SunocoCorp (NYSE:SUNC) Releases Quarterly Earnings Results, Beats Estimates By $0.47 EPS

SunocoCorp (NYSE:SUNC) issued its quarterly earnings results on Tuesday. The company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.47, Zacks reports.

SunocoCorp Stock Performance

Shares of NYSE SUNC traded up $1.01 during mid-day trading on Tuesday, hitting $67.45. The company had a trading volume of 220,699 shares, compared to its average volume of 514,535. SunocoCorp has a 1 year low of $47.00 and a 1 year high of $67.33. The business’s 50-day simple moving average is $61.39.

SunocoCorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th will be issued a $0.9899 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, May 8th.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SUNC shares. Zacks Research cut SunocoCorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Raymond James Financial upgraded SunocoCorp from an “outperform” rating to a “strong-buy” rating and set a $70.00 price objective on the stock in a research note on Monday, January 5th. Finally, Wall Street Zen raised SunocoCorp to a “hold” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $64.00.

Institutional Trading of SunocoCorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can bought a new position in SunocoCorp in the 4th quarter worth about $1,571,000. State of Wisconsin Investment Board bought a new position in shares of SunocoCorp in the 4th quarter worth $1,487,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of SunocoCorp in the 4th quarter worth $1,452,000. Susquehanna Advisors Group Inc. purchased a new stake in shares of SunocoCorp during the 4th quarter valued at $1,186,000. Finally, Janus Henderson Group PLC bought a new stake in shares of SunocoCorp during the 4th quarter worth $887,000.

SunocoCorp Company Profile

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