Suncor Energy Inc. $SU Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 17.7% in the second quarter, Holdings Channel.com reports. The fund owned 72,823 shares of the oil and gas producer’s stock after purchasing an additional 10,961 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Suncor Energy were worth $2,727,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SU. GAMMA Investing LLC increased its position in shares of Suncor Energy by 2,380.2% during the first quarter. GAMMA Investing LLC now owns 6,002 shares of the oil and gas producer’s stock valued at $232,000 after acquiring an additional 5,760 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Suncor Energy by 2.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 255,758 shares of the oil and gas producer’s stock valued at $9,903,000 after purchasing an additional 5,888 shares during the period. Sowell Financial Services LLC purchased a new position in shares of Suncor Energy in the first quarter valued at approximately $230,000. Sagespring Wealth Partners LLC boosted its stake in shares of Suncor Energy by 5.8% in the first quarter. Sagespring Wealth Partners LLC now owns 6,065 shares of the oil and gas producer’s stock valued at $235,000 after purchasing an additional 332 shares during the period. Finally, Inscription Capital LLC purchased a new position in shares of Suncor Energy in the first quarter valued at approximately $247,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Suncor Energy in a research note on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $65.00 price objective on shares of Suncor Energy in a research note on Friday, October 3rd. 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $65.00.

Suncor Energy Stock Down 0.6%

Shares of Suncor Energy stock opened at $39.14 on Thursday. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $43.48. The company has a 50 day moving average of $40.72 and a 200 day moving average of $38.27. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $47.32 billion, a P/E ratio of 12.04, a P/E/G ratio of 3.19 and a beta of 0.78.

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

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were paid a $0.4135 dividend. 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%. The ex-dividend date was Thursday, September 4th. Suncor Energy’s payout ratio is presently 50.77%.

About Suncor Energy

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.