Cypress Capital Group Makes New Investment in SunocoCorp LLC $SUNC

Cypress Capital Group bought a new position in SunocoCorp LLC (NYSE:SUNC) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,727 shares of the company’s stock, valued at approximately $661,000.

A number of other institutional investors have also made changes to their positions in the company. QV Investors Inc. acquired a new position in SunocoCorp in the fourth quarter worth $58,528,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in SunocoCorp during the fourth quarter valued at $606,000. UBS Group AG acquired a new stake in shares of SunocoCorp during the fourth quarter worth $49,908,000. Truist Financial Corp acquired a new stake in shares of SunocoCorp during the fourth quarter worth $2,004,000. Finally, Miller Howard Investments Inc. NY acquired a new stake in shares of SunocoCorp during the first quarter worth $5,463,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SUNC shares. Citigroup lifted their price target on shares of SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a report on Friday, May 8th. Mizuho initiated coverage on shares of SunocoCorp in a research note on Friday. They set an “outperform” rating and a $83.00 price objective on the stock. Raymond James Financial reissued a “strong-buy” rating and issued a $80.00 target price on shares of SunocoCorp in a report on Wednesday, May 6th. Barclays lifted their target price on SunocoCorp from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Finally, Zacks Research raised SunocoCorp from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $78.50.

SunocoCorp Stock Performance

NYSE:SUNC opened at $76.30 on Monday. SunocoCorp LLC has a 1 year low of $47.00 and a 1 year high of $77.55. The company has a market capitalization of $3.93 billion and a PE ratio of 35.82. The stock has a fifty day simple moving average of $68.63. 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 (NYSE:SUNC) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.47. The company had revenue of $10.69 billion for the quarter, compared to the consensus estimate of $9.56 billion. On average, equities research analysts predict that SunocoCorp LLC will post 6.88 EPS for the current year.

About SunocoCorp

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