Suncor Energy Inc. (SU) Shares Bought by Northern Trust Corp
Northern Trust Corp raised its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,961,177 shares of the oil and gas producer’s stock after buying an additional 23,101 shares during the period. Northern Trust Corp owned approximately 0.12% of Suncor Energy worth $57,266,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of SU. Sei Investments Co. grew its position in shares of Suncor Energy by 23.9% in the first quarter. Sei Investments Co. now owns 34,734 shares of the oil and gas producer’s stock valued at $1,069,000 after purchasing an additional 6,700 shares during the last quarter. Stifel Financial Corp boosted its position in Suncor Energy by 11.7% during the first quarter. Stifel Financial Corp now owns 30,393 shares of the oil and gas producer’s stock worth $934,000 after acquiring an additional 3,195 shares during the last quarter. AXA boosted its position in Suncor Energy by 43.0% during the first quarter. AXA now owns 98,689 shares of the oil and gas producer’s stock worth $3,034,000 after acquiring an additional 29,666 shares during the last quarter. BB&T Securities LLC boosted its position in Suncor Energy by 24.1% during the first quarter. BB&T Securities LLC now owns 15,234 shares of the oil and gas producer’s stock worth $468,000 after acquiring an additional 2,963 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Suncor Energy by 20.6% during the first quarter. Van ECK Associates Corp now owns 18,762 shares of the oil and gas producer’s stock worth $577,000 after acquiring an additional 3,206 shares during the last quarter. 64.05% of the stock is owned by institutional investors.
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Suncor Energy Inc. (SU) opened at 35.00 on Friday. The firm has a market capitalization of $58.08 billion, a PE ratio of 26.32 and a beta of 0.83. Suncor Energy Inc. has a 1-year low of $27.40 and a 1-year high of $35.18. The company’s 50-day moving average is $33.08 and its 200 day moving average is $31.39.
The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Tuesday, September 5th were issued a dividend of $0.2552 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.92%. This is an increase from Suncor Energy ‘s previous quarterly dividend of $0.24. Suncor Energy ‘s dividend payout ratio (DPR) is currently 84.43%.
A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Suncor Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub downgraded shares of Suncor Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Citigroup Inc. reissued a “buy” rating on shares of Suncor Energy in a research note on Wednesday, August 2nd. AltaCorp Capital downgraded shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 28th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $52.00 price target (up previously from $47.00) on shares of Suncor Energy in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $42.86.
About Suncor Energy
Suncor Energy Inc (Suncor) is an 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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