14,349 Shares in Suncor Energy Inc. $SU Acquired by Tacita Capital Inc

Tacita Capital Inc acquired a new stake in shares of Suncor Energy Inc. (NYSE:SUFree Report) (TSE:SU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,349 shares of the oil and gas producer’s stock, valued at approximately $770,000.

A number of other institutional investors have also recently added to or reduced their stakes in SU. Versant Capital Management Inc increased its stake in shares of Suncor Energy by 418.9% during the 2nd quarter. Versant Capital Management Inc now owns 493 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 398 shares during the last quarter. 1 North Wealth Services LLC acquired a new stake in shares of Suncor Energy in the 4th quarter valued at $32,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Suncor Energy in the 1st quarter valued at $53,000. Headlands Technologies LLC bought a new stake in Suncor Energy in the second quarter worth $31,000. Finally, Accent Capital Management LLC boosted its holdings in Suncor Energy by 37.5% in the fourth quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 225 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SU has been the topic of several analyst reports. Zacks Research downgraded shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Desjardins raised Suncor Energy to a “moderate buy” rating in a research report on Thursday, July 16th. The Goldman Sachs Group downgraded Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price target for the company. in a research note on Friday, June 5th. Morgan Stanley set a $106.00 price objective on Suncor Energy in a report on Wednesday. Finally, Scotiabank raised Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.25.

Get Our Latest Analysis on SU

Suncor Energy Stock Down 0.2%

Shares of SU opened at $67.54 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.65. The company has a 50-day simple moving average of $60.75 and a 200-day simple moving average of $61.45. Suncor Energy Inc. has a 52 week low of $37.76 and a 52 week high of $70.29. The firm has a market capitalization of $79.75 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.49 and a beta of 0.30.

Suncor Energy (NYSE:SUGet Free Report) (TSE:SU) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.19. Suncor Energy had a return on equity of 20.05% and a net margin of 15.62%.The firm had revenue of $13.41 billion for the quarter, compared to analyst estimates of $11.68 billion. During the same period in the previous year, the company posted $0.71 earnings per share. On average, equities research analysts expect that Suncor Energy Inc. will post 7.39 earnings per share for the current year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is 32.04%.

About Suncor Energy

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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