Goldstein Advisors LLC purchased a new position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,362 shares of the oil and gas producer's stock, valued at approximately $595,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SU. Rhumbline Advisers lifted its position in Suncor Energy by 92.2% during the 4th quarter. Rhumbline Advisers now owns 5,805 shares of the oil and gas producer's stock worth $207,000 after buying an additional 2,784 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Suncor Energy by 3.2% in the 4th quarter. Truist Financial Corp now owns 46,403 shares of the oil and gas producer's stock valued at $1,656,000 after purchasing an additional 1,449 shares during the period. Atria Wealth Solutions Inc. raised its holdings in shares of Suncor Energy by 155.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 19,731 shares of the oil and gas producer's stock valued at $704,000 after purchasing an additional 12,002 shares during the period. Global Retirement Partners LLC raised its holdings in shares of Suncor Energy by 52.6% in the 4th quarter. Global Retirement Partners LLC now owns 3,635 shares of the oil and gas producer's stock valued at $130,000 after purchasing an additional 1,253 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Suncor Energy by 104.2% in the 4th quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock valued at $110,017,000 after purchasing an additional 1,573,726 shares during the period. 67.37% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on SU. Wall Street Zen cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Scotiabank raised shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Suncor Energy currently has a consensus rating of "Moderate Buy" and an average price target of $64.67.
Get Our Latest Analysis on Suncor Energy
Suncor Energy Stock Performance
Suncor Energy stock 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. The firm has a market cap of $45.89 billion, a PE ratio of 10.82, a PEG ratio of 3.27 and a beta of 0.79. 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 Inc. has a one year low of $30.79 and a one year high of $41.95. The firm has a 50-day moving average of $36.65 and a 200 day moving average of $36.94.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. The firm had revenue of $9.10 billion for the quarter, compared to analysts' expectations of $13.39 billion. Suncor Energy had a net margin of 11.95% and a return on equity of 14.90%. During the same period in the prior year, the firm earned $1.41 EPS. On average, sell-side 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 declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were issued a $0.4133 dividend. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a yield of 4.40%. The ex-dividend date was Wednesday, June 4th. Suncor Energy's dividend payout ratio is currently 47.84%.
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.
Further Reading
Before you consider Suncor Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Suncor Energy wasn't on the list.
While Suncor Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
