SunocoCorp LLC (NYSE:SUNC) Given Average Recommendation of “Moderate Buy” by Brokerages

SunocoCorp LLC (NYSE:SUNC) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $81.00.

Several research firms have issued reports on SUNC. Citigroup increased their target price on shares of SunocoCorp from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Mizuho started coverage on shares of SunocoCorp in a research report on Friday, July 24th. They set an “outperform” rating and a $83.00 price target for the company. Zacks Research cut shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. Weiss Ratings started coverage on shares of SunocoCorp in a report on Tuesday, August 11th. They issued a “hold (c)” rating on the stock. Finally, Barclays increased their price objective on SunocoCorp from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th.

Institutional Trading of SunocoCorp

A number of large investors have recently modified their holdings of SUNC. Caitong International Asset Management Co. Ltd purchased a new position in shares of SunocoCorp during the fourth quarter worth about $43,000. Deutsche Bank AG bought a new position in shares of SunocoCorp in the fourth quarter worth approximately $92,000. SG Americas Securities LLC purchased a new stake in SunocoCorp in the first quarter valued at approximately $112,000. State of Wyoming purchased a new stake in SunocoCorp in the first quarter valued at approximately $164,000. Finally, Lombard Odier Asset Management USA Corp bought a new stake in SunocoCorp during the first quarter valued at approximately $254,000.

SunocoCorp Stock Up 0.2%

Shares of SUNC opened at $81.35 on Friday. The firm’s 50-day moving average is $75.47. SunocoCorp has a twelve month low of $47.00 and a twelve month high of $83.50. The company has a market capitalization of $4.19 billion and a PE ratio of 28.15. 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 (NYSE:SUNC) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.76 EPS for the quarter. The firm had revenue of $14.26 billion during the quarter.

SunocoCorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th were paid a $1.0023 dividend. The ex-dividend date was Friday, August 7th. This represents a $4.01 dividend on an annualized basis and a yield of 4.9%. This is an increase from SunocoCorp’s previous quarterly dividend of $0.99. SunocoCorp’s dividend payout ratio is currently 138.41%.

SunocoCorp Company Profile

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