SunocoCorp LLC $SUNC Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its stake in shares of SunocoCorp LLC (NYSE:SUNC) by 3,139.1% during the 1st quarter, Holdings Channel reports. The fund owned 583,031 shares of the company’s stock after buying an additional 565,031 shares during the quarter. Janus Henderson Group PLC’s holdings in SunocoCorp were worth $35,931,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. QV Investors Inc. purchased a new stake in shares of SunocoCorp in the 4th quarter valued at approximately $58,528,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of SunocoCorp during the 4th quarter worth approximately $606,000. UBS Group AG purchased a new stake in shares of SunocoCorp during the 4th quarter valued at approximately $49,908,000. Truist Financial Corp purchased a new stake in shares of SunocoCorp during the 4th quarter valued at approximately $2,004,000. Finally, Energy Income Partners LLC acquired a new position in SunocoCorp in the first quarter valued at approximately $12,742,000.

SunocoCorp Stock Performance

NYSE:SUNC opened at $76.63 on Monday. SunocoCorp LLC has a fifty-two week low of $47.00 and a fifty-two week high of $77.57. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 0.92. The business’s 50 day moving average is $69.10. The stock has a market cap of $3.95 billion and a PE ratio of 35.98.

SunocoCorp (NYSE:SUNC) last announced its earnings results on Tuesday, May 5th. The company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.47. The firm had revenue of $10.69 billion during the quarter, compared to analysts’ expectations of $9.56 billion.

SunocoCorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th will be paid a $1.0023 dividend. The ex-dividend date of this dividend is Friday, August 7th. This is a boost from SunocoCorp’s previous quarterly dividend of $0.99. This represents a $4.01 dividend on an annualized basis and a dividend yield of 5.2%. SunocoCorp’s payout ratio is presently 185.92%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SUNC. Barclays raised their target price on SunocoCorp from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Raymond James Financial reiterated a “strong-buy” rating and set a $80.00 price target on shares of SunocoCorp in a report on Wednesday, May 6th. Zacks Research downgraded SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. Citigroup boosted their price objective on shares of SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Mizuho initiated coverage on shares of SunocoCorp in a research report on Friday, July 24th. They issued an “outperform” rating and a $83.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.50.

SunocoCorp Profile

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