HB Wealth Management LLC acquired a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,904 shares of the oil and gas producer's stock, valued at approximately $616,000.
Other institutional investors also recently bought and sold shares of the company. Hanson & Doremus Investment Management lifted its stake in shares of Suncor Energy by 143.5% in the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock worth $31,000 after purchasing an additional 465 shares during the period. Salem Investment Counselors Inc. increased its holdings in Suncor Energy by 97.6% during the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock valued at $32,000 after buying an additional 405 shares during the last quarter. Covestor Ltd raised its position in Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after acquiring an additional 256 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Suncor Energy during the 1st quarter worth $42,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Suncor Energy during the 1st quarter valued at $44,000. Institutional investors own 67.37% of the company's stock.
Suncor Energy Stock Performance
Shares of NYSE SU opened at $39.45 on Friday. The stock has a market cap of $48.05 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 3.50 and a beta of 0.80. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $41.94. The firm has a fifty day moving average price of $38.42 and a 200-day moving average price of $37.39. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.39 and a quick ratio of 0.84.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. Suncor Energy had a return on equity of 14.90% and a net margin of 11.95%. The business had revenue of $9.10 billion during the quarter, compared to analyst estimates of $13.39 billion. During the same quarter in the prior year, the business posted $1.41 EPS. Equities analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.
Suncor Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a $0.4133 dividend. This represents a $1.65 annualized dividend and a yield of 4.2%. The ex-dividend date was Wednesday, June 4th. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio is currently 47.84%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $66.00.
Read Our Latest Research Report on SU
About Suncor Energy
(
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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