Great Lakes Advisors LLC bought a new position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 360,110 shares of the oil and gas producer's stock, valued at approximately $19,331,000.
Other large investors have also modified their holdings of the company. Intact Investment Management Inc. increased its holdings in shares of Suncor Energy by 36.3% in the fourth quarter. Intact Investment Management Inc. now owns 1,695,160 shares of the oil and gas producer's stock valued at $75,236,000 after purchasing an additional 451,110 shares during the last quarter. Vanguard Group Inc. boosted its stake in Suncor Energy by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 55,720,921 shares of the oil and gas producer's stock worth $2,473,173,000 after buying an additional 1,166,405 shares during the last quarter. Harvest Portfolios Group Inc. boosted its stake in Suncor Energy by 9.1% during the fourth quarter. Harvest Portfolios Group Inc. now owns 360,668 shares of the oil and gas producer's stock worth $16,008,000 after buying an additional 30,210 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Suncor Energy by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,609,777 shares of the oil and gas producer's stock valued at $833,622,000 after buying an additional 411,243 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Suncor Energy by 6.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 846,111 shares of the oil and gas producer's stock valued at $55,802,000 after buying an additional 50,502 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.
Suncor Energy Stock Performance
Shares of Suncor Energy stock opened at $67.75 on Wednesday. The firm has a market cap of $79.99 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 0.49 and a beta of 0.29. The company has a quick ratio of 1.08, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. Suncor Energy Inc. has a 52 week low of $37.76 and a 52 week high of $70.29. The business's fifty day simple moving average is $60.65 and its 200-day simple moving average is $61.35.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.14 by $0.19. The firm had revenue of $13.41 billion during the quarter, compared to the consensus estimate of $11.68 billion. Suncor Energy had a return on equity of 20.05% and a net margin of 15.62%.During the same period last year, the company earned $0.71 EPS. Equities analysts forecast that Suncor Energy Inc. will post 7.39 earnings per share for the current year.
Suncor Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.5%. Suncor Energy's dividend payout ratio (DPR) is currently 32.04%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on SU shares. The Goldman Sachs Group lowered Suncor Energy from a "buy" rating to a "neutral" rating and set a $72.00 price target on the stock. in a report on Friday, June 5th. Zacks Research cut shares of Suncor Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Scotiabank upgraded shares of Suncor Energy to a "strong-buy" rating in a research report on Friday, June 26th. Weiss Ratings upgraded shares of Suncor Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, July 29th. Finally, Wall Street Zen lowered shares of Suncor Energy from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Suncor Energy has a consensus rating of "Moderate Buy" and a consensus target price of $71.67.
Check Out Our Latest Analysis on SU
About Suncor Energy
(
Free Report)
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.
Further Reading
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