Blair William & Co. IL Sells 17,657 Shares of Suncor Energy Inc. $SU

Blair William & Co. IL lessened its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 12.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,625 shares of the oil and gas producer’s stock after selling 17,657 shares during the period. Blair William & Co. IL’s holdings in Suncor Energy were worth $4,780,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management increased its holdings in Suncor Energy by 143.5% during the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 465 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in Suncor Energy by 97.6% during the 1st quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 405 shares in the last quarter. Maseco LLP bought a new position in Suncor Energy during the 2nd quarter worth about $32,000. N.E.W. Advisory Services LLC bought a new position in Suncor Energy during the 1st quarter worth about $36,000. Finally, Wayfinding Financial LLC bought a new position in Suncor Energy during the 1st quarter worth about $42,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

Shares of NYSE SU opened at $39.53 on Monday. The stock has a market capitalization of $47.79 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 3.20 and a beta of 0.78. The business has a 50-day moving average of $40.70 and a 200-day moving average of $38.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $43.48.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $11.56 billion. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.During the same quarter last year, the company earned $1.27 EPS. As a group, sell-side analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were issued a dividend of $0.4135 per share. The ex-dividend date was Thursday, September 4th. This is an increase from Suncor Energy’s previous quarterly dividend of $0.41. This represents a $1.65 dividend on an annualized basis and a yield of 4.2%. Suncor Energy’s dividend payout ratio is 50.77%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SU. Royal Bank Of Canada reiterated an “outperform” rating and set a $65.00 target price on shares of Suncor Energy in a report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Suncor Energy in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

Suncor Energy Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, 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.