SunocoCorp LLC (NYSE:SUNC – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as $63.86 and last traded at $63.7350, with a volume of 839870 shares traded. The stock had previously closed at $62.20.
The newly announced dividend which will be paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th will be given a dividend of $0.9899 per share. This represents a $3.96 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, May 8th.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Zacks Research cut SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Wall Street Zen raised SunocoCorp to a “hold” rating in a research report on Saturday, February 28th. Finally, Raymond James Financial raised SunocoCorp from an “outperform” rating to a “strong-buy” rating and set a $70.00 price objective for the company in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.00.
SunocoCorp Price Performance
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. OP Asset Management Ltd purchased a new position in SunocoCorp during the 1st quarter worth approximately $1,496,000. Miller Howard Investments Inc. NY purchased a new position in SunocoCorp during the 1st quarter worth approximately $5,463,000. SG Americas Securities LLC purchased a new position in SunocoCorp during the 1st quarter worth approximately $112,000. Ovata Capital Management Ltd purchased a new position in SunocoCorp during the 4th quarter worth approximately $2,572,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in SunocoCorp during the 4th quarter worth approximately $43,000.
SunocoCorp Company Profile
Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.
See Also
Receive News & Ratings for SunocoCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunocoCorp and related companies with MarketBeat.com's FREE daily email newsletter.
