SunocoCorp LLC (NYSE:SUNC) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on SunocoCorp, with three buy ratings, one strong buy, one hold, and one sell. The average 12-month price target is $81.00.
• SunocoCorp reported quarterly earnings of $0.76 per share on $14.26 billion in revenue, while shares opened at $81.35 and traded near their 52-week high of $83.50.
• The company raised its quarterly dividend to $1.0023, equivalent to an annualized $4.01 payout and a 4.9% dividend yield, though its payout ratio stands at 138.41%.

SunocoCorp LLC (NYSE:SUNC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $81.00.

Several research firms recently commented on SUNC. Barclays upped their price objective on SunocoCorp from $78.00 to $80.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Weiss Ratings initiated coverage on SunocoCorp in a research note on Tuesday, August 11th. They issued a "hold (c)" rating on the stock. Citigroup upped their price target on SunocoCorp from $73.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Mizuho started coverage on SunocoCorp in a research note on Friday, July 24th. They set an "outperform" rating and a $83.00 price target for the company. Finally, Zacks Research lowered SunocoCorp from a "hold" rating to a "strong sell" rating in a report on Friday, July 24th.

SunocoCorp Stock Performance

Shares of SUNC stock opened at $81.35 on Friday. The company has a market capitalization of $4.19 billion and a price-to-earnings ratio of 28.15. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 1.60. SunocoCorp has a 52 week low of $47.00 and a 52 week high of $83.50. The stock has a 50-day moving average of $75.47.

SunocoCorp (NYSE:SUNC - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.76 earnings per share for the quarter. The company had revenue of $14.26 billion for the quarter.

SunocoCorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th were paid a $1.0023 dividend. The ex-dividend date was Friday, August 7th. This is a positive change from SunocoCorp's previous quarterly dividend of $0.99. This represents a $4.01 annualized dividend and a dividend yield of 4.9%. SunocoCorp's dividend payout ratio is 138.41%.

Institutional Trading of SunocoCorp

A number of institutional investors have recently modified their holdings of SUNC. Caitong International Asset Management Co. Ltd purchased a new position in SunocoCorp in the 4th quarter valued at approximately $43,000. SG Americas Securities LLC purchased a new stake in shares of SunocoCorp during the first quarter worth $112,000. Deutsche Bank AG purchased a new stake in shares of SunocoCorp during the fourth quarter worth $92,000. State of Wyoming bought a new position in shares of SunocoCorp in the first quarter worth $164,000. Finally, Lombard Odier Asset Management USA Corp bought a new position in shares of SunocoCorp in the first quarter worth $254,000.

SunocoCorp Company Profile

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.