a new position in shares of SunocoCorp in the first quarter worth $164,000. Finally, Lombard Odier Asset Management USA Corp bought a new position in shares of SunocoCorp in the first quarter worth $254,000.

SunocoCorp Company Profile

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