SunocoCorp LLC (NYSE:SUNC) Stock Has Consensus Price Target of $81.00 According to Brokerages

Shares of SunocoCorp LLC (NYSE:SUNC) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $81.00.

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

Hedge Funds Weigh In On SunocoCorp

Several large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new stake in SunocoCorp during the fourth quarter worth $43,000. SG Americas Securities LLC purchased a new stake in SunocoCorp in the 1st quarter valued at $112,000. State of Wyoming purchased a new stake in SunocoCorp in the 1st quarter valued at $164,000. Lombard Odier Asset Management USA Corp purchased a new stake in SunocoCorp in the 1st quarter valued at $254,000. Finally, Sei Investments Co. purchased a new stake in SunocoCorp in the 1st quarter valued at $274,000.

SunocoCorp Stock Up 0.8%

Shares of NYSE SUNC opened at $75.42 on Wednesday. SunocoCorp has a 12-month low of $47.00 and a 12-month high of $83.50. The company’s fifty day simple moving average is $76.63 and its 200 day simple moving average is $70.59. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.29 and a quick ratio of 0.83.

SunocoCorp (NYSE:SUNC) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.76 EPS for the quarter. The company had revenue of $14.26 billion during the quarter.

SunocoCorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th were issued a dividend of $1.0023 per share. This is an increase from SunocoCorp’s previous quarterly dividend of $0.9899. This represents a $4.01 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Friday, August 7th. SunocoCorp’s dividend payout ratio is 138.75%.

SunocoCorp Company Profile

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