Colony Group LLC Sells 1,748 Shares of Suncor Energy Inc. (SU)
Colony Group LLC trimmed its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 465,382 shares of the oil and gas producer’s stock after selling 1,748 shares during the quarter. Suncor Energy makes up about 1.1% of Colony Group LLC’s holdings, making the stock its 20th biggest position. Colony Group LLC’s holdings in Suncor Energy were worth $16,302,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in SU. Sei Investments Co. increased its stake in Suncor Energy by 46.8% in the 2nd quarter. Sei Investments Co. now owns 50,985 shares of the oil and gas producer’s stock valued at $1,489,000 after buying an additional 16,251 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Suncor Energy by 101.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 224,455 shares of the oil and gas producer’s stock worth $6,549,000 after purchasing an additional 112,855 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Suncor Energy by 96.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 110,401 shares of the oil and gas producer’s stock worth $3,224,000 after purchasing an additional 54,069 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Suncor Energy by 3.1% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 263,385 shares of the oil and gas producer’s stock worth $5,922,000 after purchasing an additional 7,900 shares during the period. Finally, State of Wisconsin Investment Board grew its stake in shares of Suncor Energy by 1.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 2,160,159 shares of the oil and gas producer’s stock worth $63,023,000 after purchasing an additional 37,419 shares during the period. 65.61% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently weighed in on SU shares. Zacks Investment Research cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Morgan Stanley upped their price target on shares of Suncor Energy from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Canaccord Genuity reaffirmed a “buy” rating and set a $51.00 price target on shares of Suncor Energy in a research note on Thursday, October 26th. BidaskClub cut shares of Suncor Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Finally, Edward Jones raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $43.14.
Suncor Energy Inc. (SU) traded up $0.34 during trading hours on Tuesday, reaching $34.76. 1,898,100 shares of the company’s stock were exchanged, compared to its average volume of 3,222,873. The stock has a market cap of $56,960.21, a price-to-earnings ratio of 29.67, a price-to-earnings-growth ratio of 3.18 and a beta of 0.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 0.91. Suncor Energy Inc. has a 52 week low of $27.96 and a 52 week high of $36.71.
Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.15. The company had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.80 billion. Suncor Energy had a net margin of 11.63% and a return on equity of 5.68%. equities analysts predict that Suncor Energy Inc. will post 1.28 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a $0.251 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.89%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, November 30th. Suncor Energy’s dividend payout ratio is 60.84%.
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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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