6,443 Shares of Suncor Energy Inc. $SU Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. bought a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 3rd quarter, Holdings Channel reports. The fund bought 6,443 shares of the oil and gas producer’s stock, valued at approximately $437,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SU. Versant Capital Management Inc grew its stake in shares of Suncor Energy by 418.9% in the 2nd quarter. Versant Capital Management Inc now owns 493 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 398 shares during the period. Continuum Advisory LLC bought a new stake in Suncor Energy in the 2nd quarter valued at about $27,000. Cassaday & Co Wealth Management LLC acquired a new position in Suncor Energy during the 1st quarter worth approximately $53,000. Eastern Bank raised its stake in Suncor Energy by 51.7% during the 2nd quarter. Eastern Bank now owns 1,024 shares of the oil and gas producer’s stock worth $55,000 after buying an additional 349 shares during the period. Finally, Vestor Capital LLC acquired a new position in Suncor Energy during the 1st quarter worth approximately $59,000. 67.37% of the stock is owned by institutional investors.

Suncor Energy Price Performance

SU stock opened at $78.97 on Thursday. The company has a market capitalization of $92.37 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 0.52 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.65. Suncor Energy Inc. has a 52-week low of $38.34 and a 52-week high of $79.77. The business has a 50-day simple moving average of $69.49 and a two-hundred day simple moving average of $65.05.

Suncor Energy (NYSE:SU) (TSE:SU) last posted 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. Suncor Energy had a net margin of 15.62% and a return on equity of 20.05%. The firm had revenue of $13.41 billion for the quarter, compared to the consensus estimate of $11.68 billion. During the same period in the previous year, the firm earned $0.71 EPS. Research analysts expect that Suncor Energy Inc. will post 8.12 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were given a dividend of C$0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 31.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SU. Zacks Research raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Desjardins upgraded Suncor Energy to a “moderate buy” rating in a report on Thursday, July 16th. Wall Street Zen raised Suncor Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. Finally, Morgan Stanley set a $106.00 price target on shares of Suncor Energy in a research report on Wednesday, August 19th. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $79.62.

Suncor Energy Company Profile

Suncor Energy Inc is an integrated energy company headquartered in Calgary, Alberta, Canada. Its operations span the energy value chain, including the development, production, upgrading, refining, and marketing of crude oil and petroleum products.

The company is one of Canada’s major oil sands producers, with interests in mining and in situ oil sands projects. Suncor produces bitumen and synthetic crude oil and also has conventional oil and offshore production interests. Its upstream portfolio includes operated and non-operated assets in Canada.

Through its downstream operations, Suncor refines crude oil into gasoline, diesel, jet fuel, asphalt, and other petroleum products.