SunocoCorp (TXSE:SUNC) Stock: Insider David Skidmore Purchases 1,500 Shares

SunocoCorp LLC (TXSE:SUNC) Director David Skidmore acquired 1,500 shares of the company’s stock in a transaction dated Friday, November 6th. The stock was acquired at an average cost of $62.75 per share, for a total transaction of $94,125.00. Following the completion of the acquisition, the director directly owned 1,500 shares in the company, valued at approximately $94,125. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

SunocoCorp Stock Up 3.6%

TXSE:SUNC opened at $65.27 on Thursday. The firm has a market capitalization of $3.36 billion and a P/E ratio of 22.58. SunocoCorp LLC has a 1-year low of $47.00 and a 1-year high of $83.50. The company’s fifty day moving average price is $74.00 and its 200-day moving average price is $69.37. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.29 and a quick ratio of 0.83.

SunocoCorp (TXSE:SUNC) last issued its earnings results on Tuesday, November 3rd. The company reported $1.55 earnings per share (EPS) for the quarter. The business had revenue of $18.03 billion for the quarter.

SunocoCorp Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, November 6th. This represents a $4.06 annualized dividend and a yield of 6.2%. This is an increase from SunocoCorp’s previous quarterly dividend of $1.0023. SunocoCorp’s payout ratio is 140.14%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings initiated coverage on SunocoCorp in a research note on Tuesday, August 11th. They set a “hold (c)” rating for the company. Citigroup upped their target price on SunocoCorp from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Zacks Research downgraded SunocoCorp from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Mizuho initiated coverage on SunocoCorp in a report on Friday, July 24th. They set an “outperform” rating and a $83.00 target price on the stock. Finally, Barclays reiterated an “overweight” rating and set a $83.00 price target on shares of SunocoCorp in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, SunocoCorp presently has an average rating of “Moderate Buy” and an average price target of $81.75.

Hedge Funds Weigh In On SunocoCorp

Several large investors have recently made changes to their positions in SUNC. Assenagon Asset Management S.A. boosted its holdings in SunocoCorp by 0.6% during the third quarter. Assenagon Asset Management S.A. now owns 1,063,315 shares of the company’s stock worth $77,771,000 after buying an additional 6,690 shares in the last quarter. Miller Howard Investments Inc. NY increased its holdings in SunocoCorp by 152.5% in the third quarter. Miller Howard Investments Inc. NY now owns 613,791 shares of the company’s stock valued at $44,893,000 after buying an additional 370,667 shares in the last quarter. Janus Henderson Group PLC increased its holdings in SunocoCorp by 3,139.1% in the first quarter. Janus Henderson Group PLC now owns 583,031 shares of the company’s stock valued at $35,931,000 after buying an additional 565,031 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of SunocoCorp in the first quarter worth about $30,301,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of SunocoCorp by 12.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 314,308 shares of the company’s stock worth $22,988,000 after acquiring an additional 35,883 shares during the period.

SunocoCorp Company Profile

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