Blair William & Co. IL Has $4.78 Million Stock Holdings in Suncor Energy Inc. $SU

Key Points

• Blair William & Co. IL has reduced its holdings in Suncor Energy Inc. by 12.2%, owning 127,625 shares valued at approximately $4.78 million as per their latest SEC filing.
• Several large investors like Principal Financial Group and Goldman Sachs have significantly increased their stakes in Suncor Energy, with Principal Financial Group raising its holdings by 65.0% in the last quarter.
• Suncor Energy recently raised its quarterly dividend to $0.4135 per share, representing an annualized yield of 4.2% based on its previous dividend payout.

Blair William & Co. IL decreased its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 12.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 127,625 shares of the oil and gas producer's stock after selling 17,657 shares during the quarter. Blair William & Co. IL's holdings in Suncor Energy were worth $4,780,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Suncor Energy by 65.0% during the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock worth $620,136,000 after buying an additional 6,311,513 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Suncor Energy by 18.6% during the 1st quarter. Mackenzie Financial Corp now owns 15,377,546 shares of the oil and gas producer's stock worth $595,398,000 after buying an additional 2,410,857 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Suncor Energy by 83.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,426,008 shares of the oil and gas producer's stock worth $481,135,000 after buying an additional 5,658,880 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Suncor Energy by 12,290.9% in the 1st quarter. Acadian Asset Management LLC now owns 12,418,784 shares of the oil and gas producer's stock valued at $480,760,000 after purchasing an additional 12,318,559 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Suncor Energy by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,272,827 shares of the oil and gas producer's stock valued at $436,459,000 after purchasing an additional 290,900 shares during the period. Institutional investors and hedge funds own 67.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SU shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Suncor Energy in a research note on Wednesday, October 8th. Royal Bank Of Canada reissued an "outperform" rating and issued a $65.00 price target on shares of Suncor Energy in a research note on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.00.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at $39.53 on Monday. The company has a market capitalization of $47.79 billion, a PE ratio of 12.16, a PEG ratio of 3.20 and a beta of 0.78. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $43.48. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.19. The stock's fifty day simple moving average is $40.70 and its 200 day simple moving average is $38.25.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $11.56 billion. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.During the same quarter last year, the business posted $1.27 EPS. On average, research analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were paid a dividend of $0.4135 per share. This represents a $1.65 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, September 4th. This is a boost from Suncor Energy's previous quarterly dividend of $0.41. Suncor Energy's dividend payout ratio (DPR) is 50.77%.

About Suncor Energy

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.

Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.