Aventail Capital Group LP Invests $31.63 Million in SunocoCorp LLC $SUNC

Aventail Capital Group LP bought a new position in SunocoCorp LLC (NYSE:SUNC) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 641,809 shares of the company’s stock, valued at approximately $31,628,000. SunocoCorp accounts for 1.8% of Aventail Capital Group LP’s investment portfolio, making the stock its 17th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of SUNC. QV Investors Inc. purchased a new position in shares of SunocoCorp in the 4th quarter worth approximately $58,528,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of SunocoCorp in the 4th quarter worth approximately $606,000. TD Waterhouse Canada Inc. purchased a new position in shares of SunocoCorp in the 4th quarter worth approximately $949,000. Arizona State Retirement System purchased a new position in shares of SunocoCorp in the 4th quarter worth approximately $571,000. Finally, UBS Group AG purchased a new position in shares of SunocoCorp in the 4th quarter worth approximately $49,908,000.

SunocoCorp Trading Down 2.3%

SUNC opened at $62.69 on Thursday. The company has a market cap of $3.23 billion and a price-to-earnings ratio of 29.43. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. SunocoCorp LLC has a 12 month low of $47.00 and a 12 month high of $73.24. The stock has a fifty day moving average of $65.83.

SunocoCorp (NYSE:SUNC) last released its quarterly earnings results 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. On average, equities research analysts forecast that SunocoCorp LLC will post 6.88 EPS for the current year.

SunocoCorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were paid 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 payout ratio is 185.92%.

Analyst Ratings Changes

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

SunocoCorp Company Profile

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