Claret Asset Management Corp Makes New Investment in SunocoCorp LLC $SUNC

Claret Asset Management Corp bought a new position in shares of SunocoCorp LLC (NYSE:SUNC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 200,081 shares of the company’s stock, valued at approximately $9,860,000. SunocoCorp makes up about 1.1% of Claret Asset Management Corp’s holdings, making the stock its 28th biggest holding. Claret Asset Management Corp owned 0.10% of SunocoCorp as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Danske Bank A S bought a new position in shares of SunocoCorp during the 4th quarter worth approximately $133,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of SunocoCorp during the 4th quarter worth approximately $312,000. Gabelli Funds LLC bought a new position in shares of SunocoCorp during the 4th quarter worth approximately $320,000. Pictet Asset Management Holding SA bought a new position in shares of SunocoCorp during the 4th quarter worth approximately $327,000. Finally, Arizona State Retirement System bought a new position in shares of SunocoCorp during the 4th quarter worth approximately $571,000.

SunocoCorp Stock Down 0.8%

NYSE:SUNC opened at $66.39 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. The business has a 50 day moving average of $65.31. SunocoCorp LLC has a 12 month low of $47.00 and a 12 month high of $73.24.

SunocoCorp (NYSE:SUNC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.47. The company had revenue of $10.69 billion during the quarter, compared to the consensus estimate of $9.56 billion. As a group, equities research analysts anticipate that SunocoCorp LLC will post 6.88 earnings per share for the current year.

SunocoCorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were issued a $0.9899 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Friday, May 8th.

Wall Street Analysts Forecast Growth

Several research firms have commented on SUNC. Zacks Research cut shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Barclays lifted their price target on shares of SunocoCorp from $63.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Wall Street Zen raised shares of SunocoCorp to a “hold” rating in a report on Saturday, February 28th. Citigroup lifted their price target on shares of SunocoCorp from $65.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $80.00 price target on shares of SunocoCorp in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.33.

SunocoCorp Profile

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