Yakira Capital Management Inc. Acquires Shares of 58,023 SunocoCorp LLC $SUNC

Yakira Capital Management Inc. acquired a new stake in shares of SunocoCorp LLC (NYSE:SUNC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 58,023 shares of the company’s stock, valued at approximately $2,859,000.

A number of other hedge funds have also added to or reduced their stakes in SUNC. QV Investors Inc. purchased a new position in SunocoCorp during the 4th quarter valued at $58,528,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in SunocoCorp during the 4th quarter valued at $606,000. TD Waterhouse Canada Inc. purchased a new position in SunocoCorp during the 4th quarter valued at $949,000. Arizona State Retirement System purchased a new position in SunocoCorp during the 4th quarter valued at $571,000. Finally, UBS Group AG purchased a new position in SunocoCorp during the 4th quarter valued at $49,908,000.

Wall Street Analyst Weigh In

SUNC has been the topic of a number of research analyst reports. Wall Street Zen raised shares of SunocoCorp to a “hold” rating in a research report on Saturday, February 28th. Raymond James Financial reissued a “strong-buy” rating and set a $80.00 price objective on shares of SunocoCorp in a research report on Wednesday, May 6th. Citigroup boosted their price objective on shares of SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Barclays boosted their price objective on shares of SunocoCorp from $63.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Finally, Zacks Research downgraded shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, SunocoCorp has an average rating of “Moderate Buy” and an average target price of $75.33.

SunocoCorp Price Performance

NYSE:SUNC opened at $66.51 on Monday. The stock has a 50-day simple moving average of $65.64. The stock has a market cap of $3.43 billion and a P/E ratio of 31.23. The company has a quick ratio of 0.92, a current ratio of 1.40 and a debt-to-equity ratio of 1.67. SunocoCorp LLC has a 1-year low of $47.00 and a 1-year high of $73.24.

SunocoCorp (NYSE:SUNC) last released its earnings results on Tuesday, May 5th. The company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.47. The business had revenue of $10.69 billion during the quarter, compared to analysts’ expectations of $9.56 billion. Equities analysts anticipate that SunocoCorp LLC will post 6.88 EPS for the current fiscal year.

SunocoCorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were given a $0.9899 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 6.0%. SunocoCorp’s dividend payout ratio is currently 185.92%.

About SunocoCorp

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