MUFG Securities EMEA plc acquired a new position in shares of Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 450,000 shares of the oil and gas producer’s stock, valued at approximately $19,978,000.
Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Suncor Energy by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 55,720,921 shares of the oil and gas producer’s stock worth $2,473,173,000 after buying an additional 1,166,405 shares during the period. Artisan Partners Limited Partnership increased its position in Suncor Energy by 0.4% during the 3rd quarter. Artisan Partners Limited Partnership now owns 33,868,775 shares of the oil and gas producer’s stock worth $1,417,029,000 after buying an additional 145,800 shares during the period. Dodge & Cox increased its position in Suncor Energy by 0.3% during the 3rd quarter. Dodge & Cox now owns 27,471,954 shares of the oil and gas producer’s stock worth $1,148,602,000 after buying an additional 70,300 shares during the period. Principal Financial Group Inc. increased its position in Suncor Energy by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 19,371,704 shares of the oil and gas producer’s stock worth $860,933,000 after buying an additional 516,783 shares during the period. Finally, Fisher Asset Management LLC increased its position in Suncor Energy by 8.3% during the 4th quarter. Fisher Asset Management LLC now owns 16,820,924 shares of the oil and gas producer’s stock worth $746,176,000 after buying an additional 1,289,959 shares during the period. Institutional investors own 67.37% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. The Goldman Sachs Group increased their target price on Suncor Energy from $66.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, April 1st. Royal Bank Of Canada increased their target price on Suncor Energy from $75.00 to $89.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Wall Street Zen raised Suncor Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings raised Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Finally, Zacks Research raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $72.00.
Suncor Energy Stock Performance
SU opened at $62.34 on Friday. The firm has a market cap of $73.60 billion, a P/E ratio of 16.36 and a beta of 0.31. Suncor Energy Inc. has a 52-week low of $35.29 and a 52-week high of $70.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 1.42. The business’s fifty day moving average is $65.25 and its 200-day moving average is $55.04.
Suncor Energy (NYSE:SU – Get Free Report) (TSE:SU) last released its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). The business had revenue of $10.41 billion during the quarter, compared to analyst estimates of $9.22 billion. Suncor Energy had a net margin of 12.29% and a return on equity of 13.96%. During the same period last year, the business earned $1.31 earnings per share. Sell-side analysts expect that Suncor Energy Inc. will post 7.07 EPS for the current fiscal year.
Suncor Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $2.40 annualized dividend and a yield of 3.9%. Suncor Energy’s dividend payout ratio (DPR) is 46.19%.
Suncor Energy Profile
Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.
Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.
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