66,306 Suncor Energy Inc. $SU Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,591,208 shares of the oil and gas producer’s stock after selling 66,306 shares during the period. Suncor Energy comprises approximately 2.1% of TD Waterhouse Canada Inc.’s investment portfolio, making the stock its 8th biggest holding. TD Waterhouse Canada Inc.’s holdings in Suncor Energy were worth $799,716,000 at the end of the most recent quarter.

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

Suncor Energy Stock Performance

NYSE SU traded up $2.16 on Friday, reaching $77.80. The stock had a trading volume of 5,751,511 shares, compared to its average volume of 3,468,628. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.08. The firm has a fifty day moving average of $68.57 and a two-hundred day moving average of $64.78. Suncor Energy Inc. has a 1-year low of $37.76 and a 1-year high of $79.65. The company has a market cap of $90.99 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 0.50 and a beta of 0.36.

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 for the quarter, topping the consensus estimate of $2.14 by $0.19. Suncor Energy had a return on equity of 20.05% and a net margin of 15.62%. The firm had revenue of $13.41 billion for the quarter, compared to analysts’ expectations of $11.68 billion. During the same quarter last year, the business earned $0.71 EPS. On average, equities research analysts anticipate that Suncor Energy Inc. will post 8.12 EPS for the current year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were paid a C$0.60 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. Suncor Energy’s dividend payout ratio is 31.86%.

Analysts Set New Price Targets

SU has been the subject of several research reports. Zacks Research raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Wall Street Zen raised shares of Suncor Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Desjardins upgraded shares of Suncor Energy to a “moderate buy” rating in a report on Thursday, July 16th. Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Morgan Stanley set a $106.00 price objective on Suncor Energy in a report on Wednesday, August 19th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $79.62.

About Suncor Energy

Suncor Energy Inc is an integrated energy company headquartered in Calgary, Alberta. Its operations span the development and production of crude oil from Canada’s oil sands, offshore petroleum production, refining, and the marketing and distribution of petroleum products.

The company produces synthetic crude oil, bitumen and conventional crude oil, which are processed through its refining operations into fuels and other refined products. Suncor markets fuel and convenience products through the Petro-Canada retail network and supplies commercial, wholesale and industrial customers.