Wasatch Advisors Inc. Has $5.22 Million Holdings in Suncor Energy Inc. (SU)
Wasatch Advisors Inc. lowered its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 178,921 shares of the oil and gas producer’s stock after selling 1,870 shares during the quarter. Wasatch Advisors Inc.’s holdings in Suncor Energy were worth $5,224,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of SU. Stifel Financial Corp lifted its holdings 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 valued at $934,000 after purchasing an additional 3,195 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Suncor Energy by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,659,226 shares of the oil and gas producer’s stock valued at $81,771,000 after purchasing an additional 93,044 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Suncor Energy by 694.5% during the first quarter. Renaissance Technologies LLC now owns 258,540 shares of the oil and gas producer’s stock valued at $7,945,000 after purchasing an additional 226,000 shares in the last quarter. United Capital Financial Advisers LLC lifted its holdings in Suncor Energy by 16.0% during the first quarter. United Capital Financial Advisers LLC now owns 11,607 shares of the oil and gas producer’s stock valued at $357,000 after purchasing an additional 1,605 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in Suncor Energy during the first quarter valued at approximately $853,000. 64.00% of the stock is currently owned by institutional investors and hedge funds.
Suncor Energy Inc. (NYSE SU) traded down 0.24% during trading on Tuesday, hitting $33.55. 793,114 shares of the stock traded hands. The stock has a market cap of $55.67 billion, a P/E ratio of 25.23 and a beta of 0.83. Suncor Energy Inc. has a 52-week low of $27.96 and a 52-week high of $35.18. The stock has a 50 day moving average price of $33.67 and a 200-day moving average price of $31.56.
The business also recently declared a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Tuesday, September 5th were paid a $0.2552 dividend. The ex-dividend date was Thursday, August 31st. This represents a $1.02 dividend on an annualized basis and a yield of 3.04%. This is a boost from Suncor Energy ‘s previous quarterly dividend of $0.24. Suncor Energy ‘s dividend payout ratio (DPR) is currently 84.43%.
SU has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. National Bank Financial initiated coverage on shares of Suncor Energy in a report on Tuesday, June 27th. They set an “outperform” rating on the stock. Piper Jaffray Companies lowered their price target on shares of Suncor Energy from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, July 3rd. 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 report on Wednesday, July 12th. Finally, AltaCorp Capital downgraded shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $43.94.
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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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