Castlekeep Investment Advisors LLC purchased a new stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,846 shares of the oil and gas producer's stock, valued at approximately $423,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of SU. World Investment Advisors LLC lifted its position in Suncor Energy by 5.9% in the third quarter. World Investment Advisors LLC now owns 15,641 shares of the oil and gas producer's stock worth $577,000 after purchasing an additional 865 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Suncor Energy during the 3rd quarter valued at about $104,000. Tidal Investments LLC increased its stake in Suncor Energy by 59.6% in the third quarter. Tidal Investments LLC now owns 21,971 shares of the oil and gas producer's stock valued at $811,000 after acquiring an additional 8,207 shares during the period. Franklin Resources Inc. raised its position in Suncor Energy by 0.8% in the third quarter. Franklin Resources Inc. now owns 3,619,354 shares of the oil and gas producer's stock worth $146,948,000 after purchasing an additional 29,014 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Suncor Energy by 23.0% during the third quarter. Principal Financial Group Inc. now owns 6,939,573 shares of the oil and gas producer's stock worth $256,429,000 after purchasing an additional 1,296,142 shares during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.
Suncor Energy Trading Up 2.1 %
Shares of SU traded up $0.72 during trading hours on Friday, hitting $34.97. 4,911,108 shares of the stock traded hands, compared to its average volume of 4,573,309. The business has a fifty day moving average of $35.59 and a 200-day moving average of $37.41. The firm has a market capitalization of $43.12 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.95. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. The business had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. During the same period in the previous year, the firm posted $1.41 earnings per share. Analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.
Suncor Energy Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a $0.4133 dividend. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.65 annualized dividend and a yield of 4.73%. Suncor Energy's dividend payout ratio is presently 45.24%.
Wall Street Analysts Forecast Growth
SU has been the subject of several analyst reports. StockNews.com downgraded Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Scotiabank raised shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Bank of America began coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating for the company. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Finally, Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Suncor Energy currently has an average rating of "Moderate Buy" and an average price target of $59.20.
Check Out Our Latest Analysis on SU
Suncor Energy Company Profile
(
Free Report)
Suncor Energy Inc operates as an integrated energy company in Canada, the United States, 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.
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