Cerity Partners LLC boosted its stake in shares of Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU) by 5.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,996 shares of the oil and gas producer’s stock after buying an additional 677 shares during the period. Cerity Partners LLC’s holdings in Suncor Energy were worth $435,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arlington Partners LLC acquired a new position in Suncor Energy during the first quarter worth $26,000. Delta Asset Management LLC TN acquired a new position in shares of Suncor Energy in the 4th quarter valued at $31,000. Allworth Financial LP lifted its stake in shares of Suncor Energy by 32.5% in the 1st quarter. Allworth Financial LP now owns 1,443 shares of the oil and gas producer’s stock valued at $45,000 after purchasing an additional 354 shares during the last quarter. CoreCap Advisors LLC acquired a new position in shares of Suncor Energy in the 4th quarter valued at $48,000. Finally, CENTRAL TRUST Co lifted its stake in shares of Suncor Energy by 122.2% in the 3rd quarter. CENTRAL TRUST Co now owns 2,000 shares of the oil and gas producer’s stock valued at $56,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 60.25% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. BMO Capital Markets lowered Suncor Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 13th. UBS Group initiated coverage on Suncor Energy in a research note on Wednesday, July 12th. They issued a “buy” rating on the stock. Wells Fargo & Company upgraded Suncor Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $44.00 to $54.00 in a report on Wednesday, August 23rd. Finally, StockNews.com initiated coverage on Suncor Energy in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $53.67.
Suncor Energy Price Performance
Shares of NYSE SU opened at $34.45 on Thursday. The stock’s 50-day moving average is $31.12 and its two-hundred day moving average is $30.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 0.76. Suncor Energy Inc. has a 1-year low of $26.42 and a 1-year high of $37.23. The company has a market cap of $44.82 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 0.81 and a beta of 1.27.
Suncor Energy (NYSE:SU – Get Free Report) (TSE:SU) last issued its quarterly earnings results on Monday, August 14th. The oil and gas producer reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.12. Suncor Energy had a return on equity of 20.19% and a net margin of 11.30%. The company had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $7.89 billion. Analysts forecast that Suncor Energy Inc. will post 3.56 EPS for the current fiscal year.
Suncor Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 1st will be given a dividend of $0.393 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.38. This represents a $1.57 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Thursday, August 31st. Suncor Energy’s dividend payout ratio is currently 46.59%.
Suncor Energy Profile
Suncor Energy Inc operates as an integrated energy company in Canada and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products. This segment also engages in syncrude oil sands mining and upgrading operations; and marketing, supply, transportation, and risk management of crude oil, natural gas, power, and byproducts.
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