SunocoCorp (NYSE:SUNC) Reaches New 52-Week High – Here’s What Happened
by Renee Jackson · The Cerbat GemSunocoCorp LLC (NYSE:SUNC – Get Free Report)’s share price hit a new 52-week high on Monday . The company traded as high as $61.11 and last traded at $61.1450, with a volume of 332199 shares changing hands. The stock had previously closed at $60.23.
Analyst Ratings Changes
Several research firms have issued reports on SUNC. Raymond James Financial raised SunocoCorp from an “outperform” rating to a “strong-buy” rating and set a $70.00 price objective on the stock in a report on Monday, January 5th. Wall Street Zen upgraded SunocoCorp to a “hold” rating in a research report on Saturday, February 28th. Finally, Zacks Research lowered SunocoCorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.00.
Check Out Our Latest Report on SUNC
SunocoCorp Stock Performance
Institutional Investors Weigh In On SunocoCorp
Hedge funds and other institutional investors have recently made changes to their positions in the stock. MMCAP International Inc. SPC acquired a new stake in SunocoCorp in the 4th quarter valued at about $1,121,000. Gabelli Funds LLC acquired a new position in SunocoCorp during the fourth quarter worth approximately $320,000. iA Global Asset Management Inc. bought a new stake in SunocoCorp in the fourth quarter valued at approximately $30,104,000. Cardinal Point Capital Management ULC bought a new stake in SunocoCorp in the fourth quarter valued at approximately $10,061,000. Finally, Carlson Capital L.P. acquired a new stake in shares of SunocoCorp in the fourth quarter valued at approximately $739,000.
About SunocoCorp
Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.