Icon Advisers Inc. Co. reduced its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 18.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,300 shares of the oil and gas producer’s stock after selling 49,800 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Suncor Energy were worth $7,507,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. First Personal Financial Services raised its position in shares of Suncor Energy by 144.1% during the 2nd quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock valued at $112,000 after acquiring an additional 2,270 shares during the last quarter. Forward Management LLC bought a new stake in shares of Suncor Energy during the 3rd quarter valued at $154,000. UBS Asset Management Americas Inc. raised its position in shares of 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 valued at $136,000 after acquiring an additional 562 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Suncor Energy by 90.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,725 shares of the oil and gas producer’s stock valued at $124,000 after acquiring an additional 2,248 shares during the last quarter. Finally, Howland Capital Management LLC bought a new stake in shares of Suncor Energy during the 3rd quarter valued at $201,000. 65.61% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have commented 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 research report on Thursday, November 16th. Zacks Investment Research cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 20th. Wolfe Research raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, October 16th. Canaccord Genuity reaffirmed a “buy” rating and issued a $51.00 target price on shares of Suncor Energy in a research note on Monday, October 16th. Finally, Edward Jones raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. One analyst has rated the stock with a sell rating, five have assigned 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 up $0.27 during trading hours on Thursday, reaching $34.31. 2,203,056 shares of the company traded hands, compared to its average volume of 3,235,528. The firm has a market cap of $57,258.09, a P/E ratio of 29.83, a P/E/G ratio of 3.19 and a beta of 0.85. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.62. 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 released its quarterly earnings results on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.15. The firm had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.80 billion. Suncor Energy had a net margin of 11.63% and a return on equity of 5.68%. equities research analysts anticipate that Suncor Energy Inc. will post 1.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be issued a dividend of $0.251 per share. The ex-dividend date is Thursday, November 30th. This is a boost from Suncor Energy’s previous quarterly dividend of $0.19. This represents a $1.00 annualized dividend and a dividend yield of 2.93%. Suncor Energy’s dividend payout ratio (DPR) is currently 60.84%.
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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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