Yakira Capital Management Inc. Invests $2.86 Million in SunocoCorp LLC $SUNC

Yakira Capital Management Inc. acquired a new stake in shares of SunocoCorp LLC (NYSE:SUNC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 58,023 shares of the company’s stock, valued at approximately $2,859,000.

Other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG purchased a new stake in SunocoCorp during the 4th quarter valued at about $92,000. Danske Bank A S purchased a new stake in SunocoCorp during the 4th quarter valued at about $133,000. Commonwealth Equity Services LLC purchased a new stake in SunocoCorp during the 4th quarter valued at about $272,000. Northwestern Mutual Wealth Management Co. purchased a new stake in SunocoCorp during the 4th quarter valued at about $312,000. Finally, Gabelli Funds LLC purchased a new stake in SunocoCorp during the 4th quarter valued at about $320,000.

SunocoCorp Stock Performance

SUNC opened at $66.51 on Monday. The company has a quick ratio of 0.92, a current ratio of 1.40 and a debt-to-equity ratio of 1.67. The company has a market cap of $3.43 billion and a PE ratio of 31.23. The company’s 50-day moving average is $65.64. SunocoCorp LLC has a 52-week low of $47.00 and a 52-week high of $73.24.

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

SunocoCorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

SUNC has been the topic of several recent analyst reports. Zacks Research downgraded shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Barclays increased 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. Wall Street Zen raised shares of SunocoCorp to a “hold” rating in a research report on Saturday, February 28th. Citigroup increased 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. Finally, 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.33.

About SunocoCorp

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