Advisors Asset Management Inc. raised its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 37.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,106 shares of the oil and gas producer’s stock after acquiring an additional 41,705 shares during the period. Advisors Asset Management Inc.’s holdings in Suncor Energy were worth $5,328,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in SU. First Personal Financial Services grew its holdings in shares of Suncor Energy by 144.1% in the second quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock valued at $112,000 after purchasing an additional 2,270 shares in the last quarter. Forward Management LLC acquired a new position in shares of Suncor Energy in the third quarter valued at approximately $154,000. UBS Asset Management Americas Inc. grew its holdings in shares of Suncor Energy by 13.7% in the second quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock valued at $136,000 after purchasing an additional 562 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Suncor Energy by 90.8% in the second quarter. Quadrant Capital Group LLC now owns 4,725 shares of the oil and gas producer’s stock valued at $124,000 after purchasing an additional 2,248 shares in the last quarter. Finally, Howland Capital Management LLC acquired a new position in shares of Suncor Energy in the third quarter valued at approximately $201,000. Institutional investors and hedge funds own 65.61% of the company’s stock.
A number of brokerages recently weighed in on SU. TD Securities cut shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a report on Thursday, November 16th. Zacks Investment Research downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. Wolfe Research upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, October 16th. Canaccord Genuity reiterated a “buy” rating and issued a $51.00 price target on shares of Suncor Energy in a research note on Monday, October 16th. Finally, Edward Jones upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $43.14.
Shares of Suncor Energy Inc. (NYSE:SU) traded down $0.56 during trading hours on Wednesday, hitting $34.04. 2,934,750 shares of the stock traded hands, compared to its average volume of 3,239,921. The stock has a market cap of $57,009.86, a P/E ratio of 29.70, a PEG ratio of 3.21 and a beta of 0.85. The company has a quick ratio of 0.62, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. Suncor Energy Inc. has a twelve month low of $27.96 and a twelve month high of $36.71.
Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.15. The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.80 billion. Suncor Energy had a net margin of 11.63% and a return on equity of 5.68%. equities research analysts expect that Suncor Energy Inc. will post 1.26 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be given a $0.251 dividend. This is an increase from Suncor Energy’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.00 annualized dividend and a yield of 2.95%. Suncor Energy’s dividend payout ratio is 60.84%.
About Suncor Energy
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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