Wasatch Advisors Inc. boosted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 38.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,304 shares of the oil and gas producer’s stock after acquiring an additional 59,568 shares during the quarter. Wasatch Advisors Inc.’s holdings in Suncor Energy were worth $7,833,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of SU. Alliancebernstein L.P. boosted its stake in shares of Suncor Energy by 21.4% in the 2nd quarter. Alliancebernstein L.P. now owns 324,328 shares of the oil and gas producer’s stock valued at $9,470,000 after purchasing an additional 57,176 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Suncor Energy by 9.7% in the 2nd quarter. Nationwide Fund Advisors now owns 119,191 shares of the oil and gas producer’s stock valued at $3,480,000 after purchasing an additional 10,540 shares in the last quarter. BlackRock Inc. boosted its position in Suncor Energy by 3.6% during the 2nd quarter. BlackRock Inc. now owns 24,405,196 shares of the oil and gas producer’s stock worth $712,632,000 after buying an additional 848,549 shares during the period. Stevens Capital Management LP acquired a new stake in Suncor Energy during the 2nd quarter worth approximately $1,291,000. Finally, UBS Asset Management Americas Inc. boosted its position in Suncor Energy by 13.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock worth $136,000 after buying an additional 562 shares during the period. 65.76% of the stock is currently owned by institutional investors.
Several research firms recently commented on SU. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday. JPMorgan Chase & Co. upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating in a report on Friday. Piper Jaffray Companies set a $46.00 price objective on shares of Suncor Energy and gave the company a “buy” rating in a research note on Friday. Canaccord Genuity reiterated a “buy” rating and issued a $51.00 price objective on shares of Suncor Energy in a research note on Monday, October 16th. Finally, Zacks Investment Research lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $46.67.
Shares of Suncor Energy Inc. (NYSE SU) traded up $0.90 during trading on Friday, reaching $33.68. The company had a trading volume of 9,337,877 shares, compared to its average volume of 3,180,000. Suncor Energy Inc. has a fifty-two week low of $27.96 and a fifty-two week high of $38.39. The company has a market cap of $55,650.00, a PE ratio of 15.81, a P/E/G ratio of 2.47 and a beta of 0.80. The company has a quick ratio of 0.62, a current ratio of 0.91 and a debt-to-equity ratio of 0.27.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 5th will be given a dividend of $0.286 per share. The ex-dividend date of this dividend is Friday, March 2nd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.25. This represents a $1.14 annualized dividend and a dividend yield of 3.40%. Suncor Energy’s dividend payout ratio is currently 47.42%.
Suncor Energy Company Profile
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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