SunocoCorp (TXSE:SUNC) Director David Skidmore Acquires 1,500 Shares of Company Stock

Key Points

• Director David Skidmore bought 1,500 SunocoCorp shares for $94,125, at an average price of $62.75, and owned 1,500 shares after the purchase.
• SunocoCorp raised its quarterly dividend to $1.0148 per share, equivalent to an annualized $4.06 and a reported 6.4% yield. Its payout ratio is 140.14%.
• Shares traded at $63.00 in mid-day trading, while analysts’ consensus rating was “Moderate Buy” with an $81.75 price target.

SunocoCorp LLC (TXSE:SUNC - Get Free Report) Director David Skidmore purchased 1,500 shares of SunocoCorp stock in a transaction dated Friday, November 6th. The shares were bought at an average price of $62.75 per share, with a total value of $94,125.00. Following the completion of the transaction, the director owned 1,500 shares in the company, valued at approximately $94,125. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

SunocoCorp Price Performance

Shares of SUNC traded up $1.95 during mid-day trading on Tuesday, reaching $63.00. 299,610 shares of the company's stock were exchanged, compared to its average volume of 501,395. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 1.60. SunocoCorp LLC has a 52-week low of $47.00 and a 52-week high of $83.50. The company has a 50-day simple moving average of $74.56 and a two-hundred day simple moving average of $69.43. The company has a market cap of $3.25 billion and a price-to-earnings ratio of 21.80.

SunocoCorp (TXSE:SUNC - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $1.55 earnings per share for the quarter. The business had revenue of $18.03 billion during the quarter.

SunocoCorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Friday, November 6th will be given a dividend of $1.0148 per share. This is a positive change from SunocoCorp's previous quarterly dividend of $1.0023. The ex-dividend date of this dividend is Friday, November 6th. This represents a $4.06 dividend on an annualized basis and a yield of 6.4%. SunocoCorp's dividend payout ratio is currently 140.14%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SUNC shares. Mizuho began coverage on shares of SunocoCorp in a research report on Friday, July 24th. They set an "outperform" rating and a $83.00 price objective for the company. Weiss Ratings began coverage on SunocoCorp in a research report on Tuesday, August 11th. They set a "hold (c)" rating on the stock. Citigroup increased their target price 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. Zacks Research cut SunocoCorp from a "hold" rating to a "strong sell" rating in a research note on Friday, July 24th. Finally, Barclays restated an "overweight" rating and issued a $83.00 target price on shares of SunocoCorp in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.75.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. State of Wyoming bought a new stake in SunocoCorp during the 3rd quarter worth about $67,000. Fifth Third Bancorp lifted its stake in shares of SunocoCorp by 1,498.7% in the 3rd quarter. Fifth Third Bancorp now owns 1,199 shares of the company's stock valued at $88,000 after purchasing an additional 1,124 shares during the period. Nisa Investment Advisors LLC boosted its holdings in SunocoCorp by 147.1% during the third quarter. Nisa Investment Advisors LLC now owns 1,490 shares of the company's stock worth $109,000 after buying an additional 887 shares during the last quarter. SG Americas Securities LLC bought a new position in SunocoCorp during the 1st quarter worth approximately $112,000. Finally, Lombard Odier Asset Management USA Corp acquired a new position in shares of SunocoCorp in the 1st quarter valued at $254,000.

About SunocoCorp

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

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