BTG Pactual Asset Management US LLC Makes New $2.91 Million Investment in SunocoCorp LLC $SUNC

BTG Pactual Asset Management US LLC acquired a new position in SunocoCorp LLC (NYSE:SUNC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 42,940 shares of the company’s stock, valued at approximately $2,906,000. BTG Pactual Asset Management US LLC owned approximately 0.08% of SunocoCorp at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SUNC. Goldman Sachs Group Inc. acquired a new stake in SunocoCorp during the fourth quarter worth approximately $126,936,000. Millennium Management LLC bought a new position in shares of SunocoCorp during the 4th quarter worth approximately $76,886,000. Norges Bank bought a new position in shares of SunocoCorp during the 4th quarter worth approximately $74,696,000. Morgan Stanley acquired a new stake in shares of SunocoCorp during the 4th quarter worth approximately $73,776,000. Finally, Engine Capital Management LP acquired a new stake in shares of SunocoCorp during the 4th quarter worth approximately $67,976,000.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SUNC. Barclays boosted their target price on shares of SunocoCorp from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Citigroup lifted their price target on shares of SunocoCorp from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Raymond James Financial restated a “strong-buy” rating and issued a $80.00 target price on shares of SunocoCorp in a research note on Wednesday, May 6th. Zacks Research lowered SunocoCorp from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. Finally, Weiss Ratings initiated coverage on SunocoCorp in a report on Tuesday, August 11th. They set a “hold (c)” rating for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.00.

SunocoCorp Price Performance

SUNC opened at $76.39 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 1.60. The stock has a market cap of $3.94 billion and a P/E ratio of 26.43. The business’s fifty day moving average price is $72.79. SunocoCorp LLC has a 1 year low of $47.00 and a 1 year high of $78.85.

SunocoCorp (NYSE:SUNC) last announced its earnings results 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th were paid a $1.0023 dividend. This is a positive change from SunocoCorp’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, August 7th. This represents a $4.01 annualized dividend and a yield of 5.2%. SunocoCorp’s dividend payout ratio (DPR) is 138.41%.

About SunocoCorp

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