Virtu Financial LLC Acquires Shares of 20,117 SunocoCorp LLC $SUNC

Virtu Financial LLC purchased a new position in shares of SunocoCorp LLC (NYSE:SUNC) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 20,117 shares of the company’s stock, valued at approximately $991,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SUNC. Goldman Sachs Group Inc. acquired a new position in SunocoCorp during the 4th quarter valued at about $126,936,000. Millennium Management LLC bought a new stake in shares of SunocoCorp during the fourth quarter worth approximately $76,886,000. Norges Bank bought a new stake in shares of SunocoCorp during the fourth quarter worth approximately $74,696,000. Morgan Stanley acquired a new position in SunocoCorp in the fourth quarter valued at approximately $73,776,000. Finally, Engine Capital Management LP acquired a new position in SunocoCorp in the fourth quarter valued at approximately $67,976,000.

SunocoCorp Price Performance

NYSE SUNC opened at $62.81 on Monday. SunocoCorp LLC has a one year low of $47.00 and a one year high of $73.24. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 1.40. The firm has a market capitalization of $3.24 billion and a price-to-earnings ratio of 29.49. The stock’s 50-day simple moving average is $65.87.

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

SunocoCorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were paid a $0.9899 dividend. The ex-dividend date was Friday, May 8th. This represents a $3.96 annualized dividend and a yield of 6.3%. SunocoCorp’s payout ratio is presently 185.92%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SUNC shares. Zacks Research downgraded SunocoCorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Wall Street Zen raised SunocoCorp to a “hold” rating in a research note on Saturday, February 28th. Barclays upped their price objective on SunocoCorp from $63.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Citigroup increased their target price on SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $80.00 target price on shares of SunocoCorp in a report on Wednesday, May 6th. One equities research 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, SunocoCorp has an average 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.