Ashton Thomas Private Wealth LLC Buys 887 Shares of Suncor Energy Inc. $SU

Ashton Thomas Private Wealth LLC grew its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,885 shares of the oil and gas producer’s stock after purchasing an additional 887 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Suncor Energy were worth $2,130,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SU. Principal Financial Group Inc. lifted its position in Suncor Energy by 65.0% during the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer’s stock valued at $620,136,000 after acquiring an additional 6,311,513 shares during the period. Mackenzie Financial Corp lifted its position in Suncor Energy by 18.6% during the 1st quarter. Mackenzie Financial Corp now owns 15,377,546 shares of the oil and gas producer’s stock valued at $595,398,000 after acquiring an additional 2,410,857 shares during the period. Goldman Sachs Group Inc. lifted its position in Suncor Energy by 83.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,426,008 shares of the oil and gas producer’s stock valued at $481,135,000 after acquiring an additional 5,658,880 shares during the period. Acadian Asset Management LLC lifted its position in Suncor Energy by 12,290.9% during the 1st quarter. Acadian Asset Management LLC now owns 12,418,784 shares of the oil and gas producer’s stock valued at $480,760,000 after acquiring an additional 12,318,559 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Suncor Energy by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,272,827 shares of the oil and gas producer’s stock valued at $436,459,000 after acquiring an additional 290,900 shares during the period. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Down 1.0%

SU opened at $39.64 on Wednesday. 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 firm has a 50 day moving average price of $40.77 and a 200-day moving average price of $38.59. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $43.48. The stock has a market capitalization of $47.93 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 3.52 and a beta of 0.78.

Suncor Energy (NYSE:SU) (TSE:SU) last released 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. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. The firm had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $11.56 billion. During the same period in the previous year, the company earned $1.27 earnings per share. Equities research analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were issued a dividend of $0.4135 per share. The ex-dividend date of this dividend was Thursday, September 4th. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.41. This represents a $1.65 annualized dividend and a dividend yield of 4.2%. Suncor Energy’s dividend payout ratio is presently 51.08%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SU. Zacks Research cut shares of Suncor Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Wells Fargo & Company started coverage on shares of Suncor Energy in a report on Friday, October 17th. They issued an “equal weight” rating for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Suncor Energy in a report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Suncor Energy in a report on Wednesday, October 8th. Two 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 assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.