Key Points
- Director David Skidmore purchased 1,500 SunocoCorp shares for $94,125, or $62.75 per share, according to an SEC filing. The purchase established his reported 1,500-share position.
- SunocoCorp reported quarterly earnings of $1.55 per share on revenue of $18.03 billion and raised its quarterly dividend to $1.0148 per share, equivalent to a 6.4% annualized yield. The article reports a payout ratio of 140.14%.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $81.75; shares opened at $63.00 in the trading session described.
SunocoCorp LLC (TXSE:SUNC - Get Free Report) Director David Skidmore bought 1,500 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was bought at an average price of $62.75 per share, with a total value of $94,125.00. Following the completion of the acquisition, the director owned 1,500 shares of the company's stock, valued at $94,125. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
SunocoCorp Stock Performance
Shares of SUNC stock opened at $63.00 on Wednesday. SunocoCorp LLC has a one year low of $47.00 and a one year high of $83.50. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.83 and a current ratio of 1.29. The company has a 50 day moving average price of $74.27 and a 200 day moving average price of $69.40. The firm has a market capitalization of $3.25 billion and a price-to-earnings ratio of 21.80.
SunocoCorp (TXSE:SUNC - Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $1.55 earnings per share for the quarter. The company had revenue of $18.03 billion for the quarter.
SunocoCorp Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Friday, November 6th will be issued a dividend of $1.0148 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Friday, November 6th. This is a positive change from SunocoCorp's previous quarterly dividend of $1.0023. SunocoCorp's payout ratio is currently 140.14%.
Analyst Upgrades and Downgrades
SUNC has been the topic of several research reports. Citigroup increased their target price on SunocoCorp from $73.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Mizuho assumed coverage on SunocoCorp in a report on Friday, July 24th. They issued an "outperform" rating and a $83.00 target price on the stock. Barclays reissued an "overweight" rating and set a $83.00 price target on shares of SunocoCorp in a research report on Thursday, October 15th. Zacks Research lowered SunocoCorp from a "hold" rating to a "strong sell" rating in a research note on Friday, July 24th. Finally, Weiss Ratings initiated coverage on SunocoCorp in a report on Tuesday, August 11th. They issued a "hold (c)" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, SunocoCorp currently has a consensus rating of "Moderate Buy" and an average target price of $81.75.
Get Our Latest Research Report on SunocoCorp
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its stake in SunocoCorp by 147.1% during the third quarter. Nisa Investment Advisors LLC now owns 1,490 shares of the company's stock worth $109,000 after buying an additional 887 shares during the period. State of Wyoming purchased a new position in shares of SunocoCorp in the 3rd quarter valued at $67,000. Walnut Private Equity Partners LLC raised its stake in shares of SunocoCorp by 11.8% in the 2nd quarter. Walnut Private Equity Partners LLC now owns 9,500 shares of the company's stock valued at $643,000 after acquiring an additional 1,000 shares during the period. Fifth Third Bancorp raised its stake in shares of SunocoCorp by 1,498.7% in the 3rd quarter. Fifth Third Bancorp now owns 1,199 shares of the company's stock valued at $88,000 after acquiring an additional 1,124 shares during the period. Finally, Waverly Advisors LLC lifted its holdings in shares of SunocoCorp by 1.4% during the 1st quarter. Waverly Advisors LLC now owns 95,419 shares of the company's stock valued at $5,883,000 after acquiring an additional 1,324 shares in the last quarter.
About SunocoCorp
(
Get Free Report)
Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.
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