641,809 Shares in SunocoCorp LLC $SUNC Bought by Aventail Capital Group LP

Aventail Capital Group LP purchased a new position in SunocoCorp LLC (NYSE:SUNC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 641,809 shares of the company’s stock, valued at approximately $31,628,000. SunocoCorp accounts for about 1.8% of Aventail Capital Group LP’s investment portfolio, making the stock its 17th largest position. Aventail Capital Group LP owned 0.31% of SunocoCorp at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG purchased a new stake in shares of SunocoCorp in the fourth quarter worth $92,000. Danske Bank A S purchased a new stake in shares of SunocoCorp in the fourth quarter worth $133,000. Commonwealth Equity Services LLC purchased a new stake in shares of SunocoCorp in the fourth quarter worth $272,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of SunocoCorp in the fourth quarter worth $312,000. Finally, Gabelli Funds LLC purchased a new stake in shares of SunocoCorp in the fourth quarter worth $320,000.

Analysts Set New Price Targets

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

SunocoCorp Stock Down 2.3%

NYSE SUNC opened at $62.69 on Thursday. The stock has a 50-day moving average of $65.83. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 0.92. SunocoCorp LLC has a 52 week low of $47.00 and a 52 week high of $73.24. The company has a market capitalization of $3.23 billion and a P/E ratio of 29.43.

SunocoCorp (NYSE:SUNC) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.66 by $0.47. The company had revenue of $10.69 billion during the quarter, compared to the consensus estimate of $9.56 billion. Research analysts anticipate that SunocoCorp LLC will post 6.88 EPS for the current year.

SunocoCorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were issued a dividend of $0.9899 per share. This represents a $3.96 annualized dividend and a yield of 6.3%. The ex-dividend date was Friday, May 8th. SunocoCorp’s dividend payout ratio (DPR) is currently 185.92%.

About SunocoCorp

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