Ovata Capital Management Ltd Makes New Investment in SunocoCorp LLC $SUNC

Ovata Capital Management Ltd purchased a new stake in SunocoCorp LLC (NYSE:SUNC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 52,200 shares of the company’s stock, valued at approximately $2,572,000. SunocoCorp accounts for 0.5% of Ovata Capital Management Ltd’s holdings, making the stock its 26th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Danske Bank A S acquired a new position in shares of SunocoCorp in the 4th quarter valued at $133,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of SunocoCorp in the 4th quarter valued at $312,000. Gabelli Funds LLC acquired a new position in shares of SunocoCorp in the 4th quarter valued at $320,000. Pictet Asset Management Holding SA acquired a new position in shares of SunocoCorp in the 4th quarter valued at $327,000. Finally, Arizona State Retirement System acquired a new position in shares of SunocoCorp in the 4th quarter valued at $571,000.

SunocoCorp Trading Up 0.7%

SUNC opened at $67.39 on Friday. SunocoCorp LLC has a 12 month low of $47.00 and a 12 month high of $73.24. The company has a fifty day moving average of $65.15.

SunocoCorp (NYSE:SUNC) last issued 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 business had revenue of $10.69 billion for the quarter, compared to the consensus estimate of $9.56 billion. As a group, equities analysts forecast that SunocoCorp LLC will post 6.88 EPS for the current year.

SunocoCorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were given a dividend of $0.9899 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.96 annualized dividend and a yield of 5.9%.

Wall Street Analyst Weigh In

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

SunocoCorp Company Profile

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