Strs Ohio grew its position in shares of Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU) by 4.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,069 shares of the oil and gas producer’s stock after acquiring an additional 4,520 shares during the period. Strs Ohio’s holdings in Suncor Energy were worth $3,040,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of SU. DORCHESTER WEALTH MANAGEMENT Co raised its stake in Suncor Energy by 2.7% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 410,732 shares of the oil and gas producer’s stock worth $12,271,000 after buying an additional 10,903 shares in the last quarter. Arlington Partners LLC bought a new position in Suncor Energy in the first quarter worth about $26,000. SPX Gestao de Recursos Ltda bought a new position in Suncor Energy in the first quarter worth about $925,000. D.A. Davidson & CO. raised its stake in Suncor Energy by 2.7% in the first quarter. D.A. Davidson & CO. now owns 26,400 shares of the oil and gas producer’s stock worth $820,000 after buying an additional 697 shares in the last quarter. Finally, Inspire Advisors LLC raised its stake in Suncor Energy by 15.4% in the first quarter. Inspire Advisors LLC now owns 7,744 shares of the oil and gas producer’s stock worth $240,000 after buying an additional 1,033 shares in the last quarter. 56.82% of the stock is owned by institutional investors.
Suncor Energy Trading Down 0.8 %
NYSE:SU opened at $28.70 on Tuesday. The company’s 50 day moving average price is $29.20 and its 200-day moving average price is $31.07. Suncor Energy Inc. has a 52 week low of $26.42 and a 52 week high of $37.23. The company has a quick ratio of 0.69, a current ratio of 1.11 and a debt-to-equity ratio of 0.25. The stock has a market cap of $37.48 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 0.64 and a beta of 1.27.
Suncor Energy (NYSE:SU – Get Free Report) (TSE:SU) last posted its quarterly earnings results on Monday, May 8th. The oil and gas producer reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. Suncor Energy had a net margin of 14.25% and a return on equity of 26.90%. The firm had revenue of $9.06 billion for the quarter, compared to analysts’ expectations of $7.87 billion. On average, equities research analysts forecast that Suncor Energy Inc. will post 3.77 earnings per share for the current fiscal year.
Suncor Energy Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 26th. Stockholders of record on Monday, June 5th were issued a dividend of $0.384 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend was Friday, June 2nd. Suncor Energy’s payout ratio is 33.85%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on SU. StockNews.com began coverage on shares of Suncor Energy in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Scotiabank cut shares of Suncor Energy from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, March 21st. UBS Group assumed coverage on shares of Suncor Energy in a report on Wednesday, July 12th. They issued a “buy” rating on the stock. BMO Capital Markets cut shares of Suncor Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, July 13th. Finally, National Bank Financial upgraded shares of Suncor Energy from a “sector perform” rating to an “outperform” rating in a report on Friday, April 28th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Suncor Energy currently has an average rating of “Hold” and an average price target of $56.67.
Suncor Energy Company Profile
Suncor Energy Inc operates as an integrated energy company in Canada and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products. This segment also engages in syncrude oil sands mining and upgrading operations; and marketing, supply, transportation, and risk management of crude oil, natural gas, power, and byproducts.