SunocoCorp LLC (NYSE:SUNC) Stock Has Average Price Target of $81.75 According to Brokerages

Shares of SunocoCorp LLC (NYSE:SUNC) have received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $81.75.

SUNC has been the topic of several recent analyst reports. Weiss Ratings began coverage on shares of SunocoCorp in a report on Tuesday, August 11th. They issued a “hold (c)” rating on the stock. Zacks Research downgraded shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. Barclays reiterated an “overweight” rating and set a $83.00 price target on shares of SunocoCorp in a research report on Thursday, October 15th. Mizuho began coverage on shares of SunocoCorp in a research note on Friday, July 24th. They issued an “outperform” rating and a $83.00 price objective on the stock. Finally, Citigroup boosted their price objective on shares of SunocoCorp from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 7th.

SunocoCorp Stock Down 1.6%

Shares of NYSE SUNC opened at $71.21 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.83 and a current ratio of 1.29. SunocoCorp has a 52 week low of $47.00 and a 52 week high of $83.50. The stock has a market capitalization of $3.67 billion and a P/E ratio of 24.64. The stock’s fifty day moving average is $75.97 and its 200 day moving average is $69.59.

SunocoCorp (NYSE:SUNC) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.76 EPS for the quarter. The company had revenue of $14.26 billion during the quarter.

SunocoCorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Friday, November 6th will be issued a $1.0148 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 5.7%. This is a boost from SunocoCorp’s previous quarterly dividend of $1.0023. SunocoCorp’s dividend payout ratio (DPR) is 140.14%.

Hedge Funds Weigh In On SunocoCorp

Institutional investors have recently modified their holdings of the business. State of Wyoming bought a new stake in shares of SunocoCorp during the 3rd quarter worth $67,000. Nisa Investment Advisors LLC boosted its stake in SunocoCorp by 147.1% in the third quarter. Nisa Investment Advisors LLC now owns 1,490 shares of the company’s stock valued at $109,000 after buying an additional 887 shares in the last quarter. SG Americas Securities LLC acquired a new stake in SunocoCorp in the first quarter valued at about $112,000. Lombard Odier Asset Management USA Corp bought a new position in SunocoCorp in the first quarter valued at about $254,000. Finally, Sei Investments Co. bought a new position in SunocoCorp in the first quarter valued at about $274,000.

About SunocoCorp

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