SunocoCorp LLC (NYSE:SUNC) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of SunocoCorp LLC (NYSE:SUNC) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $81.75.

A number of brokerages have recently issued reports on SUNC. Citigroup boosted their price objective on SunocoCorp from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Zacks Research downgraded SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. Mizuho initiated coverage on SunocoCorp in a research note on Friday, July 24th. They set an “outperform” rating and a $83.00 target price on the stock. Weiss Ratings began coverage on SunocoCorp in a report on Tuesday, August 11th. They set a “hold (c)” rating for the company. Finally, Barclays reissued an “overweight” rating and set a $83.00 price target on shares of SunocoCorp in a report on Thursday, October 15th.

Institutional Investors Weigh In On SunocoCorp

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP raised its position in shares of SunocoCorp by 406.7% in the second quarter. Engineers Gate Manager LP now owns 46,112 shares of the company’s stock valued at $3,120,000 after buying an additional 37,011 shares in the last quarter. Energy Income Partners LLC acquired a new stake in SunocoCorp during the first quarter worth approximately $12,742,000. BTG Pactual Asset Management US LLC acquired a new stake in SunocoCorp during the second quarter worth approximately $2,906,000. Bank of New York Mellon Corp acquired a new stake in SunocoCorp during the second quarter worth approximately $12,164,000. Finally, Pinnacle Holdings LLC bought a new position in SunocoCorp during the 2nd quarter worth $4,563,000.

SunocoCorp Stock Performance

Shares of SUNC stock opened at $71.21 on Friday. The company has a market capitalization of $3.67 billion and a price-to-earnings ratio of 24.64. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.83 and a current ratio of 1.29. The company has a 50-day simple moving average of $75.97 and a 200 day simple moving average of $69.59. SunocoCorp has a 52 week low of $47.00 and a 52 week high of $83.50.

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

SunocoCorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Friday, November 6th will be given a dividend of $1.0148 per share. This represents a $4.06 annualized dividend and a yield of 5.7%. The ex-dividend date is Friday, November 6th. This is a positive change from SunocoCorp’s previous quarterly dividend of $1.0023. SunocoCorp’s dividend payout ratio (DPR) is 140.14%.

SunocoCorp Company Profile

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