CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Cuts SUNC Stake by $3.7M
Key Points
- Cushing Asset Management cut its position in SunocoCorp by 50,000 shares, valued at approximately $3.66 million.
- CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT held 356,000 $SUNC shares at quarter end, down 12.32% from the prior quarter.
- The fund's stake now represents 1.84% of its total reported value of about $1.42 billion.
- SunocoCorp shares recently traded around $74.15, which is below its 50-day moving average by about 2.9%.
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Cushing Asset Management, LP dba NXG Investment Management reduced its stake in SunocoCorp LLC (SUNC) by 50,000 shares, valued at approximately $3.66 million, in a filing on October 26, 2026. The fund now holds 356,000 shares of SunocoCorp, which represents a 12.3% decrease from its prior position of 406,000 shares.
SUNC
SunocoCorp LLC
Where SunocoCorp Fits in Cushing Asset Management's Portfolio
This position makes up 1.84% of Cushing's total reported value of about $1.42 billion, ranking it 20th among the fund's 73 holdings.
Other Institutional Activity in SunocoCorp
Blackstone Inc reduced its holdings by 63,587 shares, ending with 3,008,259 shares worth about $223.1 million. Two Sigma Investments, LP increased its position by 563,761 shares, bringing its total to 1,854,718 shares valued at approximately $137.5 million. Neuberger Berman Group, LLC added 128,241 shares, now holding 1,466,877 shares worth about $108.8 million.
SunocoCorp LLC Stock Up 0.4%
SunocoCorp shares recently traded around $74.15, which is below the 50-day moving average of $76.33 by about 2.9%. The stock is also about 11.2% below its 52-week high of $83.50.
Recent Earnings
SunocoCorp reported trailing-twelve-month revenue of approximately $39.58 billion and an EPS of $2.78.
Insider Buying and Selling at SunocoCorp LLC
Recently, CEO Joseph Kim bought 6,000 shares at an average price of $48.97 on November 10, 2025, totaling about $293,844. Director Michael Christian Jennings purchased 3,000 shares on November 17, 2025, valued at $149,037, and another 1,000 shares at $52.00 on November 26, 2025, for a total of $52,000.
Analysts Set New Price Targets
On July 14, 2026, Barclays maintained its Overweight rating on SunocoCorp with a price target of $78.00, up from $75.00. Mizuho initiated an Outperform rating on July 24, 2026, with a target of $83.00. The consensus rating is a strong buy with a mean target price of $84.25 based on four analyst opinions.
About SunocoCorp
SunocoCorp LLC focuses on energy infrastructure and motor fuel distribution across North America and beyond. It operates a vast pipeline network and distributes fuel to various retail and commercial customers, making it a key player in the oil and gas midstream sector.
Bottom Line
Investors should keep an eye on Cushing Asset Management's future filings and SunocoCorp's upcoming earnings report. The fund's recent changes highlight shifting strategies in its portfolio, reflecting broader market trends.
Related Filing Alerts
Source: CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT's 13F filing on $SUNC (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts