Dockside LLC Buys New Position in SunocoCorp LLC $SUNC

Dockside LLC bought a new stake in shares of SunocoCorp LLC (NYSE:SUNC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,812 shares of the company’s stock, valued at approximately $582,000.

Several other large investors also recently added to or reduced their stakes in SUNC. QV Investors Inc. bought a new stake in SunocoCorp during the fourth quarter valued at approximately $58,528,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in SunocoCorp during the fourth quarter valued at approximately $606,000. TD Waterhouse Canada Inc. bought a new stake in SunocoCorp during the fourth quarter valued at approximately $949,000. Arizona State Retirement System bought a new stake in SunocoCorp during the fourth quarter valued at approximately $571,000. Finally, UBS Group AG bought a new stake in SunocoCorp during the fourth quarter valued at approximately $49,908,000.

Wall Street Analysts Forecast Growth

SUNC has been the subject of several recent research reports. Zacks Research lowered shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. 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 report on Thursday, May 14th. 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 report on Friday, May 8th. Raymond James Financial reiterated a “strong-buy” rating and issued a $80.00 price target on shares of SunocoCorp in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of SunocoCorp to a “hold” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $75.33.

SunocoCorp Stock Performance

SUNC stock opened at $66.51 on Monday. SunocoCorp LLC has a one year low of $47.00 and a one year high of $73.24. The stock has a fifty day moving average of $65.64. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 0.92. The stock has a market capitalization of $3.43 billion and a P/E ratio of 31.23.

SunocoCorp (NYSE:SUNC) last released its earnings results on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.66 by $0.47. The company had revenue of $10.69 billion during the quarter, compared to analysts’ expectations of $9.56 billion. On average, research analysts predict 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. Stockholders of record on Friday, May 8th were issued a $0.9899 dividend. This represents a $3.96 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Friday, May 8th. SunocoCorp’s payout ratio is 185.92%.

About SunocoCorp

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