Private Trust Co. NA Raises Stock Holdings in Suncor Energy Inc. $SU

Private Trust Co. NA increased its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 150.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,210 shares of the oil and gas producer’s stock after purchasing an additional 2,530 shares during the period. Private Trust Co. NA’s holdings in Suncor Energy were worth $158,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oxbow Advisors LLC grew its stake in Suncor Energy by 3.0% in the second quarter. Oxbow Advisors LLC now owns 104,700 shares of the oil and gas producer’s stock worth $3,921,000 after purchasing an additional 3,028 shares during the period. Ritholtz Wealth Management boosted its holdings in Suncor Energy by 7.1% in the second quarter. Ritholtz Wealth Management now owns 84,313 shares of the oil and gas producer’s stock worth $3,158,000 after acquiring an additional 5,573 shares in the last quarter. Bayforest Capital Ltd boosted its holdings in Suncor Energy by 178.9% in the second quarter. Bayforest Capital Ltd now owns 14,028 shares of the oil and gas producer’s stock worth $525,000 after acquiring an additional 8,998 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Suncor Energy by 43.1% in the second quarter. Sequoia Financial Advisors LLC now owns 49,668 shares of the oil and gas producer’s stock worth $1,860,000 after acquiring an additional 14,960 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in Suncor Energy by 7.9% in the second quarter. Yousif Capital Management LLC now owns 17,720 shares of the oil and gas producer’s stock worth $664,000 after acquiring an additional 1,295 shares in the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Stock Down 0.3%

Suncor Energy stock opened at $38.20 on Wednesday. The stock has a market cap of $46.18 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 3.03 and a beta of 0.78. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.26. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $43.48. The stock has a fifty day moving average of $40.68 and a 200 day moving average of $38.31.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business 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 in the prior year, the business posted $1.27 earnings per share. As a group, sell-side analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were given a dividend of $0.4135 per share. This is an increase from Suncor Energy’s previous quarterly dividend of $0.41. This represents a $1.65 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Thursday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is 50.77%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SU. Weiss Ratings reissued a “hold (c+)” rating on shares of Suncor Energy in a report on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $65.00 target price on shares of Suncor Energy in a report on Friday, October 3rd. Zacks Research downgraded Suncor Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Finally, Wells Fargo & Company initiated coverage on Suncor Energy in a report on Friday, October 17th. They issued an “equal weight” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.00.

Suncor Energy Company 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.