SunocoCorp (NYSE:SUNC) Hits New 12-Month High - Still a Buy?

Key Points

• SunocoCorp shares reached a new 52-week high of $78.85 and last traded near $77.76, giving the company a market capitalization of approximately $3.99 billion.
• Analyst views are mixed, but the overall consensus is “Moderate Buy” with an average price target of $81.00; targets range from $80 to $83, alongside one hold and one strong-sell rating.
• The company reported quarterly EPS of $0.76 on $14.26 billion in revenue and raised its quarterly dividend to $1.0023 per share, equivalent to a 5.2% annualized yield, though its payout ratio is high at 138.75%.

Shares of SunocoCorp LLC (NYSE:SUNC - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $78.85 and last traded at $77.7610, with a volume of 21339 shares traded. The stock had previously closed at $77.70.

Analysts Set New Price Targets

Several analysts have weighed in on SUNC shares. Raymond James Financial reiterated a "strong-buy" rating and set a $80.00 price target on shares of SunocoCorp in a research note on Wednesday, May 6th. Mizuho assumed coverage on SunocoCorp in a report on Friday, July 24th. They issued an "outperform" rating and a $83.00 price objective on the stock. Weiss Ratings started coverage on SunocoCorp in a research note on Tuesday, August 11th. They issued a "hold (c)" rating for the company. Zacks Research downgraded SunocoCorp from a "hold" rating to a "strong sell" rating in a report on Friday, July 24th. Finally, Citigroup raised their price target on shares of SunocoCorp from $73.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $81.00.

SunocoCorp Trading Down 0.3%

The company has a debt-to-equity ratio of 1.60, a current ratio of 1.29 and a quick ratio of 0.83. The stock has a market capitalization of $3.99 billion and a PE ratio of 26.78. The company's fifty day moving average is $73.09.

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

SunocoCorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th were paid a dividend of $1.0023 per share. This represents a $4.01 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, August 7th. This is an increase from SunocoCorp's previous quarterly dividend of $0.99. SunocoCorp's dividend payout ratio is currently 138.75%.

Hedge Funds Weigh In On SunocoCorp

Several institutional investors and hedge funds have recently modified their holdings of SUNC. Caitong International Asset Management Co. Ltd purchased a new position in SunocoCorp during the fourth quarter worth approximately $43,000. Deutsche Bank AG acquired a new stake in SunocoCorp in the fourth quarter valued at approximately $92,000. SG Americas Securities LLC purchased a new stake in shares of SunocoCorp in the first quarter valued at approximately $112,000. Danske Bank A S acquired a new position in shares of SunocoCorp during the 4th quarter worth approximately $133,000. Finally, State of Wyoming acquired a new position in shares of SunocoCorp during the 1st quarter worth approximately $164,000.

SunocoCorp Company Profile

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

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