24,273 Shares in SunocoCorp LLC $SUNC Bought by OP Asset Management Ltd

OP Asset Management Ltd bought a new position in SunocoCorp LLC (NYSE:SUNC) in the first quarter, HoldingsChannel reports. The fund bought 24,273 shares of the company’s stock, valued at approximately $1,496,000.

Several other large investors have also recently bought and sold shares of SUNC. Caitong International Asset Management Co. Ltd bought a new stake in shares of SunocoCorp during the fourth quarter worth about $43,000. SG Americas Securities LLC bought a new position in SunocoCorp in the 1st quarter valued at approximately $112,000. Deutsche Bank AG bought a new position in SunocoCorp in the 4th quarter valued at approximately $92,000. Danske Bank A S acquired a new stake in SunocoCorp during the 4th quarter worth approximately $133,000. Finally, Commonwealth Equity Services LLC acquired a new stake in SunocoCorp during the 4th quarter worth approximately $272,000.

SunocoCorp Stock Up 1.9%

Shares of SUNC stock opened at $68.29 on Tuesday. The firm has a market cap of $3.52 billion and a P/E ratio of 32.06. SunocoCorp LLC has a 52 week low of $47.00 and a 52 week high of $73.24. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. The stock’s 50 day moving average is $66.32.

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

SunocoCorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were paid a $0.9899 dividend. This represents a $3.96 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Friday, May 8th. SunocoCorp’s payout ratio is 185.92%.

Analyst Ratings Changes

SUNC has been the subject of several recent research reports. Barclays upped their price target on shares of SunocoCorp from $63.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Zacks Research upgraded SunocoCorp from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $80.00 target price on shares of SunocoCorp in a report on Wednesday, May 6th. Finally, Citigroup increased their price target on SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $75.33.

About SunocoCorp

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