SIR Capital Management L.P. Acquires Shares of 384,079 SunocoCorp LLC $SUNC

SIR Capital Management L.P. acquired a new stake in SunocoCorp LLC (NYSE:SUNC) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 384,079 shares of the company’s stock, valued at approximately $18,927,000. SunocoCorp makes up 2.1% of SIR Capital Management L.P.’s portfolio, making the stock its 15th biggest position.

Several other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new position in SunocoCorp in the 4th quarter valued at $126,936,000. Norges Bank acquired a new position in shares of SunocoCorp during the 4th quarter worth $74,696,000. QV Investors Inc. acquired a new position in shares of SunocoCorp during the 4th quarter worth $58,528,000. UBS Group AG acquired a new position in shares of SunocoCorp during the 4th quarter worth $49,908,000. Finally, Dimensional Fund Advisors LP acquired a new position in shares of SunocoCorp during the 4th quarter worth $42,838,000.

Wall Street Analyst Weigh In

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

SunocoCorp Stock Up 1.2%

NYSE:SUNC opened at $66.51 on Friday. 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 fifty-two week low of $47.00 and a fifty-two week high of $73.24. The firm has a market cap of $3.43 billion and a PE ratio of 31.23. The stock’s fifty day moving average is $65.64.

SunocoCorp (NYSE:SUNC) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.47. The business had revenue of $10.69 billion during the quarter, compared to analyst estimates of $9.56 billion. Equities analysts anticipate that SunocoCorp LLC will post 6.88 earnings per share for the current year.

SunocoCorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were paid a $0.9899 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Friday, May 8th. SunocoCorp’s dividend payout ratio is presently 185.92%.

SunocoCorp Company Profile

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