Cibc World Market Inc. Makes New Investment in SunocoCorp LLC $SUNC

Cibc World Market 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 157,761 shares of the company’s stock, valued at approximately $7,774,000. Cibc World Market Inc. owned approximately 0.08% of SunocoCorp as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Danske Bank A S purchased a new stake in shares of SunocoCorp during the fourth quarter worth about $133,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of SunocoCorp during the fourth quarter worth about $312,000. Gabelli Funds LLC purchased a new stake in shares of SunocoCorp during the fourth quarter worth about $320,000. Pictet Asset Management Holding SA purchased a new stake in shares of SunocoCorp during the fourth quarter worth about $327,000. Finally, Arizona State Retirement System purchased a new stake in shares of SunocoCorp during the fourth quarter worth about $571,000.

Wall Street Analyst Weigh In

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

SunocoCorp Stock Performance

Shares of NYSE SUNC opened at $66.77 on Friday. The firm has a 50 day moving average price of $65.24. SunocoCorp LLC has a 52 week low of $47.00 and a 52 week high of $73.24.

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

SunocoCorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were given a $0.9899 dividend. The ex-dividend date was Friday, May 8th. This represents a $3.96 dividend on an annualized basis and a yield of 5.9%.

SunocoCorp Profile

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