Bank of America Corp DE trimmed its position in SunocoCorp LLC (NYSE:SUNC - Free Report) by 55.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,600,757 shares of the company's stock after selling 1,978,525 shares during the quarter. Bank of America Corp DE owned about 3.11% of SunocoCorp worth $98,687,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of SUNC. Caitong International Asset Management Co. Ltd acquired a new position in SunocoCorp during the fourth quarter worth $43,000. Deutsche Bank AG purchased a new stake in SunocoCorp during the 4th quarter valued at about $92,000. SG Americas Securities LLC purchased a new stake in SunocoCorp during the 1st quarter valued at about $112,000. Danske Bank A S acquired a new stake in SunocoCorp in the 4th quarter valued at about $133,000. Finally, State of Wyoming acquired a new stake in SunocoCorp in the 1st quarter valued at about $164,000.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on SUNC shares. Mizuho began coverage on shares of SunocoCorp in a research note on Friday, July 24th. They issued an "outperform" rating and a $83.00 price target on the stock. Citigroup boosted their target price on SunocoCorp from $73.00 to $81.00 and gave the company a "buy" rating in a research report on Friday. Raymond James Financial restated a "strong-buy" rating and set a $80.00 price target on shares of SunocoCorp in a research report on Wednesday, May 6th. Barclays lifted their price objective on SunocoCorp from $78.00 to $80.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Zacks Research downgraded SunocoCorp from a "hold" rating to a "strong sell" rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $81.00.
Get Our Latest Stock Analysis on SUNC
SunocoCorp Price Performance
Shares of SUNC opened at $70.46 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 1.40. SunocoCorp LLC has a 1-year low of $47.00 and a 1-year high of $77.57. The stock has a market cap of $3.63 billion and a PE ratio of 33.08. The stock's 50 day simple moving average is $69.63.
SunocoCorp (NYSE:SUNC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.76 earnings per share for the quarter. The business had revenue of $14.26 billion for the quarter.
SunocoCorp Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th will be given a $1.0023 dividend. This is a positive change from SunocoCorp's previous quarterly dividend of $0.99. The ex-dividend date is Friday, August 7th. This represents a $4.01 annualized dividend and a yield of 5.7%. SunocoCorp's payout ratio is currently 185.92%.
SunocoCorp Company Profile
(
Free Report)
Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.
See Also
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider SunocoCorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SunocoCorp wasn't on the list.
While SunocoCorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
