Advisors Asset Management Inc. Purchases 41,705 Shares of Suncor Energy Inc. (SU)
Advisors Asset Management Inc. lifted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 37.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 152,106 shares of the oil and gas producer’s stock after acquiring an additional 41,705 shares during the period. Advisors Asset Management Inc.’s holdings in Suncor Energy were worth $5,328,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. First Personal Financial Services grew its position in Suncor Energy by 144.1% in the 2nd quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock valued at $112,000 after buying an additional 2,270 shares in the last quarter. Forward Management LLC acquired a new stake in Suncor Energy in the 3rd quarter valued at about $154,000. UBS Asset Management Americas Inc. lifted its holdings in Suncor Energy by 13.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock valued at $136,000 after acquiring an additional 562 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Suncor Energy by 90.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,725 shares of the oil and gas producer’s stock valued at $124,000 after acquiring an additional 2,248 shares during the last quarter. Finally, Howland Capital Management LLC acquired a new stake in Suncor Energy in the 3rd quarter valued at about $201,000. Institutional investors and hedge funds own 63.75% of the company’s stock.
SU has been the subject of a number of analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $51.00 price objective on shares of Suncor Energy in a research note on Thursday, October 26th. Citigroup Inc. reissued a “buy” rating on shares of Suncor Energy in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Wednesday, October 11th. Edward Jones raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday. Finally, TD Securities lowered shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research report on Thursday, November 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Suncor Energy has an average rating of “Buy” and an average target price of $44.19.
Suncor Energy Inc. (SU) traded down $0.46 on Tuesday, hitting $34.94. The stock had a trading volume of 3,036,400 shares, compared to its average volume of 3,257,561. Suncor Energy Inc. has a 12 month low of $27.96 and a 12 month high of $36.71. The company has a quick ratio of 0.62, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $58,700.00, a PE ratio of 30.52, a price-to-earnings-growth ratio of 3.24 and a beta of 0.85.
Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.15. Suncor Energy had a return on equity of 5.68% and a net margin of 11.63%. The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.80 billion. equities research analysts anticipate that Suncor Energy Inc. will post 1.29 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be given a $0.251 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.87%. This is a boost from Suncor Energy ‘s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, November 30th. Suncor Energy ‘s dividend payout ratio is currently 60.95%.
Suncor Energy Profile
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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