Cantor Fitzgerald L. P. Takes Position in Suncor Energy Inc. $SU

Key Points

• Cantor Fitzgerald L. P. established a new Q3 position in Suncor Energy, purchasing 25,512 shares worth approximately $1.07 million.
• Suncor trades near $59.66 with a market capitalization of about $71 billion and a PE of 17.19, and it announced a quarterly dividend of $0.60 (annualized $2.40), implying a ~4.0% yield and a payout ratio of ~50.7%.
• The company reported Q EPS of $0.79 (beating the $0.77 estimate), and analysts hold a "Moderate Buy" consensus with an average target of $63.67 after several price-target increases.

Cantor Fitzgerald L. P. acquired a new position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,512 shares of the oil and gas producer's stock, valued at approximately $1,067,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Archford Capital Strategies LLC grew its stake in Suncor Energy by 1.2% in the third quarter. Archford Capital Strategies LLC now owns 23,617 shares of the oil and gas producer's stock valued at $987,000 after acquiring an additional 272 shares during the period. Richardson Financial Services Inc. raised its holdings in Suncor Energy by 64.1% during the third quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer's stock worth $29,000 after buying an additional 275 shares during the last quarter. D Orazio & Associates Inc. lifted its stake in shares of Suncor Energy by 3.9% in the third quarter. D Orazio & Associates Inc. now owns 7,299 shares of the oil and gas producer's stock valued at $305,000 after buying an additional 275 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Suncor Energy by 10.5% during the third quarter. EverSource Wealth Advisors LLC now owns 2,947 shares of the oil and gas producer's stock valued at $123,000 after buying an additional 280 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Suncor Energy by 0.7% during the third quarter. Advisors Asset Management Inc. now owns 43,083 shares of the oil and gas producer's stock worth $1,801,000 after acquiring an additional 301 shares in the last quarter. 67.37% of the stock is owned by institutional investors.

Suncor Energy Stock Down 0.2%

Shares of NYSE:SU opened at $59.66 on Monday. The firm has a market capitalization of $70.99 billion, a PE ratio of 17.19 and a beta of 0.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 1.39. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $60.13. The firm has a fifty day moving average of $53.28 and a 200 day moving average of $46.11.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.79 billion. Suncor Energy had a net margin of 11.99% and a return on equity of 12.51%. During the same period in the previous year, the firm posted $1.25 earnings per share. As a group, research analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is currently 50.72%.

Analyst Upgrades and Downgrades

SU has been the topic of a number of recent research reports. Wall Street Zen lowered Suncor Energy from a "buy" rating to a "hold" rating in a report on Sunday, December 28th. Royal Bank Of Canada raised their price objective on Suncor Energy from $69.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday, February 5th. Weiss Ratings reiterated a "buy (b)" rating on shares of Suncor Energy in a report on Monday, December 29th. Zacks Research lowered shares of Suncor Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 20th. Finally, The Goldman Sachs Group increased their price target on Suncor Energy from $55.00 to $62.00 and gave the company a "buy" rating in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $63.67.

About Suncor Energy

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company's operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.

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