GSA Capital Partners LLP Invests $822,000 in Suncor Energy Inc. $SU

Key Points

• GSA Capital Partners acquired 15,310 Suncor Energy shares worth approximately $822,000 in the second quarter. Institutional investors collectively own 67.37% of the company.
• Analyst sentiment remains positive but mixed, with a consensus “Moderate Buy” rating and an average price target of $71.67.
• Suncor reported quarterly earnings of $2.33 per share, surpassing estimates, while revenue reached $13.41 billion. The company also declared a quarterly dividend of $0.60 per share, representing a 3.5% yield.

GSA Capital Partners LLP acquired a new stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,310 shares of the oil and gas producer's stock, valued at approximately $822,000.

Several other large investors have also bought and sold shares of SU. Formidable Asset Management LLC lifted its holdings in Suncor Energy by 1.1% in the 1st quarter. Formidable Asset Management LLC now owns 16,004 shares of the oil and gas producer's stock valued at $1,058,000 after acquiring an additional 171 shares during the last quarter. Mitchell & Pahl Private Wealth LLC boosted its position in shares of Suncor Energy by 0.8% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 24,278 shares of the oil and gas producer's stock valued at $1,605,000 after purchasing an additional 190 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Suncor Energy by 22.6% in the 4th quarter. IFP Advisors Inc now owns 1,047 shares of the oil and gas producer's stock worth $46,000 after purchasing an additional 193 shares during the last quarter. DGS Capital Management LLC grew its stake in shares of Suncor Energy by 3.2% in the 4th quarter. DGS Capital Management LLC now owns 6,149 shares of the oil and gas producer's stock worth $273,000 after purchasing an additional 193 shares during the last quarter. Finally, Bryn Mawr Trust Advisors LLC raised its holdings in shares of Suncor Energy by 3.5% in the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 5,742 shares of the oil and gas producer's stock worth $255,000 after purchasing an additional 196 shares in the last quarter. Institutional investors own 67.37% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on SU. Wall Street Zen lowered shares of Suncor Energy from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. Zacks Research downgraded Suncor Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Scotiabank raised Suncor Energy to a "strong-buy" rating in a research note on Friday, June 26th. Weiss Ratings upgraded Suncor Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group lowered Suncor Energy from a "buy" rating to a "neutral" rating and set a $72.00 target price on the stock. in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Suncor Energy has a consensus rating of "Moderate Buy" and a consensus target price of $71.67.

Suncor Energy Stock Performance

Suncor Energy stock opened at $67.75 on Wednesday. The firm's 50 day simple moving average is $60.65 and its 200-day simple moving average is $61.35. The company has a market cap of $79.99 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 0.49 and a beta of 0.29. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.08. Suncor Energy Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.29.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas producer reported $2.33 EPS for the quarter, beating the consensus estimate of $2.14 by $0.19. Suncor Energy had a net margin of 15.62% and a return on equity of 20.05%. The business had revenue of $13.41 billion during the quarter, compared to the consensus estimate of $11.68 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. As a group, equities research analysts predict that Suncor Energy Inc. will post 7.39 EPS for the current year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, September 4th. Suncor Energy's payout ratio is 32.04%.

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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