Vanguard Personalized Indexing Management LLC Boosts Holdings in Suncor Energy Inc. $SU

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Suncor Energy by 17.7% in the second quarter, resulting in ownership of 72,823 shares valued at approximately $2.73 million.
• Suncor Energy declared a quarterly dividend of $0.4135 per share, up from the previous $0.41, reflecting an annualized yield of 4.2%.
• Wall Street analysts have given Suncor Energy a consensus rating of "Moderate Buy", with price targets averaging around $65.00.

Vanguard Personalized Indexing Management LLC raised its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 17.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,823 shares of the oil and gas producer's stock after purchasing an additional 10,961 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Suncor Energy were worth $2,727,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SU. Shell Asset Management Co. lifted its stake in shares of Suncor Energy by 65.8% in the second quarter. Shell Asset Management Co. now owns 103,082 shares of the oil and gas producer's stock worth $3,854,000 after buying an additional 40,892 shares in the last quarter. Focus Partners Wealth lifted its stake in shares of Suncor Energy by 1.3% in the first quarter. Focus Partners Wealth now owns 796,967 shares of the oil and gas producer's stock worth $30,859,000 after buying an additional 10,514 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Suncor Energy by 65.0% in the first 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. Inscription Capital LLC purchased a new position in shares of Suncor Energy in the first quarter worth about $247,000. Finally, Canoe Financial LP purchased a new position in shares of Suncor Energy in the second quarter worth about $9,653,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities 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 issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.00.

Suncor Energy Price Performance

Suncor Energy stock opened at $39.14 on Thursday. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $43.48. The stock has a market cap of $47.32 billion, a P/E ratio of 12.04, a PEG ratio of 3.19 and a beta of 0.78. The company has a 50-day moving average price of $40.72 and a 200 day moving average price of $38.27. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.19.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. The firm had revenue of $8.81 billion during the quarter, compared to analysts' expectations of $11.56 billion. During the same period last year, the business earned $1.27 earnings per share. Sell-side analysts anticipate 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 Thursday, September 25th. Shareholders of record on Thursday, September 4th were given a dividend of $0.4135 per share. This is a boost from Suncor Energy's previous quarterly dividend of $0.41. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Thursday, September 4th. 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.

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