Archford Capital Strategies LLC purchased a new stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,887 shares of the oil and gas producer's stock, valued at approximately $925,000.
A number of other institutional investors and hedge funds have also bought and sold shares of SU. Hanson & Doremus Investment Management increased its position in shares of Suncor Energy by 143.5% during the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock valued at $31,000 after purchasing an additional 465 shares during the last quarter. Salem Investment Counselors Inc. increased its position in shares of Suncor Energy by 97.6% during the 1st quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 405 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of Suncor Energy during the 4th quarter valued at $35,000. Lee Danner & Bass Inc. purchased a new stake in shares of Suncor Energy during the 4th quarter valued at $36,000. Finally, Covestor Ltd increased its position in shares of Suncor Energy by 30.5% during the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after purchasing an additional 256 shares during the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.
Suncor Energy Price Performance
NYSE SU traded down $0.44 during trading hours on Friday, hitting $37.53. The company had a trading volume of 6,582,328 shares, compared to its average volume of 4,474,124. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95. The firm has a 50 day simple moving average of $36.65 and a 200 day simple moving average of $36.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.39. The firm has a market capitalization of $45.89 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 3.27 and a beta of 0.79.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $13.39 billion. During the same quarter last year, the company earned $1.41 EPS. Equities research analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.
Suncor Energy Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a $0.4133 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.65 annualized dividend and a yield of 4.40%. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio (DPR) is currently 47.84%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. Wall Street Zen downgraded Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Scotiabank upgraded Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $64.67.
Get Our Latest Analysis on Suncor Energy
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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