Vestcor Inc Makes New $1.15 Million Investment in SunocoCorp LLC $SUNC

Vestcor Inc bought a new position in SunocoCorp LLC (NYSE:SUNC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,362 shares of the company’s stock, valued at approximately $1,151,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. bought a new stake in SunocoCorp in the fourth quarter worth approximately $126,936,000. Norges Bank bought a new stake in SunocoCorp in the fourth quarter worth approximately $74,696,000. QV Investors Inc. bought a new stake in SunocoCorp in the fourth quarter worth approximately $58,528,000. UBS Group AG bought a new stake in SunocoCorp in the fourth quarter worth approximately $49,908,000. Finally, iA Global Asset Management Inc. bought a new stake in SunocoCorp in the fourth quarter worth approximately $30,104,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SUNC shares. Citigroup lifted their target price on SunocoCorp from $65.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Wall Street Zen upgraded SunocoCorp to a “hold” rating in a report on Saturday, February 28th. Zacks Research downgraded SunocoCorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Raymond James Financial restated a “strong-buy” rating and set a $80.00 price objective on shares of SunocoCorp in a report on Wednesday, May 6th. Finally, Barclays boosted their price objective on SunocoCorp from $63.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.33.

SunocoCorp Stock Down 0.8%

Shares of NYSE:SUNC opened at $66.39 on Tuesday. 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 12-month low of $47.00 and a 12-month high of $73.24. The firm’s 50 day moving average is $65.31.

SunocoCorp (NYSE:SUNC) last announced its earnings results on Tuesday, May 5th. The company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.47. The company had revenue of $10.69 billion for the quarter, compared to analysts’ expectations of $9.56 billion. Analysts forecast that SunocoCorp LLC will post 6.88 EPS for the current fiscal year.

SunocoCorp Announces Dividend

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

SunocoCorp Profile

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